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FRAMINGHAM, Mass. - Tutor Perini Corporation (NYSE:TPC), whose stock has surged over 98% in the past year and is currently trading near $48.65, announced that its subsidiary, Perini Management Services, Inc. (PMSI), has commenced work on two new international projects with a combined value of approximately $48.9 million. According to InvestingPro data, the company’s market capitalization stands at $2.55 billion.
The first project involves barrier system repairs at Royal Air Force Lakenheath in the United Kingdom, awarded by the United States Air Force for $28.4 million. The work, which began in February 2025, includes design and construction of security fencing, various gates, surveillance equipment infrastructure, and patrol roads. Substantial completion is expected in fall 2026.
The second project is a $20.5 million design-build contract for the United States Coast Guard in Puerto Rico. The Rio Bayamon Housing Infrastructure, Utilities, and Resiliency project aims to improve electrical and water storage infrastructure resilience. Work commenced in January 2025 and includes construction of new access roads, security features, utility buildings, water storage, and drainage improvements. This project is scheduled for completion in spring 2027.
Both contracts were awarded earlier this year under existing government frameworks, according to the company’s press release statement. The Lakenheath project was secured as a task order under the USAF’s Worldwide Engineering & Construction contract.
Tutor Perini Corporation provides civil, building and specialty construction services globally, with operations dating back to 1894. The company offers general contracting, project management, and design-build services to both public agencies and private customers. InvestingPro analysis shows the company operates with a moderate debt level and maintains a healthy current ratio of 1.33. While currently not profitable, analysts predict a return to profitability this year. For detailed insights and 12 additional ProTips about TPC’s financial health and market position, visit InvestingPro, where you’ll find comprehensive Pro Research Reports covering what really matters for informed investment decisions.
In other recent news, Tutor Perini Corporation reported impressive first-quarter results for 2025, surpassing analysts’ expectations significantly. The company’s earnings per share (EPS) reached $0.53, well above the forecasted $0.10. Additionally, Tutor Perini’s revenue hit $1.25 billion, exceeding the anticipated $1.06 billion. These results highlight the company’s strong performance in the first quarter. The earnings and revenue figures are crucial for investors, as they indicate the company’s financial health and operational success. The robust results may influence analysts’ future assessments and projections for the company. This performance could also impact potential future upgrades or downgrades by firms evaluating Tutor Perini. These developments are part of the recent financial landscape surrounding the company.
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