Black Construction-Tutor Perini Joint Venture Awarded $113.3M Contract For P-541 Missile Integration Test Facility In Guam
Portfolio Pulse from Benzinga Newsdesk
Tutor Perini Corporation, in a joint venture with Black Construction Corporation, has been awarded a $113.3 million contract for the P-541 Missile Integration Test Facility in Guam. The project, under the Pacific Deterrence Initiative, includes constructing a 57,664 square-foot facility with various support systems. Completion is expected by December 2028.
October 02, 2024 | 5:46 pm
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Tutor Perini Corporation, in partnership with Black Construction, has secured a $113.3 million contract for a missile test facility in Guam, enhancing its project backlog.
The contract adds significant value to Tutor Perini's backlog, indicating potential revenue growth. The long-term project enhances the company's visibility in the defense sector, likely positively impacting its stock price.
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IMPORTANCE 80
RELEVANCE 100