GVA Granite Construction Incorporated

Granite Awarded $89M Subcontract for United Airlines Terminal B Airside Transformation Program

(NYSE:GVA) is pleased to announce that it has been awarded an $89 million subcontract by United Airlines and Manhattan Construction as part of the overall United Airlines Terminal B Airside Transformation program, a $2 billion initiative funded by United Airlines and the City of Houston (Houston Airport System). The project will be included in Granite’s second-quarter CAP.

Under this program, the north and south concourses of Terminal B at George Bush Intercontinental Airport (IAH), one of the airport’s oldest terminals, will be renovated. Granite’s scope of work includes the demolition and reconstruction of the existing north concrete apron. This will pave the way for the construction of a new terminal that will accommodate more gates and provide updated amenities for travelers.

The project involves approximately 126,000 SY of demolition, 154,000 SY of concrete paving for the new apron and service roads, and associated earthwork, utility coordination, and drainage work.

“Granite has a successful history of providing crucial infrastructure projects that enhance connectivity and create opportunities for businesses in the Houston area,” said Domingo Gonzalez, Granite Area Manager. “Our team is proud to be part of the project delivering important enhancements to IAH’s Terminal B, which will benefit millions of travelers in the coming years.”

Nick Godkin, Granite Construction Manager, added, “Concrete paving is a scope of work Granite’s Houston area team does very well. With more than 154,000 SY of paving reconstruction, our team will help transform this important infrastructure project on the north side of Houston.”

This project is part of Granite’s strategic plan to diversify the Texas Region’s portfolio. It supports Granite’s continued efforts to increase its operational presence in the greater Houston area and further establish Houston as a Home Market for the Texas Region.

The project is anticipated to begin in Summer 2024 and is expected to be completed in April 2026.

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, , and connect with Granite on , , , and .

EN
22/05/2024

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Reports on Granite Construction Incorporated

 PRESS RELEASE

Granite Embarks on Rehabilitation Project Near Stratford, California

WATSONVILLE, Calif.--(BUSINESS WIRE)-- (NYSE:GVA) has been awarded an approximately $15 million contract by the California Department of Transportation (Caltrans) to rehabilitate pavement along State Route 41 (SR41) near Stratford, California. Project funding comes from Caltrans and will be included in Granite’s second-quarter CAP. This project aims to rehabilitate the pavement, providing a smoother ride and reducing maintenance demands. The rehabilitation will involve removing and replacing failed pavement areas with 49,400 tons of Hot Mix Asphalt (HMA) and then placing a surface course of...

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Granite and Port of Woodland Sign Historic Long-Term Lease Agreement f...

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Granite Construction Incorporated Announces Closing of $325 Million of...

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite Construction Incorporated (NYSE: GVA) (“Granite”) today announced that it has closed its offering of $373.75 million aggregate principal amount of 3.25% Convertible Senior Notes due 2030 (the “Convertible Notes”) for gross proceeds of $373.75 million. The proceeds include the full exercise of the option by the initial purchasers to purchase an additional $48.75 million aggregate principal amount of the Convertible Notes granted by Granite to the initial purchasers. The Convertible Notes were sold in a private offering to persons reasonably believe...

 PRESS RELEASE

Carlos Hernandez Joins Granite’s Board of Directors

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite’s (NYSE:GVA) board of directors has appointed Carlos M. Hernandez as a director of the company, effective June 5, 2024. Mr. Hernandez brings decades of industry experience as the former chief executive officer of Fluor Corporation, the Irving, Texas-based engineering and construction firm. His career has included work in manufacturing, procurement, and engineering, with particular expertise in safety and environmental issues, governance, compliance, risk management, and law. He joined Fluor in 2007 as chief legal officer, later serving as CEO fr...

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Granite Construction Incorporated Prices $325 Million Convertible Seni...

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite Construction Incorporated (NYSE: GVA) (“Granite”) today announced the pricing of its previously announced offering of $325 million aggregate principal amount of 3.25% Convertible Senior Notes due 2030 (the “Convertible Notes”). In connection with the offering of the Convertible Notes, Granite granted the initial purchasers of the Convertible Notes the right to purchase up to an additional $48.75 million aggregate principal amount of Convertible Notes. The sale of the Convertible Notes is expected to close on June 11, 2024, subject to customary clo...

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