Tutor Perini Bags $122M Military Range Project In Guam

Tutor Perini Corp TPC subsidiary Black Construction Corp. has secured a fixed-price contract valued at ~$122 million from the Naval Facilities Engineering Systems Command, Pacific Division.
The contract is for constructing a machine gun range at the Northwest Field, Andersen Air Force Base, Guam.
The work to be performed includes constructing a multi-lane, multi-purpose machine gun range, a range control tower, ammunition distribution point, and covered bleachers.
The company is to begin the preliminary work immediately and complete the project by October 2024.
Tutor Perini will include the contract value in its third-quarter 2021 backlog.
Price Action: TPC shares closed higher by 1.15% at $13.20 on Wednesday.