CAV To Build 2000 Homes for FEMA
- Boeing drives S&P, Dow futures higher after Omicron drubbing
- Apple (AAPL) Tells Suppliers iPhone Demand Slowing as Holidays Near - Bloomberg
- Boeing (BA) Stock Gains as China Aviation Authority Paves Way for 737 MAX Return
- Snowflake (SNOW) Stock Surges on Strong Sales and Outlook, Analysts Bulled-up
- Apple (AAPL): Wedbush Assigns a New Street-High $200 Price Target Despite Bloomberg Report Suggesting Slowing iPhone 13 Demand
Cavalier Homes, Inc. (Amex: CAV) entered into an agreement, effective today, with Georgia-based Circle B Enterprises, Inc. to build homes for delivery to the Federal Emergency Management Agency (FEMA) as part of that agency's disaster relief for the Gulf Coast states recently hit by Hurricane Katrina. Under the agreement, Cavalier will build approximately 2,000 single-section homes, which will generate revenue estimated in the range of $58 million to $63 million, depending on delivery locations. The Company will supply these homes from its plants in Georgia, Alabama and North Carolina, with deliveries expected to begin within two weeks and being fully completed by December 2005.
You May Also Be Interested In
- BrightSpire Capital, Inc. (BRSP) Appoints Catherine Long to its Board
- Onconova Therapeutics (ONTX) Announces the Presentation of Preliminary Clinical Data Providing Evidence of Rigosertib’s Activity in RDEB-associated Squamous Cell Carcinoma
- Norfolk Southern (NSC) Chairman and CEO James A. Squires plans to retire on May 1, Alan H. Shaw will become CEO
Create E-mail Alert Related CategoriesCorporate News
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!