Greetings shareholders,

After a business travel hiatus, it has been good to get out and visit our project sites and reconnect face-to-face with staff outside Alaska. I recently traveled to Sacramento with Ahtna Netiye’ Chief Operating Officer (COO) Roy Tansy Jr. to view the last major concrete pour of the Travis Air Force Base (AFB) paving project. Based on our success with the project, Ahtna Design-Build, Inc. (ADB) has formed a mentor/protégé Joint Venture (JV) with subcontractor Southwest Concrete Paving Co. We met while there to discuss the JV pursuing other AFB paving projects throughout the country and have already been awarded a $12.5 million airfield paving project at Cannon AFB in New Mexico. We were also able to travel to our Monterey offices and spend time visiting with employees there.

Our 8(a) companies have been busy with the federal government fiscal year-end hunting season. As the end of the fiscal year approaches, the Department of Defense (DoD) and other federal agencies rush to spend the remainder of their budgets due to “use-it-or-lose-it” budget rules. Failure to use these budgets before the September 30 federal fiscal year end could cause Congress to decrease these budgets drastically for the following years.

Ahtna Construction & Primary Products Company (AC&PPC) has been awarded a new Alyeska Pipeline Service Company contract to perform line-wide survey services. This will be a three-year contract with three option periods of three years each, and work will begin early next year. Geospatial methodologies will be used to monitor the integrity of various systems of the Trans Alaska Pipeline System (TAPS). Monitoring will be conducted at Alyeska’s Pump Stations and Valdez Marine Terminal (VMT); along the 800-mile length of TAPS; and at related structures, camps, material sites, and other locations as needed. AC&PPC has partnered with Minnesota-based LW Survey Company for this effort. Founded in 1998, LW Survey Company has developed systems, processes and methods of managing data for more than 40,000 miles of linear projects.

Ahtna Government Services Corporation (AGSC) and its JV partner, Great Lakes Environmental, have been awarded a $75 million Natomas Basin Sacramento River Levee Repair project. This project is through the U.S. Army Corps of Engineers (USACE) in partnership with the California Central Valley Flood Protection Board, California Department of Water Resources and Sacramento Area Flood Control Agency. The JV will be constructing 3.5 miles of levee improvements along the Garden Highway levee of the Sacramento River.

ADB has won a flurry of awards for earthquake repairs at California’s Naval Air Weapons Station China Lakes. ADB has received 6 project awards for $10 million to restore damaged buildings from the 2019 Ridgecrest earthquake, which affected a large region that 20 million people call home. This work is part of the Earthquake Recovery Program provided by Congress under an emergency appropriation.

AAA Valley Gravel, LLC will be performing work on the USACE Tanana Sill Groin Repair and China River Lakes Flood Control project near North Pole, with contract values ranging from $5-9 million based on quantities needed. The scope of this project is to procure, transport and place up to 100,000 tons of rip rap from Panorama Mountain, near Cantwell, on the Tanana floodplain for erosion control.

The Ahtna family of companies is well poised to bid on work under the recently passed $1 trillion infrastructure bill to rebuild the nation’s deteriorating roads and bridges and fund new climate resilience and broadband initiatives. The bill represents the largest federal investment in infrastructure projects in more than a decade. Billions of dollars will be provided for roads, bridges and other transportation projects in Alaska, and millions of dollars will be used to help improve access to running water in tribal and Alaska Native communities.

We are building our infrastructure construction portfolio with Ahtna Infrastructure & Technologies, LLC’s (AITL) work on the National Oceanic and Atmospheric Administration (NOAA) Ketchikan facility. The project aims to construct a home port for the Fairweather, a NOAA research vessel that supports safe navigation and commerce. I visited Ketchikan for the ceremonial groundbreaking in August and said a few words alongside federal, state and local officials under a crystal blue sky. Senator Dan Sullivan was in attendance, and we expressed our appreciation to him for the congressional delegation’s commitment to the 20-years-in-the-making project.

It is a pleasure to report on the great work One Team, One Ahtna is doing to create shareholder value through the pursuit and capture of new contracts.

Thank you,

Tom Maloney, Chief Executive Officer
Ahtna Netiye’