Granite JV Wins $165M Guam Defense Task Order
GVA sits 20% above its 52-week low of $97.26.
Summary
Granite's GO3JV joint venture secured a $165 million task order under the Guam MACC for the Guam Defense System Forward Operating Sites. The work includes site prep, utilities, facilities, and transportation infrastructure for NAVFAC, with construction starting in 2026 and completion expected in late 2029. This award adds to Granite's federal backlog and will be included in Q3 CAP. It follows a series of recent contract wins, including a $50M PG&E award and a $31M Hydrostor package, reinforcing the company's growth in infrastructure and defense-related work.
At the time of this announcement, GVA was trading at $116.27 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $5.1B. The 52-week trading range was $97.26 to $162.08. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: BusinessWire.