September 22, 2021

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Sterling Awarded $10.5 Million Extra Phase of Get the job done at Phoenix’s Sky Harbor Worldwide Airport

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THE WOODLANDS, Texas–(Small business WIRE)–Sterling Building Organization, Inc. (NasdaqGS: STRL) (“Sterling” or “the Company”) today declared that its subsidiary, J. Banicki Construction, Inc. (“JBC”), has been awarded a $10.5 million aviation deal by the Town of Phoenix Aviation Department and the FAA to reconstruct an more portion of the apron do the job at Terminal 4, South 1 Concourse at Phoenix Sky Harbor International Airport.

This is yet another stage in the last phase of the $71 million venture that the Business commenced perform on at Sky Harbor in 2015. The project is composed of setting up a new concrete plane apron close to the at present under development Terminal 4 South. All of the operate will be done in conjunction and cooperation with the ongoing development of the Terminal 4 Concourse. The career will include the construction of about 48,000 sq. yards of airfield concrete apron and other paving and more apron connected infrastructure.

“We are glad to have been selected to substitute the apron at Sky Harbor’s Terminal 4 South, in particular following successful the project to reconstruct the apron at the North Concourse previously this thirty day period,” said Joe Cutillo, Sterling’s CEO. “Our long historical past and potent track file at Sky Harbor was just one of the top motorists to profitable this career and continuing our ongoing get the job done at Terminal 4, which commenced in 2015. This job will support make improvements to plane floor targeted visitors and security at a single of the busiest airports in the country.”

Sterling Design Company, Inc. operates by a assortment of subsidiaries in three segments specializing in Heavy Civil, Specialty Providers, and Household projects in the United States (the “U.S.”), mainly throughout the southern U.S., the Rocky Mountain States, California and Hawaii, as effectively as other spots with strategic development prospects. Large Civil involves infrastructure and rehabilitation jobs for highways, roadways, bridges, airfields, ports, light-weight rail, drinking water, wastewater and storm drainage systems. Specialty Solutions assignments include things like construction web page excavation and drainage, drilling and blasting for excavation, foundations for multi-spouse and children residences, parking buildings and other business concrete projects. Residential tasks consist of concrete foundations for single-relatives properties.

This press launch contains sure statements that fall inside of the definition of “forward-on the lookout statements” underneath the Personal Securities Litigation Reform Act of 1995. Any this sort of statements are subject matter to pitfalls and uncertainties, like general financial and marketplace situations, federal, point out and regional authorities funding, competitors’ and customers’ steps, and weather disorders, which could induce precise success to vary materially from those people predicted, like people dangers identified in the Company’s filings with the Securities and Trade Commission. Appropriately, these statements really should be regarded as in gentle of these hazards. Any prediction by the Business is only a statement of management’s perception at the time the prediction is built. There can be no assurance that any prediction the moment produced will continue on thereafter to reflect management’s belief, and the Enterprise does not undertake to update publicly its predictions or to make voluntary further disclosures of nonpublic info, regardless of whether as a end result of new facts, potential occasions or usually.

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