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Granite Selected for Garnet Valley Wastewater System Project

1. Granite has secured $230 million CMAR contract for Garnet Valley project. 2. This project is part of a $900 million infrastructure initiative.

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Why Bullish?

Securing large contracts often leads to revenue growth and stability. Past instances show that similar contracts positively influenced GVA’s stock performance.

How important is it?

Large contracts significantly influence future earnings potential, enhancing GVA's market position. The magnitude and potential impact of this contract on GVA's financials justify a high importance score.

Why Long Term?

The ongoing projects under the contract will generate long-term revenue. Historical data indicate sustainable income from large infrastructure contracts enhances market confidence.

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FLRMASPHM
WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) today announced that it has secured the second and third work packages, valued at approximately $160 million and $70 million, respectively, under a $230 million Construction Manager at Risk (CMAR) contract for the Garnet Valley Wastewater System project. Awarded by the Southern Nevada Water Authority (SNWA), this contract represents a key component of a broader $900 million infrastructure initiative in the Apex Industrial Park, developed.

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