Perini Management Services, Inc. Awarded $61.6 Million Child Development Center Project

Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that its subsidiary, Perini Management Services, Inc. (PMSI), has been awarded a contract valued at approximately $61.6 million by the U.S. Coast Guard (USCG), for the design and construction of a new Child Development Center (CDC) at USCG Base Kodiak in Alaska.

The contract includes the design and construction of a Child Development Center with capacity for 232 children, totaling approximately 34,000 square feet. The scope of work also includes site development, utility installations, outdoor play areas, parking facilities, and supporting site improvements necessary for CDC operations. Additional work includes demolition of existing housing structures, environmental compliance activities, and required permitting and approvals.

Work is expected to commence in May 2026 with substantial completion anticipated in January 2029. The contract value will be added to the Company’s backlog in the second quarter of 2026.

About Tutor Perini Corporation

Tutor Perini Corporation is a leading civil, building and specialty construction company offering diversified general contracting and design-build services to private customers and public agencies throughout the world. We have provided construction services since 1894 and have established a strong reputation within our markets by executing large, complex projects on time and within budget while adhering to strict safety and quality control measures. We offer general contracting, pre-construction planning and comprehensive project management services, and have strong expertise in delivering design-bid-build, design-build, construction management, and public-private partnership (P3) projects. We often self-perform multiple project components, including earthwork, excavation, concrete forming and placement, steel erection, electrical, mechanical, plumbing, heating, ventilation and air conditioning (HVAC), and fire protection.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260515924149/en/

The Tutor Perini Stock at the time of publication of the news with a raise of +0,88 % to 69,05EUR on Tradegate stock exchange (18. Mai 2026, 07:30 Uhr).

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