- 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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