Granite selected for approximately $48 million flood control project in texas

Watsonville, calif.--(business wire)--granite (nyse:gva) has been awarded an approximately $48 million contract by the u.s. army corps of engineers (usace) to mitigate flood risk and damage in wharton, texas. project funding will come from the usace's fiscal 2023 civil construction funds and is expected to be included in granite's second quarter cap. the city of wharton has significant existing and historical flooding issues from the colorado river, caney creek, baughman slough, and peach creek.
GVA Ratings Summary
GVA Quant Ranking