Perini Management Services, Inc. Awarded $60 Million Recapitalize South Moorings and Rebuild USCG Station St. Petersburg Project

The approximately $60 million contract will be included in Tutor Perini’s third-quarter 2026 backlog.

(Low)

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Tags

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

Add on Google

11/02/2026 - 01:38 PM EST

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 $60 million by the U.S. Coast Guard (“USCG”) using the accelerated design-build to budget project delivery method for the construction of several facilities and structures at USCG Station St. Petersburg, Florida.

The project spans two areas of work on the south and north sides of the station. The south project (Recapitalize South Moorings) involves constructing five berthing positions to support homeporting of fast response cutters and waterway commerce cutters; upgrading the aid-to-navigation buoy yard; and demolishing several existing facilities. The north project (Station Rebuild) involves demolishing several buildings and structures damaged by Hurricane Helene and constructing a multipurpose training building, watch stander berthing facility, marine maintenance facility, and new single-lane boat ramp.

Design work began in late August 2026, with substantial completion anticipated in May 2028. 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.