Perini Management Services, Inc. Awarded $315 Million Maritime Infrastructure Project to Construct Fuel Pier to Support Major Cutter Operations at U.S. Coast Guard Base Kodiak
Perini Management Services, Inc. Awarded $315 Million Maritime Infrastructure Project to Construct Fuel Pier to Support Major Cutter Operations at U.S. Coast Guard Base Kodiak
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 $315 million by the U.S. Coast Guard (“USCG”) using the accelerated design-build to budget project delivery method for the construction of a new fuel pier to support major cutter operations at USCG Base Kodiak in Alaska.
The overall goal of the offshore project is to expand the dock capacity to provide up to two major cutter berths. The project also includes unexploded ordnance removal, waterfront improvements, a new fueling utility building, utilities, cutter shore ties, and other site amenities.
Design work began in late September, with substantial completion anticipated in September 2030. The contract value will be included in the Company’s backlog reported for the third 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.
Tutor Perini Corporation
Jorge Casado, 818-362-8391
Senior Vice President, Investor Relations and Corporate Communications
www.tutorperini.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20261005385507/en/
The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
The 10 Best Companies to Invest in Now
14 Elite Funds and ETFs, and 5 Popular Funds That Just Missed the Mark
The Top Funds for a Simpler Retirement Portfolio
The 10 Best Dividend Stocks
United States