May 26, 2024

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Sterling Awarded $10.3 Million Aviation Undertaking at Phoenix’s Sky Harbor Intercontinental Airport

3 min read

THE WOODLANDS, Texas–(Enterprise WIRE)–Sterling Building Business, Inc. (NasdaqGS: STRL) (“Sterling” or “the Company”) today announced that its subsidiary, J. Banicki Construction, Inc. (“JBC”), has been awarded a $10.3 million aviation contract by the Metropolis of Phoenix Aviation Department to reconstruct the north apron of Terminal 4 at Phoenix Sky Harbor International Airport.

This is the ultimate phase of the $71 million venture that the Firm commenced function on at Sky Harbor in September of 2015. The existing function consists of the elimination and substitution of 29,169 square yards of Alkali Silica Reactivity (ASR) affected pavement adjacent to the Terminal 4 North Concourse and excavation of 4,000 cubic yards of native material. The task also involves importing new crushed mixture base, removing of present drainage and changes to connected gas hydrant pits.

“We have a solid, multi-calendar year track record of overall performance at Sky Harbor Global Airport and we are really happy to have been selected for the closing portion of the Terminal 4 reconstruction process,” mentioned Joe Cutillo, Sterling’s CEO. “This award is a continuation of the get the job done we have been engaged in at Terminal 4 of the Phoenix Sky Harbor International Airport given that late 2015. We have been awarded subsequent jobs similar to the Terminal 4 reconstruction in 2016 and 2018 as nicely and check out our ongoing presence on this and other significant jobs at Sky Harbor as indicative of the self-assurance that the City of Phoenix Aviation Division has in our perform. The completion of this challenge will aid to improve air visitors and basic safety at one particular of the busiest airports in the country. Our aviation infrastructure abilities are a critical ingredient of our system to diversify our Hefty Civil undertaking combine to decrease danger, increased margin work.”

Sterling Building Business, Inc. operates as a result of a assortment of subsidiaries in just 3 segments specializing in Large Civil, Specialty Products and services, and Residential assignments in the United States (the “U.S.”), mostly across the southern U.S., the Rocky Mountain States, California and Hawaii, as very well as other parts with strategic building prospects. Significant Civil involves infrastructure and rehabilitation initiatives for highways, streets, bridges, airfields, ports, light rail, water, wastewater and storm drainage systems. Specialty Companies initiatives consist of construction web page excavation and drainage, drilling and blasting for excavation, foundations for multi-household homes, parking structures and other industrial concrete jobs. Household assignments incorporate concrete foundations for solitary-family homes.

This push launch incorporates specified statements that slide inside of the definition of “forward-wanting statements” under the Personal Securities Litigation Reform Act of 1995. Any these types of statements are subject to threats and uncertainties, such as over-all economic and current market disorders, federal, state and local government funding, competitors’ and customers’ actions, and temperature ailments, which could induce real effects to vary materially from these anticipated, such as people risks discovered in the Company’s filings with the Securities and Trade Commission. Accordingly, this sort of statements should really be considered in light of these threats. Any prediction by the Firm is only a statement of management’s perception at the time the prediction is produced. There can be no assurance that any prediction when created will keep on thereafter to reflect management’s perception, and the Company does not undertake to update publicly its predictions or to make voluntary supplemental disclosures of nonpublic information and facts, whether or not as a result of new information, long run situations or normally.

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