Black Construction-Tutor Perini JV Awarded $181.8 Million Guam Defense System Project

LOS ANGELES--(BUSINESS WIRE)--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that the Black Construction-Tutor Perini Joint Venture has been awarded a task order valued at approximately $181.8 million by the Naval Facilities Engineering Systems Command Pacific for the Guam Defense System - Enhanced Integrated Air and Missile Defense Phase 1 project in Guam. The task order includes two options for additional scope elements that, if exercised, would increase the task order value by $12.1 million.

This project, funded under the U.S. Defense Department’s Pacific Deterrence Initiative, includes the construction of an enhanced integrated air and missile defense site complete with its own power generation facility. The power generation facility will include standby power generation, a switchgear building and associated equipment, fuel storage facilities, a fire pump building and water storage, an entry control facility, functional areas, and all supporting infrastructure.

Work is expected to begin in the first quarter of 2026. The task order value will be added to the Company’s backlog in the third quarter of 2025.

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.