Benzinga | Oct 19, 2021 05:32PM EDT

Granite Construction Awarded $19M Runway Repair At Cannon AFB

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.