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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InGranite (NYSE: GVA) has been awarded a substantial $495 million contract by U.S. Customs and Border Protection for the LRT-4 Webb - Zapata project in Texas. The comprehensive project involves constructing 27 miles of tactical infrastructure, including roads, seven bridges, security fencing, and advanced technological installations. Work is scheduled to commence in April 2026, with a targeted completion date set for July 2027. This contract represents a significant addition to Granite's federal project backlog, providing clear revenue visibility for the 2026 and 2027 fiscal years. The award underscores the company's strong competitive position in securing large-scale government infrastructure mandates. Investors view this development as a positive driver for the company's long-term growth and operational stability.