Tutor Perini Unit Wins $69.5M Death Valley Water Project
TPC sits 92% above its 52-week low of $43.52.
Summary
Perini Management Services, a Tutor Perini subsidiary, landed a $69.5 million contract from the National Park Service to overhaul water and wastewater systems at Death Valley National Park. The work, starting fall 2026 and running into early 2029, will be added to Q3 2026 backlog. This follows a string of recent wins — an $81.8M Coast Guard contract in May and a $143M electrical job in July — reinforcing a steady flow of government-funded infrastructure awards. The project addresses critical deferred maintenance and expands capacity for 1.7 million annual visitors, signaling reliable, long-duration federal work that supports revenue visibility.
At the time of this announcement, TPC was trading at $83.75 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $4.4B. The 52-week trading range was $43.52 to $100.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: BusinessWire.