Perini Management Services, Inc. Awarded $35.8 Million Tool and Die Facility Project

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FRAMINGHAM, Mass.--(BUSINESS WIRE)--Dec 11, 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), has been awarded a contract valued at approximately $35.8 million by the U.S. Army Corps of Engineers, Omaha District, for the construction of a new Tool and Die Facility at the Iowa Army Ammunition Plant in Middletown, IA.

The new Tool and Die facility will include approximately 56,000 square feet of industrial space. The project includes site development, utilities, and infrastructure; structural steel and concrete systems; architectural finishes; heating, ventilation and air conditioning (HVAC), plumbing, and fire protection systems; electrical distribution and lighting; a facility-scale solar photovoltaic system; telecommunications and electronic security systems; and installation of overhead bridge cranes. The facility is designed to meet LEED Silver certification and includes commissioning of major systems to ensure performance and sustainability. The project also includes the relocation of existing equipment from the current facility.

Work commenced in November 2025 with substantial completion anticipated in June 2027. The contract value was added to the Company’s backlog in the third quarter of 2025.

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 CALIFORNIA IOWA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: ARCHITECTURE CONTRACTS MACHINE TOOLS, METALWORKING & METALLURGY OTHER CONSTRUCTION & PROPERTY DEFENSE COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY OTHER MANUFACTURING URBAN PLANNING BUILDING SYSTEMS MANUFACTURING MILITARY

SOURCE: Tutor Perini Corporation

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PUB: 12/11/2025 11:00 AM/DISC: 12/11/2025 11:00 AM

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