Sterling Construction Company, Inc. is the Selected Contractor for a Sky Harbor International Airport CMAR Project Valued at ...
October 01 2018 - 4:05PM
Business Wire
Sterling Construction Company, Inc. (NasdaqGS:STRL) (“Sterling”
or “the Company”) today announced that its subsidiary, J. Banicki
Construction (“JBC”), was the selected bidder on the Terminal 4,
North Apron Reconstruction Project for the City of Phoenix at Sky
Harbor International Airport with a value of approximately $12
million. The project, which was awarded using a Construction
Manager At Risk (“CMAR”) method, will entail the removal and
replacement of approximately 34,000 square yards of 18-inch thick
concrete apron in a highly active air operations area. Construction
is anticipated to start in October 2018 and take approximately one
year to complete.
Joe Cutillo, Sterling’s Chief Executive Officer, commented,
“This award is for the fourth phase of the Sky Harbor Airport
Terminal 4 reconstruction that we began in mid-2015. Our selection
by the City of Phoenix for continued work at Sky Harbor is
indicative of our extensive capabilities and competence with
aviation infrastructure work, which is an important element of our
strategy to increase Sterling’s overall mix of business in
attractive adjacent heavy civil construction markets.”
Sterling is a construction company that specializes in heavy
civil construction and residential concrete projects primarily in
Arizona, California, Colorado, Hawaii, Nevada, Texas, Utah and
other states in which there are feasible construction
opportunities. Our heavy civil construction projects include
highways, roads, bridges, airfields, ports, light rail, water,
wastewater and storm drainage systems, foundations for multi-family
homes, commercial concrete projects and parking structures. Our
residential construction projects include concrete foundations for
single-family homes.
This press release includes certain statements that fall within
the definition of “forward-looking statements” under the Private
Securities Litigation Reform Act of 1995. Any such statements are
subject to risks and uncertainties, including overall economic and
market conditions, federal, state and local government funding,
competitors’ and customers’ actions, and weather conditions, which
could cause actual results to differ materially from those
anticipated, including those risks identified in the Company’s
filings with the Securities and Exchange Commission. Accordingly,
such statements should be considered in light of these risks. Any
prediction by the Company is only a statement of management’s
belief at the time the prediction is made. There can be no
assurance that any prediction once made will continue thereafter to
reflect management’s belief, and the Company does not undertake to
update publicly its predictions or to make voluntary additional
disclosures of nonpublic information, whether as a result of new
information, future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20181001005932/en/
Sterling Construction Company, Inc.Jennifer Maxwell,
281-951-3560Director of Investor RelationsorInvestor Relations
Counsel:The Equity Group Inc.Fred Buonocore, CFA,
212-836-9607Kevin Towle, 212-836-9620
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