Tutor Perini Corp's Five Star Electric Awarded Lighting Subcontract For JFK International Airport Terminal 6; The Undisclosed Contract Value Will Be Added To The Company's Backlog In Q3 Of 2024
Portfolio Pulse from Benzinga Newsdesk
Tutor Perini Corp's subsidiary, Five Star Electric, has been awarded a lighting subcontract for JFK International Airport's Terminal 6. The contract value will be added to Tutor Perini's backlog in Q3 2024.
September 05, 2024 | 7:41 pm
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POSITIVE IMPACT
Tutor Perini's subsidiary, Five Star Electric, has secured a subcontract for lighting at JFK Terminal 6. This contract will enhance Tutor Perini's backlog in Q3 2024, potentially boosting future revenues.
The award of the subcontract to Five Star Electric is a positive development for Tutor Perini, as it will increase the company's backlog, indicating future revenue growth. The project is significant, being part of the $4.2 billion JFK Terminal 6 development.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90