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WATSONVILLE, Calif., September 29, 2026--Granite (NYSE:GVA) announced today that the GO3JV joint venture has been awarded a new task order under the Guam Multiple Award Construction Contract (MACC). The project will construct key components of the Guam Defense System (GDS) Forward Operating Sites on Guam for the Naval Facilities Engineering Systems Command (NAVFAC). The task order is valued at approximately $165 million and will be included in third quarter CAP.
Granite Construction has seen its share price climb sharply over the past few years. This naturally raises a sharper question for you as an investor. Is the current US$110.93 price still in line with what the business can generate in cash over time, based on a Discounted Cash Flow (DCF) view of its operations? Granite Construction has delivered a roughly 196.0% gain over the past 3 years, which puts a lot of weight on whether its cash generation can keep backing that kind of share price...
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Granite Construction (GVA) has joined Plug and Play Tech Center's Real Estate & Construction program in Silicon Valley, giving the infrastructure contractor direct exposure to startups focused on new approaches to planning, building, and maintaining projects. Recent trading has been choppy for Granite Construction, with the share price down 8.52% over the past month and 28.09% over 90 days. At the same time, the 1-year total shareholder return is 3.80% and the 3-year total shareholder return...
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