ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Granite Furthers Relationship with DHS and USCG Through Strategic Pacific Northwest Win

Granite (NYSE: GVA) has been awarded an approximately $30 million dollar construction contract for various Design-Build improvements at East Tongue Point near Astoria, Oregon. The project will be funded by Department of Homeland Security (DHS) and will provide facilities to accommodate the Homeporting of two Coast Guard Fast Response Cutters (FRCs). The new FRCs boast many improvements including a stabilized 25-mm machine gun mount, four crew-served .50-caliber machine guns, and enhanced response times with a minimum top speed of 28 knots. The award is expected to be included in Granite’s fourth quarter CAP.

Facilities include a fixed pier, two floating docks, gangways between floating docks and pier, cutter shore tie utilities on the pier, underground utilities on shore, new pavement and parking, and a security fence around the site. This is Granite’s fourth project win under the National Multiple Award Construction Contract (NMACC).

“This facility is critical to the United States Coast Guard’s (USCG) mission to replace the 1980s-era patrol boats with the new FRC vessels, and the addition of these new patrol boats will strengthen the local maritime economy in Astoria,” said Curt Haldeman, Granite VP regional operations. “This contract represents a strategic win in the Pacific Northwest region and furthers our relationship with DHS and the USCG. The first FRC will arrive in Astoria at the updated East Tongue Point facility, which is currently expected to be delivered to the USCG in June 2024.”

The project will begin later this year and expected to be completed by June 2025.

About Granite

Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE: GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite civil construction provider. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit the Granite website, graniteconstruction.com, and connect with Granite on LinkedIn, Twitter, Facebook, and Instagram.

Contacts

Granite Contacts

Media

Erin Kuhlman 831-768-4111

Investors

Wenjun Xu - 831-761-7861

Recent Quotes

View More
Symbol Price Change (%)
AMZN  226.19
-4.09 (-1.78%)
AAPL  278.28
+0.25 (0.09%)
AMD  210.78
-10.65 (-4.81%)
BAC  55.14
+0.58 (1.06%)
GOOG  310.52
-3.18 (-1.01%)
META  644.23
-8.48 (-1.30%)
MSFT  478.53
-4.94 (-1.02%)
NVDA  175.02
-5.91 (-3.27%)
ORCL  189.97
-8.88 (-4.47%)
TSLA  458.96
+12.07 (2.70%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.