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GRANITE CONSTRUCTION AWARDED $23 MILLION CONTRACT

 GRANITE CONSTRUCTION AWARDED $23 MILLION CONTRACT
 WATSONVILLE, Calif., Oct. 12 /PRNewswire/ -- Granite Construction Inc. (NASDAQ: GCCO) announced today that it had been awarded a $23 million contract by the U.S. Army Corps of Engineers to build new runways and taxiways at a U.S. Air Force base in Altus, Oklahoma, located approximately 100 miles southwest of Oklahoma City.
 The scope of the work entails construction of a 4,000-ft-long runway assault strip with connecting taxiways and a 11,000-ft-long parallel runway with connecting taxiways and related work. Construction is expected to begin next month and take approximately 30 months to complete.
 Granite is a heavy civil contractor engaged in the construction of highways, dams, tunnels, airports, mass transit facilities and other infrastructure-related projects. The company's stock is traded on the NASDAQ-National Market System under the symbol GCCO.
 -0- 10/12/92
 /CONTACT: Michael Lawson of Granite Construction, 408-761-4717/
 (GCCO) CO: Granite Construction Inc. ST: California, Oklahoma IN: CST SU: CON


RS-BR -- SJ007 -- 8719 10/12/92 08:31 EDT
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Publication:PR Newswire
Date:Oct 12, 1992
Words:170
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