Granite Awarded Aircraft Arresting System Project in Florida

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite (NYSE: GVA) announced today that it has been awarded a contract by the U.S. Army Corps of Engineers (USACE) for the construction of a BAK-12/14 aircraft arresting system at Homestead Air Reserve Base in Homestead, Florida. The project is valued at approximately $11 million and will be included in Granite’s third quarter 2026 CAP.

Granite’s scope of work includes constructing and installing the BAK-12/14 aircraft arresting system, which provides a critical emergency stopping mechanism for the airfield, as well as runway striping.

“This award reflects Granite’s commitment to growing our Federal business by combining specialized Federal expertise with the local knowledge, relationships, and resources of our Regional partners,” said Granite Federal Division Vice President Curt Haldeman. “This scalable, collaborative model strengthens our competitive position, expands our addressable market, and supports disciplined, profitable growth by leveraging capabilities and resources already established across Granite.”

“Our Florida team is proud to partner with Granite’s Federal Division on this important project,” said Granite Florida Regional Vice President David Ballard. “By operating as one Granite team, we can pursue a broader pipeline of Federal opportunities, improve resource utilization, and build repeatable growth across Florida and the Southeast—creating long-term value for our clients and shareholders.”

Construction is expected to be completed in fourth quarter 2027.

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

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Granite Contacts

Media
Erin Kuhlman
831-768-4111

Investors
Wenjun Xu
831-761-7861

Source: Granite

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