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LOS ANGELES - Tutor Perini Corporation (NYSE:TPC), whose stock has surged over 180% in the past year and currently trades near its 52-week high of $63.96, announced Tuesday that its joint venture with Black Construction has been awarded a $181.8 million task order for a defense system project in Guam. According to InvestingPro data, the company maintains a GOOD financial health score, suggesting strong operational stability.
The task order, awarded by the Naval Facilities Engineering Systems Command Pacific, covers the construction of the Guam Defense System - Enhanced Integrated Air and Missile Defense Phase 1 project. The contract includes two additional options that could increase the total value by $12.1 million if exercised. With revenue growth of 12% over the last twelve months, this new contract further strengthens the company’s $3.26 billion market position. InvestingPro analysis reveals 12+ additional key insights about TPC’s financial outlook.
Funded through the U.S. Defense Department’s Pacific Deterrence Initiative, the project encompasses construction of an enhanced integrated air and missile defense site with dedicated power generation facilities. The scope includes standby power generation, a switchgear building, fuel storage facilities, a fire pump building with water storage, an entry control facility, and supporting infrastructure.
Construction is scheduled to begin in the first quarter of 2026, according to the company’s press release statement. The task order value will be added to Tutor Perini’s backlog in the third quarter of 2025.
Tutor Perini Corporation is a civil, building and specialty construction company that has provided construction services since 1894. The company offers general contracting, pre-construction planning, and project management services, with capabilities in design-bid-build, design-build, construction management, and public-private partnership projects. Based on InvestingPro’s Fair Value analysis, the stock appears to be trading near its fair value, with detailed valuation metrics available in the comprehensive Pro Research Report.
In other recent news, Tutor Perini Corporation reported impressive financial results for the second quarter of 2025, surpassing analysts’ expectations. The company achieved an adjusted earnings per share (EPS) of $1.41, significantly higher than the projected $0.34. Revenue also exceeded forecasts, reaching $1.37 billion compared to the anticipated $1.2 billion. These results highlight the company’s strong performance in the recent quarter. Despite the positive earnings and revenue figures, the stock experienced a slight decline, which may be attributed to market dynamics. Investors will likely be interested in these developments as they reflect the company’s current financial health. The robust earnings report could influence future analyst assessments and investor sentiment.
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