Granite Announces $42 Million P-928 Relay Ground Station Project in Guam

Rhea-AI Summary

Granite (NYSE:GVA) has secured a $42 million design-build contract from Naval Facilities Engineering Systems Command for the Relay Ground Station-Asia program at Naval Base Guam. The project involves constructing four structures, concrete foundations, and radar dome structures supporting the US Space Force's FORGE system for missile warning and defense. Design work began in September 2024, with construction scheduled from January 2025 to August 2026.

Positive

• Secured $42 million federal contract for military infrastructure
• Project already included in Q3 backlog
• Strategic positioning for future Guam Missile Defense System projects

Negative

• None.

Insights

Defense Industry Analyst

The $42 million RGS-A project represents a strategic win for Granite in the growing defense infrastructure sector. The contract strengthens Granite's position in military construction and specifically in the critical space defense domain. The project's integration into the FORGE system modernization initiative indicates potential for follow-on contracts, particularly with the broader Guam Missile Defense System development.

The backlog inclusion in Q3 and the 19-month construction timeline starting January 2025 provides solid revenue visibility through 2026. With increasing geopolitical tensions in the Indo-Pacific region, this contract positions Granite favorably for future defense infrastructure projects. The technical complexity of radar installations and specialized foundations demonstrates Granite's advanced capabilities in mission-critical military construction.

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite (NYSE:GVA) announced an approximately $42 million design-build contract by Naval Facilities Engineering Systems Command (NAVFAC) for a sitework and infrastructure project related to the Relay Ground Station-Asia (RGS-A) program at Naval Base Guam. Project funding is to come from federal sources and was included in Granite’s third-quarter backlog.

The project scope involves constructing four structures, multiple concrete foundations, and radar dome structures in support of the governments RGS-A program for the US space force. The RGS-A program is part of the U.S. Space Force's mission to update existing missile warning and missile defense systems with the Future Operationally Resilient Ground Evolution (FORGE) system.

“The project offers a chance to work with a strong existing client and build a strategic relationship for future projects within the planned Guam Missile Defense System,” said Curt Haldeman, Granite Vice President of Regional Operations.

Design began in September 2024, with construction expected to start January 2025 and be completed in August 2026.

Watch this video to learn more about our people and projects in Guam: Watch Now

About Granite

Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite civil construction provider. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit the Granite website, graniteconstruction.com, and connect with Granite on LinkedIn, X, Facebook, and Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241030615380/en/

Media

Erin Kuhlman 831-768-4111

Investors

Wenjun Xu - 831-761-7861

Source: Granite

FAQ

What is the value of Granite's (GVA) new Guam contract?

Granite (GVA) secured a $42 million design-build contract for the Relay Ground Station-Asia project at Naval Base Guam.

When will Granite (GVA) begin construction on the Guam RGS-A project?

Construction is scheduled to begin in January 2025 and complete in August 2026, with design work starting September 2024.

What is the scope of Granite's (GVA) RGS-A project in Guam?

The project includes construction of four structures, multiple concrete foundations, and radar dome structures supporting the US Space Force's FORGE missile warning system.