Granite Selected for $52 Million CMAR Contract on the Airfield Safety Enhancement (ASE) Program at the Tucson International Airport

Granite has completed or been awarded every project in the airport’s more than $400 million Airfield Safety Enhancement Program.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite (NYSE:GVA) announced today it has been awarded a Construction Manager at Risk (CMAR) contract by the Tucson Airport Authority (TAA) for the CMAR2 project at Tucson International Airport in Tucson, Arizona. The project is valued at approximately $52 million and was included in Granite’s third quarter 2026 CAP.

The CMAR2 project is the final project within TAA's Airfield Safety Enhancement (ASE) Program, a multi-year, more than $400 million initiative designed to modernize the airport's airfield layout and meet the latest Federal Aviation Administration (FAA) safety standards. Granite has either completed, or has been awarded, every project within the ASE Program.

Granite's scope of work includes modifying taxiways and connector taxiways to current commercial aviation safety standards and relocating and upgrading FAA navigational aids. Granite’s Swan Facility will supply more than 80,000 tons of FAA-specification aggregate and approximately 50,000 tons of FAA-specification asphalt for the project.

"Our long-standing partnership with Tucson Airport Authority and extensive experience delivering complex airfield infrastructure projects position us well to successfully complete the final phase of the Airfield Safety Enhancement Program," said Granite Regional VP Derek Betts. "This project requires close coordination with ongoing airport operations and will enhance airfield safety while supporting the long-term needs of commercial, military, and general aviation users at Tucson International Airport."

“Our experience at Tucson International Airport with Granite has been superb,” said TAA President and CEO Danette Bewley. “They have delivered on the project to date. Obviously, we still have more to do, but I have high expectations that they'll continue to deliver the way they have for the last several years.”

Preconstruction activities began in September 2026, and overall project completion is anticipated in 2029.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20261104282450/en/

Granite Contacts
Media
Erin Kuhlman 831-768-4111

Investors
Wenjun Xu 831-761-7861

Source: Granite

Key Terms

construction manager at risk (cmar) technical

A construction manager at risk (CMAR) is a project delivery method where a construction firm is hired early to advise on design and then takes on the role of general contractor during construction, committing to complete the project for a negotiated guaranteed maximum price (GMP). The CMAR provides preconstruction services (cost estimating, scheduling, constructability input) and assumes financial responsibility for cost overruns above the GMP except for defined owner-directed changes or scope increases, distinguishing it from a pure consultant construction manager or traditional design–bid–build contracting.