Perini Management Services, Inc. Awarded $43 Million U.S. Coast Guard Astoria Fast Response Cutter Homeport Phase 2 Project

The facilities will support the homeporting of four Fast Response Cutters at the Coast Guard's Astoria property.

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09/24/2026 - 09:45 AM

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 $43 million by the U.S. Coast Guard (“USCG”) to design and construct improvements at USCG’s property at East Tongue Point in Astoria, Oregon.

The project scope includes construction of facilities to accommodate the homeporting of four Fast Response Cutters (FRC). The new facilities consist of a new fixed pier, two floating docks, and a new uplands Maintenance Weapons Division (MWD) cutter support facility. The project also includes demolition of existing facilities, in-water dredging, as well as utility and site improvements.

Design work is expected to begin in late September 2026, with substantial completion anticipated in May 2029. The contract value will be added to the Company’s backlog in 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.