This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Tutor Perini Announces Three New Projects In Guam Valued At $77 Million

Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, today announced three significant new projects in Guam with a combined value totaling approximately $77 million.

$40.9 Million Ordot Dump Closure Construction & Dero Road Sewer Improvements Project

The Guam Solid Waste Authority’s court-appointed federal receiver, Gershman, Brickner & Bratton, Inc., has identified Tutor Perini’s Guam subsidiary, Black Construction Corporation (BCC), as the low bidder for the Ordot Dump Closure Construction and Dero Road Sewer Improvements project with a bid of approximately $40.9 million. The project includes construction of all temporary and permanent facilities, erosion controls, excavation, grading, drainage, fill, cap system including geosynthetics, leachate and sewage collection/conveyance systems, backup emergency power generator, electrical, and fencing. Construction is expected to begin in the first quarter of 2014 and be completed by July 2015. The value of this contract is expected to be included in the Company’s reported fourth-quarter backlog.

$23.8 Million U.S. Navy Lockwood Terrace Home Revitalization Project

Under a previously awarded multiple award construction contract, the U.S. Naval Facilities Engineering Command awarded Tutor Perini a $23.8-million task order for whole house revitalization work at Lockwood Terrace on Naval Base Guam. The work to be performed provides for the upgrade of 60 existing housing units in order to bring them to current Navy standards, which include reconfiguration of interior living spaces and expanding existing living areas. The work is expected to begin in April 2014 and be completed by September 2015. The value of this task order will be included in the Company’s reported third-quarter backlog.

$12.7 Million Lotte Duty Free Shoppers Interior Finishing Project

Lotte Duty Free Retail, a large Korean conglomerate specializing in duty-free shopping at major airports throughout the Asia-Pacific region, awarded BCC a $12.7-million project for interior architectural finishing work at the Guam International Airport. The scope of work consists of architectural, mechanical, electrical, fire protection, renovations and finishes to various public retail and boutique areas. Work is expected to begin in October 2013 and substantial completion is expected in March 2014. The value of this contract will be included in the Company’s reported fourth-quarter backlog.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,472.37 +200.36 1.23%
S&P 500 1,951.36 +27.54 1.43%
NASDAQ 4,707.7750 +80.6910 1.74%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs