Tutor Perini Unit Wins $43M Coast Guard Homeport Project
TPC sits 44% above its 52-week low of $57.9.
Summary
Perini Management Services, a Tutor Perini subsidiary, won a $43 million contract from the U.S. Coast Guard to design and construct improvements at East Tongue Point in Astoria, Oregon. The project supports homeporting of four Fast Response Cutters and includes a new pier, floating docks, and a support facility. Design starts late September 2026 with substantial completion expected May 2029. The contract adds to Q3 2026 backlog, following a $69.5 million National Park Service award in August and a $143 million Fisk Electric contract in July. This continues a pattern of steady government contract wins that support the company's record Q2 results and raised guidance.
At the time of this announcement, TPC was trading at $83.40 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $4.4B. The 52-week trading range was $57.90 to $102.30. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: BusinessWire.