GVA Granite Construction Incorporated

Granite Continues Airfield Safety Enhancement Program at Tucson International Airport

(NYSE:GVA) announced today that it has been awarded an approximately $12 million dollar contract by the Tucson Airport Authority (TAA) as part of the TAA’s estimated $400 million, multi-year Airfield Safety Enhancement Program at Tucson International Airport (TUS). This will be the third Guaranteed Maximum Price (GMP 3) work package awarded as part of TAA’s previously announced $130 million multi-year Construction Manager at Risk (CMAR) project. The majority of funding will come from the Federal Aviation Administration (FAA) through the Airport Improvement Program, and the TAA will provide the requisite matching share.

GMP 3 will handle the demolition of Runway 11R/29L, a runway used primarily by General Aviation, followed by a new, reconstructed runway, 12/30, as part of GMP 4. The primary GMP 3 scope of work includes demolition, clearing and grubbing, earthwork, storm drain, and fencing.

Granite’s Swan Plant, located within five miles of the project, will provide approximately 3,700 tons of bedding sand for the storm drain on the initial package.

“Granite has been working consistently at Tucson International Airport for the past 10+ years and has built a solid reputation for its work product. We are the go-to contractor for airside civil work in a secure environment,” said Zach Thompson, Granite Area Manager. “Our safety record over the past year and a half has been exemplary with no air traffic incursions while reconstructing or constructing multiple taxiways and aprons.”

"What truly excites me about this project is that, when it is completed, the airfield safety enhancement project will meet current federal safety standards established by the FAA," said Danette Bewley, President and CEO of TAA. "In addition, the redundancy of the parallel runways will serve the Southern Arizona region well for decades to come."

This phase of the project is anticipated to begin November 2023 and expected to be completed April 2024.

Learn more about Granite’s aviation work here .

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 .

About Tucson Airport Authority

The Tucson Airport Authority (TAA) is an independent, non-profit organization with the responsibility to operate, manage and develop Tucson International Airport (TUS) and Ryan Airfield (RYN). The TAA receives no local tax dollars. It sustains operations from airport-generated revenues, like concessions, leases and landing fees. The TAA invests millions each year in safety, security, and customer service for the benefit of travelers, tenants, employees, and the entire Southern Arizona region. The airport system supports nearly 46,000 jobs and contributes to more than $8.3 billion in economic activity.

EN
02/11/2023

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Granite Construction Incorporated

Granite Construction Inc: 1 director

A director at Granite Construction Inc sold 22,999 shares at 80.833USD and the significance rating of the trade was 72/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two year...

 PRESS RELEASE

Granite Declares Quarterly Dividend

WATSONVILLE, Calif.--(BUSINESS WIRE)-- (NYSE:GVA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per common share. The dividend is payable on April 15, 2025, to all shareholders of record at the close of business on March 31, 2025. 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 ...

 PRESS RELEASE

Granite Earns its Fifth Consecutive Early Talent Award from Handshake

WATSONVILLE, Calif.--(BUSINESS WIRE)-- (NYSE:GVA) has secured Handshake’s Early Talent Award (ETA) for the fifth consecutive year. This annual award celebrates the best employers for individuals starting their careers. Granite is among a select group in its industry to be recognized out of over 900,000 employers using Handshake. The ETA highlights companies that excel in brand resonance, effective engagement (measured by unique clicks per message recipient), active participation in events like career fairs, and maintaining strong relationships with students through reciprocal messaging. Thes...

 PRESS RELEASE

Granite Joint Venture Team Awarded $97 Million Military Infrastructure...

WATSONVILLE, Calif.--(BUSINESS WIRE)-- (NYSE:GVA) announced today that the joint venture team comprised of Granite and Obayashi Corporation has been awarded an approximately $97 million contract by the Naval Facilities Engineering Command (NAVFAC) to improve the Battery Energy Storage System (BESS) capabilities at Polaris Point, Guam. Project funding comes from the Department of Defense (DOD), and as consolidating partner, the total contract award of $97 million will be included in Granite’s first-quarter CAP. The project scope includes constructing a 17,000 square foot facility and associat...

 PRESS RELEASE

Granite Announces Caldwell Avenue Interchange Reconstruction Project o...

WATSONVILLE, Calif.--(BUSINESS WIRE)-- (NYSE:GVA) has been awarded an approximately $66 million contract by the California Department of Transportation (Caltrans) for an infrastructure project that will enhance the Caldwell Avenue interchange located on SR99 in Visalia, California. Project funding comes from state and federal sources and will be included in Granite’s first-quarter CAP. The project scope includes the construction of two new precast girder bridges: a two-span structure over SR99 and a single-span structure over the UPRR tracks. Additionally, 12 new retaining walls will be buil...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch