Loading the records…
Loading the records…
Granite Construction ($GVA) received a $32.4M modification to its contract for the Sacramento Weir Widening project, bringing the total to $239M. This represents about 0.93% of Granite's annual revenue and extends work through 2027, providing stable backlog for the heavy civil contractor.
Key takeaways, market implications, full AI analysis, and connected signals are available to HillSignal members.
Already have an account? Log in
This contract modification reinforces Granite Construction's position in the heavy civil infrastructure market. The Army Corps of Engineers' continued investment in water infrastructure projects benefits contractors like $GVA. While the modification is not transformative, it contributes to a stable backlog and supports revenue visibility through 2027. Investors may view this as a positive signal for Granite's execution on large projects.
The U.S. Army Corps of Engineers awarded Granite Construction Co. Inc. a $32,368,584 modification (P00015) to contract W91238-23-C-0014 for construction of a new northern abutment to the Sacramento Weir Widening project. This modification addresses unforeseen geotechnical conditions and related engineering changes, bringing the total cumulative face value to $239,133,774. Work will be performed in West Sacramento, California, with an estimated completion date of Nov. 29, 2027. Fiscal 2027 civil construction funds were obligated at the time of the award.
Granite Construction Inc. (ticker: $GVA) is the publicly traded parent company and direct recipient. With annual revenue of $3.5B (FY2025), this modification adds $32.4M to its backlog, representing approximately 0.93% of revenue. The total contract value of $239M is about 6.8% of annual revenue, making it a meaningful but not transformative project for the company. Granite is a leading heavy civil contractor, and this project aligns with its core business of large infrastructure projects.
No direct legislative connection was identified among the related bill signals. The contract is funded through existing civil construction appropriations. However, the broader infrastructure spending environment remains supportive, with continued investment in water infrastructure by the Army Corps of Engineers.
Supply chain beneficiaries may include subcontractors and material suppliers for concrete, earthwork, and engineering services. Companies like Vulcan Materials ($VMC) for aggregates and Martin Marietta ($MLM) for construction materials could see downstream demand, though the impact is diffuse.
Historically, large civil works contracts provide stable, multi-year revenue for contractors like Granite. Similar awards have contributed to consistent backlog and revenue visibility, supporting steady performance in the heavy civil construction sector.
Cross-referenced against federal contracts, SEC insider filings & congressional trade disclosures
No confirming evidence found yet from contracts, insider trades, or congressional activity
What the bill does
Direct contract award modification for construction of northern abutment to Sacramento Weir Widening project.
Who must act
U.S. Army Corps of Engineers (awarding agency) and Granite Construction Co. Inc. (recipient)
What happens
$32,368,584 added to contract, bringing total to $239,133,774. This modification represents approximately 0.93% of Granite's annual revenue ($3.5B), and the total contract is about 6.8% of annual revenue.
Stock impact
Granite Construction is the prime contractor for this large civil infrastructure project. The modification addresses unforeseen geotechnical conditions, indicating project progression and strengthening Granite's backlog. The work extends to November 2027, providing multi-year revenue visibility. Granite's heavy civil construction segment will benefit directly.
Matched on shared policy language across AI analyses, with ticker & timing weight
GRANITE CONSTRUCTION COMPANY: $515M Department of Homeland Security Contract
GRANITE CONSTRUCTION COMPANY: $199M Department of Homeland Security Contract
Executive orders & memoranda affecting the same sectors or companies
The President invokes Section 232 of the Trade Expansion Act to declare that imports of robotics, industrial machinery, and their components threaten national security, and directs the Secretary of Commerce and USTR to negotiate agreements with trading partners to adjust these imports, potentially leading to tariffs or quotas within 180 days.
This proclamation initiates negotiations to adjust imports of wind turbines and their components under Section 232, citing national security concerns including cybersecurity vulnerabilities, radar interference, and grid reliability. It does not immediately impose tariffs but sets the stage for potential trade restrictions, and notes that certain wind turbine components made of aluminum, steel, or copper are already subject to existing tariffs.
This Presidential Memorandum directs the Office of Management and Budget, the U.S. Trade Representative, and other federal agencies to identify and remove Canadian-origin items from federal civil procurement where possible, citing Canada's 'Buy Canadian' policies as discriminatory. It also requires agencies to be notified of domestic alternatives and mandates ongoing monitoring of Canada's procurement practices, with provisions for restoring access if Canada changes its policies.
Recipient
Granite Construction Co. Inc.
Award Amount
$32,368,584
Awarding Agency
Department of Defense
Sub-Agency
ARMY
Contract Type
DoD Contract Announcement
Free — no credit card
HillSignal scores every Congressional bill, federal contract, and insider filing for market impact and emails you the high-conviction ones — free, no credit card.
Weekly digest — the congressional activity that actually moved markets that week, in plain English. Free, one email.
Free forever plan · No credit card · Unsubscribe in one click
Want the live terminal too? Create a free account →