Smith-Midland Secures $2.2M Contract for Newport News Navy Project

A new $2.2 million Navy-related project extends Smith-Midland’s mission-critical precast work and adds scheduled production starting in late 2026.

Rhea-AI Summary

Smith-Midland (SMID) has secured a $2.2 million contract to manufacture and supply SlenderWall® architectural precast panels, precast components, and stair systems for a new operations and office facility at Newport News Shipbuilding in Newport News, Virginia.

The facility will support U.S. Navy aircraft carrier inactivation programs and provide operational headquarters and workspace for shipbuilders and naval personnel. Smith-Midland will produce the precast products at its Midland, Virginia plant, with production scheduled to begin in October 2026 and installation expected to start in November 2026. The company states that the project reinforces its strategy to expand in mission-critical, government, and industrial construction markets.

Positive

• $2.2 million contract for SlenderWall and precast systems at Newport News Shipbuilding
• Project production start and installation scheduled for October–November 2026
• Contract supports expansion in mission-critical, government, and industrial construction markets

Negative

• None.

Market Context

The prior -6.99% 24-hour reaction to an August 26 government contract was directly comparable becaus...

Analysis

The prior -6.99% 24-hour reaction to an August 26 government contract was directly comparable because it also involved SlenderWall and a federal facility.

Key Figures

Contract value: $2.2 million Production start: October 2026 Installation start: November 2026

Contract value

$2.2 million

Newport News Shipbuilding operations and office facility

Production start

October 2026

Scheduled manufacturing at the Midland, Virginia facility

Installation start

November 2026

Expected installation for the Newport News project

Historical Context

1 past event · Latest: Aug 26

1 event

1. Aug 26

   Government contract

   24h Move

   -7.0%

   Comparable SlenderWall contract for a U.S. Coast Guard clinic and visitors center

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

architectural precast panels, acid-etched, prefabricated construction

3 terms

architectural precast panels technical

"architectural precast panels, architectural precast components"

Architectural precast panels are factory-made concrete wall or façade elements cast in molds with finished surfaces, colors, textures, insulation or embedded openings, then shipped to a construction site for bolting or setting into place. Investors care because they are a standardized building-product sold into commercial and residential construction projects, so demand, production capacity, material and transport costs, and project timelines directly affect sales, margins and cash flow—akin to selling large, finished LEGO pieces for buildings.

acid-etched technical

"a custom color design and an acid-etched architectural surface"

A surface-treatment process that uses a controlled chemical (acid) bath to remove a thin layer of material and create microscopic roughness or texture. Investors care because acid-etched surfaces can change how parts bond, resist wear, or interact with coatings and biological tissue—properties that affect product performance, manufacturing costs, regulatory approval, and resale value in industries such as medical devices, semiconductors, and specialty manufacturing.

prefabricated construction technical

"the speed and efficiency of prefabricated construction"

Construction in which building elements—such as walls, floors, roof sections, or entire rooms—are manufactured offsite in a factory and then transported to and assembled at the final location. Like building with large, made-to-fit Lego pieces instead of shaping everything onsite, this method can shorten schedules, standardize quality, and change cost, delivery and operational risk profiles that affect a project's budget, margins and scalability for companies and investors.

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MIDLAND, VA / ACCESS Newswire / September 15, 2026 / Smith-Midland Corporation (NASDAQ:SMID), a leading manufacturer of innovative precast concrete products for transportation, infrastructure, and building construction, has secured a $2.2 million contract to manufacture and supply SlenderWall^® architectural precast panels, architectural precast components, and precast stair systems for a new operations and office facility at Newport News Shipbuilding in Newport News, Virginia.

The award further strengthens Smith-Midland's position in the architectural precast market while expanding its portfolio of projects serving government, industrial, and mission-critical infrastructure. By manufacturing the project at its Virginia facility, the company continues to leverage its regional production capabilities to deliver high-quality precast solutions throughout the Mid-Atlantic.

"This contract demonstrates the value of delivering complete precast solutions for facilities where durability, performance, and construction efficiency are essential," said Matthew Smith, Vice President of Sales and Marketing for Smith-Midland Corporation. "We're proud to support Hourigan Construction and Newport News Shipbuilding on a facility that will play an important role in supporting the U.S. Navy. Projects like this reinforce Smith-Midland's long-term strategy of expanding our presence in mission-critical, government, and industrial construction while showcasing the versatility and performance of our SlenderWall^® and architectural precast systems."

The project features SlenderWall^® insulated architectural precast panels fabricated with a custom color design and an acid-etched architectural surface, delivering a durable, low-maintenance exterior while offering the speed and efficiency of prefabricated construction. Smith-Midland will also manufacture architectural precast elements, including precast stair towers and stair risers, providing an integrated solution that helps streamline construction while maintaining high-quality craftsmanship.

The new facility will support U.S. Navy aircraft carrier inactivation programs, providing a dedicated operational headquarters and workspace for shipbuilders and naval personnel responsible for one of the nation's most critical defense missions. Working with Hourigan Construction, Smith-Midland will manufacture the precast products at its Midland, Virginia, facility, with production scheduled to begin in October 2026 and installation expected to commence in November 2026.

About Smith-Midland Corporation

Smith-Midland develops, manufactures, licenses, rents, and sells a broad array of precast concrete products for use primarily in the construction, transportation, and utility industries.

Smith-Midland Corporation has three manufacturing facilities in: Midland, VA, Reidsville, NC, and Columbia, SC, and a J-J Hooks^® Safety Barrier rental firm, Concrete Safety Systems. Easi-Set Worldwide, a wholly owned subsidiary of Smith-Midland Corporation, licenses the production and sale of Easi-Set products, including J-J Hooks and SlenderWall^®, and provides diversification opportunities to the precast industry worldwide. For more information, please call (540) 439-3266 or visit www.smithmidland.com.

Forward-Looking Statements

This announcement contains forward-looking statements, which involve risks and uncertainties. The Company's actual results may differ significantly from those discussed in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, product demand, the impact of competitive products and pricing, capacity and supply constraints or difficulties, the uncertainties arising from the policies of the government, the risk of less government spending on infrastructure than anticipated, inflationary factors including potential recession, our material weaknesses in internal controls, cyber security risks, general business and economic conditions, our high level of accounts receivables, the effect of the Company's accounting policies and other risks detailed in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.

Media Inquiries:
Sarah Crandall
scrandall@midlandadvertising.com
(540) 439-8056

Sales Inquiries:
info@smithmidland.com
(540) 439-3266

Investor Relations:
Steven Hooser or John Beisler
Three Part Advisors, LLC
shooser@threepa.com
jbeisler@threepa.com
(214) 872-2710

SOURCE: Smith-Midland

View the original press release on ACCESS Newswire

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What specific precast products will Smith-Midland supply for the Newport News Navy project?

Smith-Midland will supply SlenderWall® insulated architectural precast panels with a custom color design and acid-etched surface, as well as architectural precast components including precast stair towers and stair risers. The company describes this as an integrated precast solution aimed at streamlining construction while maintaining high-quality craftsmanship.

What role will the new Newport News facility serve for the U.S. Navy?

The new operations and office facility at Newport News Shipbuilding is expected to support U.S. Navy aircraft carrier inactivation programs. It will provide a dedicated operational headquarters and workspace for shipbuilders and naval personnel involved in these defense missions.

Where will the contract work be manufactured and when will activity begin?

All precast products for this contract will be manufactured at Smith-Midland’s Midland, Virginia facility. Production is scheduled to begin in October 2026, and installation is expected to commence in November 2026, in coordination with Hourigan Construction.