STRR - Star Equity's KBS Builders bags $2.2M contract for classrooms in Vermont stock up 11%
2023-04-28 09:14:05 ET
- Star Equity's ( NASDAQ: STRR ) KBS Builders business has signed a $2.2M contract to manufacture 24 modules for the construction of classrooms for two schools in the South Burlington School District in Burlington, Vermont.
- Rick Coleman, CEO, noted, “This high-impact project for the City of Burlington is an excellent showcase for the versatility of the KBS product as well as the general benefits of modular construction. With production beginning immediately, KBS’s advanced construction methodology will minimize the impact to the schools’ operations, allowing for work to commence when schools close for summer break and conclude prior to their fall reopening. I’m proud of the progress the KBS team continues to make on expanding its market presence and bolstering its reputation as New England’s modular manufacturer of choice.”
- Stock price has surged about 11% after the news.
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Star Equity's KBS Builders bags $2.2M contract for classrooms in Vermont, stock up 11%