Perini Management Services, Inc. Announces Two Projects Collectively Valued at $48.9 Million

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FRAMINGHAM, Mass.--(BUSINESS WIRE)--Jul 22, 2025--

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), is underway with work on two new projects that were awarded earlier this year:

Barrier System Repair at Royal Air Force (RAF) Lakenheath, United Kingdom
Customer/Owner: United States Air Force (USAF)
Contract Value: $28,404,177

This project was awarded as a task order under the USAF's Worldwide Engineering & Construction (WE&C) contract. The project includes civil, mechanical, electrical, and paving scopes of work involved in the design and construction of security fencing; aircraft, vehicle, and pedestrian gates; infrastructure to support surveillance equipment; and patrol roads.

Work began in February 2025 and substantial completion is anticipated in the fall of 2026.

Rio Bayamon Housing Infrastructure, Utilities, and Resiliency, Puerto Rico
Customer/Owner: United States Coast Guard
Contract Value: $20,463,394

This design-build project will improve the resilience of the electrical and water storage infrastructure and distribution at the Rio Bayamon Housing site. The scope of work includes construction of new access roads, security fencing and gates, patching existing roadways and curbs for the new electrical distribution, and resiliency work, in addition to providing a new utility building, water storage tank, selective demolition, and improvements to existing storm drainage piping.

Work began in January 2025 and substantial completion is anticipated in the spring of 2027.

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.

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CONTACT: Tutor Perini Corporation

Jorge Casado, 818-362-8391

Senior Vice President, Investor Relations and Corporate Communications

www.tutorperini.com

KEYWORD: MASSACHUSETTS UNITED STATES CARIBBEAN UNITED KINGDOM NORTH AMERICA LATIN AMERICA PUERTO RICO EUROPE

INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY CONTRACTS URBAN PLANNING MILITARY BUILDING SYSTEMS ARCHITECTURE OTHER CONSTRUCTION & PROPERTY DEFENSE RESIDENTIAL BUILDING & REAL ESTATE

SOURCE: Tutor Perini Corporation

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PUB: 07/22/2025 10:30 AM/DISC: 07/22/2025 10:31 AM

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