Fisk Electric Adds $143 Million to Backlog for Electrical Contract at Children’s Health and UT Southwestern Medical Center New Dallas Pediatric Campus

Key Terms

pediatric intensive care unit medical

A pediatric intensive care unit (PICU) is a hospital ward that provides around-the-clock, high-tech care for critically ill or injured children, using specialized equipment and staff trained in pediatric emergencies. For investors, the presence, capacity and performance of a PICU signal a hospital’s ability to treat complex cases, drive higher reimbursement, and require significant capital and staffing — similar to a specialized workshop that handles the most demanding repairs.

neonatal ICU medical

A neonatal ICU is a specialized hospital unit that provides intensive medical care to newborn infants, especially those who are premature, very small, or ill. Think of it as an ICU designed for babies, with specialized equipment, staffing and protocols. It matters to investors because its presence and capacity influence hospital costs, capital spending, revenue from specialized services, regulatory and reimbursement dynamics, and demand for neonatal medical devices and supplies.

stem cell transplant medical

A stem cell transplant is a medical procedure that replaces a person’s damaged or diseased blood- and immune-system cells with healthy stem cells from the patient or a donor, allowing the body to rebuild blood and immune function. For investors it matters because success, safety, cost and regulatory approval of transplants and related drugs, devices or donor services can shape market demand, company valuations and long-term revenue prospects—think of it as rebooting a failing system that can restore health and unlock new markets.

substantial completion technical

Substantial completion is the point when a construction project or asset is finished enough to be used for its intended purpose, even though minor fixes or unfinished items remain. For investors this milestone often triggers major events like final payments, insurance/ liability shifts, the start of revenue generation, or release of retained funds—so it signals reduced construction risk and a move toward cash flow and returns, much like handing over car keys when the vehicle runs despite small scratches.

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LOS ANGELES--(BUSINESS WIRE)--

Rendering of the New Pediatric Campus at Children's Health and UT Southwestern Medical Center in Dallas (Source: Children's Health)

Fisk’s scope of work includes installation of electrical systems and components for a portion of a new 4.9 million square-foot facility featuring two new 12-story towers and a new 8-story tower. The hospital towers will contain 552 inpatient rooms for a pediatric intensive care unit (ICU), a neonatal ICU, stem cell transplant, cardiovascular ICU, hematology/oncology, and several other specializations. The new facility will also have two helicopter pads, a new kitchen, dining room, conference center, and other amenity areas.

Electrical construction work has recently commenced, and substantial completion is anticipated in the fall of 2030. The contract value will be reflected in the Company’s backlog for the second 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260721180663/en/

Tutor Perini Corporation
Jorge Casado, 818-362-8391
Senior Vice President, Investor Relations and Corporate Communications
www.tutorperini.com

Source: Tutor Perini Corporation