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Granite Awarded $113 Million Contract to Further Support U.S. Marines Relocation

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Granite (NYSE: GVA) and Obayashi , under the Granite-Obayashi 2 Joint Venture, have been awarded a $113 million contract to construct new facilities at Marine Corps Base Camp Blaz (MCCB) in Guam. The project, funded by the Department of Defense's Military Construction, will support the Marine Expeditionary Force 9th Engineer Support Battalion.

The contract includes building low-rise facilities with reinforced concrete structures, such as an auto organization shop, electrical/communications maintenance shop, organic storage, vehicle wash rack, and vehicle laydown area. This marks Granite's second major facilities initiative at MCCB, reinforcing their role in supporting the U.S. Marine Corps' strategic objectives in the Pacific region.

The project is scheduled to begin in October 2024 and be completed in January 2027.

Granite (NYSE: GVA) e Obayashi, sotto la joint venture Granite-Obayashi 2, hanno ricevuto un contratto di 113 milioni di dollari per costruire nuove strutture presso la Marine Corps Base Camp Blaz (MCCB) a Guam. Il progetto, finanziato dal Dipartimento della Difesa tramite il Military Construction, supporterà il 9° Battaglione di Supporto Ingegneristico della Forza di Spedizione dei Marines.

Il contratto include la costruzione di strutture a basso fabbricato con strutture in calcestruzzo armato, come un'officina per l'organizzazione dei veicoli, un'officina di manutenzione elettrica/comunicazioni, magazzino organico, autolavaggio per veicoli e area di stazionamento dei veicoli. Questo rappresenta la seconda grande iniziativa per le strutture di Granite presso MCCB, rafforzando il loro ruolo nel supportare gli obiettivi strategici dei Marine degli Stati Uniti nella regione del Pacifico.

Il progetto è programmato per iniziare a ottobre 2024 e sarà completato a gennaio 2027.

Granite (NYSE: GVA) y Obayashi, bajo la Asociación Conjunta Granite-Obayashi 2, han recibido un contrato de 113 millones de dólares para construir nuevas instalaciones en la Base del Cuerpo de Marines Camp Blaz (MCCB) en Guam. El proyecto, financiado por la Construcción Militar del Departamento de Defensa, apoyará al 9° Batallón de Apoyo de Ingenieros de la Fuerza de Expedición de Marines.

El contrato incluye la construcción de instalaciones de bajo nivel con estructuras de concreto reforzado, como un taller de organización de vehículos, un taller de mantenimiento eléctrico/comunicaciones, almacenamiento orgánico, un área de lavado de vehículos y un área de estacionamiento de vehículos. Esta es la segunda gran iniciativa de instalaciones de Granite en MCCB, reforzando su papel en el apoyo a los objetivos estratégicos del Cuerpo de Marines de EE. UU. en la región del Pacífico.

El proyecto está programado para comenzar en octubre de 2024 y estar completado en enero de 2027.

Granite (NYSE: GVA)와 Obayashi는 Granite-Obayashi 2 합작 회사 하에 괌의 해병대 기지 캠프 블라즈(MCCB)에서 새로운 시설을 건설하기 위해 1억 1,300만 달러 계약을 체결했습니다. 이 프로젝트는 국방부의 군사 건설 자금으로 지원되며, 해병 원정군 제9공병 지원 대대를 지원합니다.

계약에는 콘크리트 구조물로 된 저층 시설 건설이 포함되어 있으며, 차량 조직 작업장, 전기/통신 유지보수 작업장, 유기물 저장소, 차량 세척구역 및 차량 적재 구역이 포함됩니다. 이는 MCCB에서 Granite의 두 번째 주요 시설 이니셔티브로, 태평양 지역에서 미국 해병대의 전략적 목표를 지원하는 역할을 강화합니다.

프로젝트는 2024년 10월시작되고 2027년 1월에 완료될 예정입니다.

Granite (NYSE: GVA) et Obayashi, sous le partenariat Granite-Obayashi 2, ont remporté un contrat de 113 millions de dollars pour construire de nouvelles installations à la base des Marines Camp Blaz (MCCB) à Guam. Le projet, financé par la construction militaire du Département de la Défense, soutiendra le 9e bataillon de soutien d'ingénierie de la force d'expédition des Marines.

Le contrat comprend la construction de facilités à faible hauteur avec des structures en béton armé, telles qu'un atelier d'organisation automobile, un atelier de maintenance électrique/communications, un stockage organique, un espace de lavage de véhicules et une zone de stationnement de véhicules. Cela marque la deuxième grande initiative de Granite pour les installations au MCCB, renforçant leur rôle dans le soutien des objectifs stratégiques du Corps des Marines des États-Unis dans la région du Pacifique.

Le projet est prévu pour débuter en octobre 2024 et être achevé en janvier 2027.

Granite (NYSE: GVA) und Obayashi haben im Rahmen des Joint Ventures Granite-Obayashi 2 einen Vertrag über 113 Millionen Dollar erhalten, um neue Einrichtungen auf dem Marine Corps Base Camp Blaz (MCCB) in Guam zu errichten. Das Projekt, das vom Militärbau des Verteidigungsministeriums finanziert wird, unterstützt das 9. Ingenieurtross der Marine Expeditionary Force.

Der Vertrag umfasst den Bau von niedrigeren Einrichtungen mit verstärkten Betonstrukturen, wie z.B. einer Werkstatt für Fahrzeugorganisation, einer Elektro-/Kommunikationswartungswerkstatt, einem organischen Lager, einem Fahrzeugwaschplatz und einem Fahrzeugstellplatz. Dies stellt die zweite große Initiative von Granite für Einrichtungen am MCCB dar, was ihre Rolle bei der Unterstützung der strategischen Ziele des US Marine Corps in der Pazifikregion verstärkt.

Das Projekt ist für Oktober 2024 geplant und soll Januar 2027 abgeschlossen werden.

Positive
  • Awarded a significant $113 million contract
  • Strengthens partnership with NAVFAC Pacific
  • Reinforces Granite's role in supporting U.S. Marine Corps' strategic objectives
  • Contract to be included in Granite's third-quarter CAP
Negative
  • None.

Insights

This $113 million contract award to Granite-Obayashi 2 Joint Venture is a significant win for Granite (GVA). It reinforces the company's strong position in military construction projects, particularly in the strategic Pacific region. The contract's inclusion in Granite's Q3 CAP will likely boost investor confidence in the company's near-term growth prospects.

Key points to consider:

  • The project's scope, including multiple specialized facilities, showcases Granite's diverse construction capabilities.
  • This being the second major project at MCCB demonstrates Granite's ability to secure repeat business, a positive indicator of client satisfaction and project execution.
  • The contract's duration (October 2024 to January 2027) provides revenue visibility for the next few years, which is valuable for investors assessing long-term stability.
  • Granite's involvement in the U.S. Marine Corps' strategic realignment could lead to additional opportunities in the future as the DOD continues its Pacific pivot.

While positive, investors should note that large government contracts can be subject to delays or budget changes, which could impact project timelines and profitability. Overall, this contract strengthens Granite's order book and market position in a key sector.

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite (NYSE: GVA), in partnership with Obayashi Corporation under the Granite-Obayashi 2 Joint Venture, announced the award of an estimated $113 million contract to construct new facilities at Marine Corps Base Camp Blaz (MCCB). Project funding comes from the Department of Defense’s (DOD) Military Construction (MILCON) and will be included in Granite’s third-quarter CAP.

The contract involves the construction of low-rise facilities to support the Marine Expeditionary Force (MEF) 9th Engineer Support Battalion. The buildings will feature reinforced concrete structural frames, walls, floors, roofs, and shallow foundation systems. Key facilities to be constructed include an auto organization shop, electrical/communications maintenance shop, organic storage, vehicle wash rack, and vehicle laydown area.

This project marks the second major facilities initiative undertaken by Granite at MCCB, building on the company’s legacy as the primary constructor of the main cantonments for the new Marine Corps base. The transition to the buildout of base facilities underscores Granite’s commitment to supporting the U.S. Marine Corps’ strategic objectives in the Pacific region.

“We are honored to continue our partnership with NAVFAC Pacific on this critical mission,” said Curt Haldeman, Granite Vice President of Regional Operations. “This contract not only strengthens our relationship with NAVFAC Pacific but also reinforces our role as a key contributor to the successful realignment of Marines from Okinawa to Guam.”

The project is expected to begin in October 2024 and be completed in January 2027.

Granite recently released this video which highlights its current work on Guam for the Department of Defense https://www.youtube.com/watch?v=a0UxVKqlGLo.

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.

Granite Contacts

Media

Erin Kuhlman 831-768-4111

Investors

Wenjun Xu - 831-761-7861

Source: Granite

FAQ

What is the value of the contract awarded to Granite (GVA) for the Marine Corps Base Camp Blaz project?

Granite (GVA) was awarded a $113 million contract for the construction of new facilities at Marine Corps Base Camp Blaz (MCCB) in Guam.

When is the Marine Corps Base Camp Blaz (MCCB) project expected to begin and end?

The project at Marine Corps Base Camp Blaz (MCCB) is expected to begin in October 2024 and be completed in January 2027.

What types of facilities will Granite (GVA) construct at Marine Corps Base Camp Blaz?

Granite (GVA) will construct low-rise facilities including an auto organization shop, electrical/communications maintenance shop, organic storage, vehicle wash rack, and vehicle laydown area at Marine Corps Base Camp Blaz.

How does this contract impact Granite's (GVA) relationship with the U.S. Marine Corps?

This contract reinforces Granite's (GVA) role as a key contributor to the U.S. Marine Corps' strategic objectives in the Pacific region and strengthens its partnership with NAVFAC Pacific.

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