Granite Awarded $19 Million Runway Repair at Cannon AFB

Rhea-AI Summary

Granite (NYSE:GVA) has secured a $19 million contract for a runway repair project at Cannon Air Force Base from the U.S. Army Corps of Engineers. This project includes a mill and asphalt overlay, new runway shoulders, and installation of various lighting systems. Work is set to start in November 2021 and finish by July 2022. This contract marks a significant achievement for Granite, reinforcing its presence in the Southwest and enhancing its portfolio in military airfield projects.

Positive

• Awarded a $19 million contract for runway repairs at Cannon Air Force Base.
• Enhances Granite's military airfield project portfolio.
• Strategic win for regional operations in the Southwest.

Negative

• None.

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite (NYSE:GVA) announced the award of a runway repair project at Cannon Air Force Base (AFB) by the Albuquerque District of the U.S. Army Corps of Engineers (USACE). Located in Curry County, on New Mexico’s high eastern plains, Cannon AFB is home to units of the Air Force Special Operations Command. The $19 million contract is anticipated to be included in Granite’s fourth quarter committed and awarded projects (CAP).

Granite’s scope of work consists of a four-inch-deep mill and asphalt concrete overlay of Runway 13/31, the construction of new 25-foot shoulders along the entire 1.5-mile runway, installation of runway lighting, threshold lighting, and a counterpoise system. Additional work includes the improvement of the site subbase, grading for drainage, and painting airfield markings.

“This contract affirms our position in the Southwest,” said Curt Haldeman, Granite vice president of regional operations. “It represents a strategic win for our team by bolstering our military airfield resume and emphasizing our ability to provide work at best value.”

The project is expected to begin in November of 2021 and be complete in July of 2022.

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 provider in the transportation, water infrastructure, and mineral exploration markets. 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 graniteconstruction.com, and connect with Granite on LinkedIn, Twitter, Facebook, and Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211019006084/en/

Granite Contacts

Media

Erin Kuhlman 831-768-4111

Investors

Wenjun Xu - 831-761-7861

Source: Granite

FAQ

What is the value of Granite's new contract for Cannon Air Force Base?

The contract awarded to Granite for Cannon Air Force Base is valued at $19 million.

When will the runway repair project at Cannon Air Force Base start?

The runway repair project at Cannon Air Force Base is expected to begin in November 2021.

When is the completion date for the Cannon Air Force Base project?

The project at Cannon Air Force Base is set to be completed by July 2022.

Which organization awarded the contract to Granite?

The contract was awarded by the U.S. Army Corps of Engineers.

What type of work will Granite perform at Cannon Air Force Base?

Granite will perform mill and asphalt overlay, construct new shoulders, and install lighting systems at the runway.