Granite Awarded $22 Million NAVFAC Contract in Southern California

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite Construction Incorporated (NYSE:GVA) announced today that it has been awarded a $22 million contract by the Naval Facilities Engineering Command (NAVFAC) Southwest to construct an infantry training facility at the Marine Corps Base in Camp Pendleton, California. The project was booked into Granite’s second quarter 2016 backlog.

This facility is being enhanced to ensure the safety and efficiency of training Marines and joint services personnel. Scope of the work includes the construction of a firing range, targeting systems, supporting facilities and buildings, an access road, underground utilities, lighting, as well as asphalt paving and site improvements.

Construction of the two-year project is expected to begin in the third quarter of 2016.

About Granite

Through its offices and subsidiaries nationwide, Granite Construction Incorporated (NYSE:GVA) is one of the nation’s largest infrastructure contractors and construction materials producers. Granite specializes in complex infrastructure projects, including transportation, industrial and federal contracting, and is a proven leader in alternative procurement project delivery. Granite is an award-winning firm in safety, quality and environmental stewardship, and has been honored as one of the World’s Most Ethical Companies by Ethisphere Institute for seven consecutive years. Granite is listed on the New York Stock Exchange and is part of the S&P MidCap 400 Index, the MSCI KLD 400 Social Index and the Russell 2000 Index. For more information, visit graniteconstruction.com.

Granite Construction Incorporated
Media
Jacque Fourchy, 831-761-4741
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Ronald Botoff, 831-728-7532

Source: Granite Construction Incorporated