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GVABullishCorporate Developmentsnews

High materiality8/10

Granite Wins $52M Tucson CMAR Contract, Boosting Backlog and ASE Program Visibility

Nov 4, 2026, 5:12 PM EST1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

The $52M backlog addition enhances revenue visibility and potentially supports margins on CMAR delivery; completion timing within the ASE program could provide incremental cash flow and utilization, especially with the final ASE project now secured.

AI summary

What happened, with direct paths to the underlying reporting

Granite (GVA) has been awarded a $52 million CMAR contract by the Tucson Airport Authority for the CMAR2 project at Tucson International Airport, part of TAA's Airfield Safety Enhancement program totaling over $400 million. The award adds to Granite's backlog and validates its execution capability in airport infrastructure. The inclusion in the Q3 2026 CAP suggests near-term revenue visibility and potential margin upside from CMAR delivery.

Granite (GVA) wins CMAR contract for Tucson Airport Authority ASE program.
Contract valued at about $52 million and included in Q3 2026 CAP.
CMAR2 represents the final project in TAA's ASE program, worth >$400M.
Backlog and revenue visibility could improve; details depend on timing.

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