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

The approximately $315 million contract value will be included in Tutor Perini’s third-quarter 2026 backlog.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

LOS ANGELES--(BUSINESS WIRE)--

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20261005385507/en/

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

Source: Tutor Perini Corporation

Key Terms

design-build technical

A project delivery method where one firm or team is hired to both design and build a physical project under a single contract. It matters to investors because it centralizes responsibility, often speeding delivery and clarifying who bears schedule and cost risks—think of hiring a single contractor to both draw the plans and do the construction instead of coordinating separate architects and builders. That can reduce surprises but also concentrates decision power and oversight.

unexploded ordnance technical

Unexploded ordnance (UXO) are explosive weapons—such as bombs, shells, mines or grenades—that were fired, dropped or placed but failed to detonate and remain a hidden hazard. For investors, UXO matters because discovering them on land or seabed can delay projects, increase cleanup costs, create liability risks and affect property values much like finding unstable structural damage would halt construction and require specialist removal. Knowing about UXO exposure helps assess cleanup liabilities, project timelines and insurance needs.