Granite Construction Secures $48 Million Flood Control U.S. Government Contract
Provided by
Dow Jones
By Sabela Ojea
Granite Construction said Wednesday it has won a $48 million U.S. Army Corps of Engineers contract to reduce flood risks and damages in Wharton, Texas.
Under the contract, the construction company will build four strategically located levee reaches, five interior gravity sump areas and storm sewer relief systems along the Colorado River.
The company will also work to improve the state of pavement in the city, which has historically suffered from flooding due to its proximity to the Colorado River.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
July 05, 2023 17:18 ET (21:18 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
Magnificent 7 Stocks Earnings Updates: AI Remains the Focus
-
Small-Cap and Value Stocks Are Undervalued
-
Why We Expect the Job Market’s Slowdown to Renew in 2024
-
5 Undervalued Stocks to Buy to Play a Little Defense
-
Markets Brief: AI Leaders Excel In Earnings Season So Far
-
What History Tells Us About the Fed’s Next Move
-
What’s Happening In the Markets This Week
-
Alphabet’s New Dividend: What Investors Need to Know
-
Amazon Earnings: AWS Growth Accelerates and Profit Margins Improve
-
SiriusXM Earnings: Decent Results With Plan for Technology and Content Investment to Drive Growth
-
Coca-Cola Earnings: Solid Volume On Innovation and Digital Engagement
-
Is Berkshire Hathaway a Buy Before the Annual Meeting?
-
Investment Opportunities in the Drug Distribution Industry
-
Why the End of Quantitative Tightening Matters
-
Eli Lilly Earnings: Strong Weight-Loss Drug Sales Expand Margins
-
After Earnings, Is Meta Stock a Buy, a Sell, or Fairly Valued?