WATSONVILLE, Calif. – Granite (NYSE:GVA), a construction company with a market capitalization of $4.76 billion and “GREAT” financial health according to InvestingPro metrics, has been awarded a $39 million contract by the U.S. Army Corps of Engineers (USACE) for construction of Reach 6 of the Pajaro River Flood Risk Management Project, according to a press release statement.
The contract involves work along Corralitos Creek, a tributary of the Pajaro River Levee System in Watsonville, Santa Cruz County. This represents the first of five planned reaches in the broader flood management initiative. More
