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Smith-Midland Awarded $5M SlenderWall Contract for FBI Project

1. Smith-Midland secures $5M contract for FBI dormitory re-cladding project. 2. Production starts June 2025, impacting future revenue positively.

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$26.80504/04 03:00 PM EDTLatest Updated
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FAQ

Why Bullish?

Securing a $5M government contract typically enhances investor confidence and future revenue streams, similar to past contracts boosting SMID's stock price.

How important is it?

The contract signifies growth opportunities, potentially attracting investor interest in the near term as it reflects Smith-Midland's capabilities and market position.

Why Short Term?

Initial revenue recognition from the contract is expected within the next fiscal year, impacting immediate stock performance.

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Smith-Midland to Produce SlenderWall for FBI Dorm Re-Cladding Project in Virginia MIDLAND, VA / ACCESS Newswire / April 3, 2025 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, has been selected to produce more than $5M of SlenderWall and architectural precast concrete panels for existing dormitories at the Federal Bureau of Investigation (FBI) in Quantico, Virginia. Production of SlenderWall, Smith-Midland's high-performance, lightweight precast concrete cladding system, is set to begin in June 2025 at the company's Virginia plant, with installation slated for October 2025.

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