Sterling Announces a $155 Million Contract for Runway Extension Project at Lihue Airport

Sterling Infrastructure, Inc. announced that its Road and Highway Builders, LLC (RHB) subsidiary (50% owned), has been awarded a $155 million contract for runway extension at the Lihue Airport located in Kauai, Hawaii. The award will be included in first quarter 2024 backlog.

The Lihue Airport project is part of Hawaii's Airport Modernization Program, which is transforming the state's airports into world-class facilities. RHB's scope of work includes excavation, drain pipe installation, structural concrete wall installation, and asphalt. The project is expected to start in April 2024 and has a two-and-a-half-year duration.

"We are thrilled to be part of Hawaii's efforts to modernize its airport system," stated Joe Cutillo, Sterling's CEO. "States are actively engaged in rolling out programs to upgrade their infrastructure, driving strong demand for RHB's best-in-class aviation and highway services," Mr. Cutillo continued. "Aviation projects, which have been somewhat slow to move forward following the passage of the Infrastructure Investment and Jobs Act ("IIJA") are accelerating."