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Friday, Mar 29, 2024

Tutor Perini Wins $47 Million Navy Contract

 Tutor Perini Corp. announced this week that it had received a $47 million task order to design and build a facility for the U.S. Navy on the island of Guam.The Sylmar construction company said the contract for its joint venture with Black Construction, a subsidiary of Tutor Perini based on the Pacific island, is expected to be completed in December 2022.The scope of the project includes design and construction of a consolidated explosive ordnance disposal compound facility, maintenance facility, armory, multipurpose/training facility and other additional structures, the company said.The company announced the contract on Wednesday. Shares of Tutor Perini (TPC) closed up on Friday by 8 cents, or less than 1 percent, to $11.30 on the New York Stock Exchange.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.

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