Tutor Perini-Nan JV Secures Contract With Base Value Of $330.6M From The Naval Facilities Engineering Systems Command, Marianas, For The Apra Harbor Waterfront Repairs Project
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Tutor Perini-Nan JV has secured a $330.6M contract from the Naval Facilities Engineering Systems Command for the Apra Harbor Waterfront Repairs Project, with potential additional work increasing the contract value by $230M.
October 31, 2024 | 10:08 am
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Tutor Perini Corporation, as part of a joint venture, has secured a significant contract worth $330.6M for the Apra Harbor Waterfront Repairs Project. The contract includes options that could increase its value by $230M.
The contract is a substantial addition to Tutor Perini's project portfolio, potentially increasing revenues significantly if all options are exercised. This is likely to positively impact the stock price in the short term.
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