Hudson Yards - Multiple Projects - New York, NY - Total $2.3 Billion

Tutor Perini Among Recipients of Largest Contract in NAVFAC Pacific Command History

May 11, 2010

SYLMAR, Calif., May 11, 2010 (BUSINESS WIRE) --Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, announced today that, along with six other companies, it has received a $4 billion maximum capacity, indefinite-delivery indefinite-quantity (IDIQ) design-build multiple award construction contract (MACC) from the Naval Facilities Engineering Command (NAVFAC) Pacific for work at sites in Guam and other locations in the Pacific area of responsibility. The contract is the largest ever granted by NAVFAC Pacific.

According to the NAVFAC Pacific, the MACC is for a base period of 12 months and includes four one-year option periods. Options are for time only and do not adjust the maximum contract amount. All work under the MACC will be initiated by task orders, for which Tutor Perini and the six other companies will compete.

The work will include new construction, renovation, and additions or upgrades to a wide range of facility types, including roads, bridges, barracks, dormitories, educational and medical buildings, waterfront-marine facilities, hangers, runways, and much more. In the interest of environmental sustainability, the projects will incorporate Leadership in Energy and Environmental Design (LEED) building standards.

Ronald Tutor, Chief Executive Officer of Tutor Perini, said: "We are extremely pleased to have an opportunity to participate in the MACC and look forward to building vital Naval facilities in the Pacific. Guam is a key market for us, so the chance to increase our activities there is particularly welcome."

About Tutor Perini Corporation

Tutor Perini Corporation is a leading civil and building construction company offering diversified general contracting and design/build services to private clients and public agencies throughout the world. We have provided construction services since 1894 and have established a strong reputation within our markets by executing large complex projects on time and within budget while adhering to strict quality control measures.

We offer general contracting, pre-construction planning and comprehensive project management services, including the planning and scheduling of the manpower, equipment, materials and subcontractors required for a project. We also offer self-performed construction services including excavation, concrete forming and placement, steel erection, electrical and mechanical services, plumbing and HVAC. We are known for our major complex building project commitments as well as our capacity to perform large and complex transportation and heavy civil construction for government agencies and private clients throughout the world.

SOURCE: Tutor Perini Corporation

Kekst and Company
Douglas Kiker, 212-521-4800
Tutor Perini Corporation
Kenneth Burk, 818-362-8391
Executive Vice President & CFO

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