Shimmick Announces New Contracts in California and Washington
Shimmick Corporation (Nasdaq: SHIM) has secured two significant infrastructure contracts totaling $78 million in California and Washington. The company will undertake the $29.6 million Santa Monica Pier Bridge Replacement Project, replacing the 85-year-old Colorado Avenue Bridge with completion scheduled before the 2028 Olympics.
Additionally, Shimmick has been awarded a $48.2 million contract from Sound Transit for the Renton Transit Center project in Washington, which includes construction of a modern transit center with eight bus bays, Battery Electric Bus infrastructure, and dedicated bus lanes.
Shimmick Corporation (Nasdaq: SHIM) ha ottenuto due importanti contratti infrastrutturali per un totale di 78 milioni di dollari in California e nello stato di Washington. L'azienda realizzerà il progetto di sostituzione del Ponte del Santa Monica Pier dal valore di 29,6 milioni di dollari, sostituendo il ponte Colorado Avenue di 85 anni; la consegna è prevista prima delle Olimpiadi del 2028.
Inoltre, Shimmick ha ricevuto un contratto da 48,2 milioni di dollari da Sound Transit per il progetto Renton Transit Center nello Stato di Washington, che prevede la costruzione di un moderno centro di trasporto con otto banchine per autobus, infrastrutture per autobus elettrici a batteria e corsie dedicate agli autobus.
Shimmick Corporation (Nasdaq: SHIM) ha asegurado dos contratos importantes de infraestructura por un total de 78 millones de dólares en California y Washington. La empresa llevará a cabo el proyecto de reemplazo del Puente del Santa Monica Pier por 29,6 millones de dólares, reemplazando el Puente Colorado Avenue de 85 años, con finalización prevista antes de los Juegos Olímpicos de 2028.
Además, Shimmick ha recibido un contrato de 48,2 millones de dólares de Sound Transit para el proyecto Renton Transit Center en Washington, que incluye la construcción de un moderno centro de tránsito con ocho bahías de autobús, infraestructura para autobuses eléctricos con batería y carriles dedicados para autobuses.
Shimmick Corporation (Nasdaq: SHIM)은 캘리포니아주와 워싱턴주에서 총 7,800만 달러의 두 건의 주요 인프라 계약을 체결했습니다. 회사는 산타 모니카 피어 다리 교체 프로젝트에 해당하는 29.6백만 달러를 수행하며, 85년 된 Colorado Avenue 다리를 교체하고 2028년 올림픽 이전에 완공될 예정입니다.
또한 Shimmick은 워싱턴주 Renton Transit Center 프로젝트에 대해 Sound Transit으로부터 4,820만 달러의 계약을 체결했으며, 여기에는 8개의 버스 차로를 갖춘 현대적 교통 센터, 배터리 전기 버스 인프라, 전용 버스 차선이 포함됩니다.
Shimmick Corporation (Nasdaq: SHIM) a obtenu deux importants contrats d'infrastructure pour un montant total de 78 millions de dollars en Californie et dans l'État de Washington. L'entreprise entreprendra le projet de remplacement du Santa Monica Pier Bridge pour 29,6 millions de dollars, en remplaçant le pont Colorado Avenue âgé de 85 ans, avec une finition prévue avant les Jeux Olympiques de 2028.
De plus, Shimmick a reçu un contrat de 48,2 millions de dollars de Sound Transit pour le projet du Renton Transit Center dans l'État de Washington, qui comprend la construction d'un centre de transit moderne avec huit bascules de bus, une infrastructure pour bus électriques à batterie et des voies dédiées aux bus.
Shimmick Corporation (Nasdaq: SHIM) hat zwei bedeutende Infrastrukturverträge im Gesamtwert von 78 Mio. USD in Kalifornien und Washington gesichert. Das Unternehmen wird das Santa Monica Pier Bridge Replacement Project im Wert von 29,6 Mio. USD durchführen und die 85 Jahre alte Colorado Avenue Bridge ersetzen; der Abschluss ist vor den Olympischen Spielen 2028 vorgesehen.
Zusätzlich erhielt Shimmick einen Vertrag über 48,2 Mio. USD von Sound Transit für das Projekt Renton Transit Center in Washington, das den Bau eines modernen Transitzentrums mit acht Bussteigen, einer Battery Electric Bus-Infrastruktur und eigens Busspuren umfasst.
Shimmick Corporation (Nasdaq: SHIM) قد أمنت عقدين مهمين للبنية التحتية بإجمالي 78 مليون دولار في كاليفورنيا وواشنطن. ستقوم الشركة بتنفيذ مشروع استبدال جسر Santa Monica Pier بقيمة 29.6 مليون دولار، واستبدال الجسر القديم Colorado Avenue البالغ عمره 85 عامًا، ومن المقرر اكتماله قبل الألعاب الأولمبية في 2028.
بالإضافة إلى ذلك، حصلت Shimmick على عقد من Sound Transit بقيمة 48.2 مليون دولار لمشروع Renton Transit Center في واشنطن، والذي يشمل بناء مركز نقل حديث بثمانية منصات حافلات، وبنية تحتية للباصات الكهربائية البطارية، ومسارات حافلات مخصصة.
Shimmick Corporation（纳斯达克股票代码：SHIM） 已在加利福尼亚州和华盛顿州获得两项总额为 7800 万美元 的重大基础设施合同。公司将实施价值 2960 万美元 的 Santa Monica Pier 桥梁更换项目，替换已有 85 年历史的 Colorado Avenue 桥，预计在 2028 年奥运会前完成。
此外，Shimmick 已从 Sound Transit 获得华盛顿 Renton Transit Center 项目价值 4820 万美元 的合同，该项目包括建设一个现代化的公共交通中心，设有八个公交车站、用于电池电动公交的基础设施和专用公交车道。
- Secured two major contracts totaling $78 million, expanding West Coast presence
- Strategic timing of Santa Monica project completion before 2028 Olympics
- Advancing sustainable infrastructure with Battery Electric Bus capabilities in Renton project
- Strengthening relationship with Sound Transit through repeat business
- 22-month construction timeline for Santa Monica project may impact tourist access to pier
- Complex project execution required while preserving historical assets
Insights
Shimmick secures $78M in strategic infrastructure contracts, strengthening West Coast presence ahead of LA 2028 Olympics.
Shimmick's announcement of
The timing of these wins is strategically significant. The Santa Monica project's scheduled completion before the 2028 LA Olympics positions Shimmick to showcase their work during a global event, potentially leading to future high-profile opportunities. This project also marks Shimmick's first partnership with Santa Monica, expanding their municipal client base in Southern California.
The Renton Transit Center demonstrates Shimmick's ability to secure repeat business with major transit authorities and shows their alignment with the growing sustainable transportation sector through the Battery Electric Bus infrastructure components. The eight-bay transit center and dedicated bus lane improvements address regional congestion issues while creating steady, predictable revenue over the project lifecycle.
These contracts reflect Shimmick's strategic positioning in resilient infrastructure categories—transportation connectivity and landmark preservation—that tend to receive funding priority regardless of economic cycles. With project timelines extending through 2027-2028, these wins provide enhanced revenue visibility for investors while expanding Shimmick's West Coast market presence.
Approximately
IRVINE, Calif., Sept. 16, 2025 (GLOBE NEWSWIRE) -- Shimmick Corporation (“Shimmick” or the “Company”) (Nasdaq: SHIM), a national leader in complex infrastructure solutions, has been selected for award on two new contracts that highlight its expertise in delivering critical transportation projects: the Santa Monica Pier Bridge Replacement Project in California and the Renton Transit Center Project in Washington.
Together, these projects reinforce Shimmick’s leadership in building resilient, sustainable infrastructure that enhances community mobility, safeguards historic landmarks, and supports regional growth ahead of global events like the 2028 Los Angeles Summer Olympics.
“These two projects reflect the breadth of Shimmick’s expertise — from preserving access to one of the nation’s most iconic landmarks to building modern transit systems that support sustainable mobility,” said Ural Yal, CEO of Shimmick. “We are honored to partner with the City of Santa Monica for the first time and with Sound Transit again to deliver projects that not only improve safety and connectivity but also create lasting value for communities.”
Santa Monica Pier Bridge Replacement
Shimmick was selected for the
Renton Transit Center
This
About Shimmick
Shimmick (NASDAQ: SHIM) is an industry leader in delivering turnkey infrastructure solutions that strengthen critical markets across water, energy, climate resiliency, and sustainable transportation. We integrate technical excellence with collaborative project delivery methods to provide innovative, technology-driven infrastructure solutions that accelerate economic growth and empower communities nationwide. With a track record that spans over a century, Shimmick, headquartered in California, unites deep engineering heritage with entrepreneurial spirit to tackle today's most complex infrastructure challenges. For more information, visit shimmick.com.
Investor Relations:
IR@shimmick.com
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Media Contact:
Tonya Sandman
tonya.sandman@shimmick.com
FAQ
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