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Stock impact report

Granite Awarded $245 Million Site Work Project in Idaho

Granite Construction Incorporated (GVA) 
Last granite construction incorporated earnings: 10/25 06:55 am Check Earnings Report
US:NYSE Investor Relations: investor.graniteconstruction.com
Company Research Source: Business Wire
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded a $245 million subcontract by Fluor Marine Propulsion, LLC (FMP) for the concrete placement construction of the Naval Spent Fuel Handling Facility near Idaho Falls, Idaho. The project was included in Granite’s 2019 Committed and Awarded Projects (CAP)1.Scope of work includes providing all labor, equipment, and materials in order to backfill the excavation site from bedrock up to the elevation that will support super-structure foundations. The backfill will include approximately 10 million pounds of rebar and 300,000 cubic yards of concrete materials.“Because we self-perform site work on the majority of our projects, we possess the expertise needed to execute a complex project of this type,” said Granite President and Chief Executive Officer James H. Roberts. “Given our in-house experts, our team is well-positioned to achieve outstanding results under strict quality standards.”Construction is underway and thi Show less Read more
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