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Tutor Perini Receives $81 Million Runway Repair Project at Joint Base Andrews


SYLMAR, Calif., May 10, 2010 (BUSINESS WIRE) --Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, announced today that it was awarded a task order on April 30, 2010 worth $81.2 million for the repair/replacement of West Runway 01L/19R at Joint Base Andrews in Maryland. Tutor Perini bid the project under its Sustainment, Restoration & Modernization Acquisition Task Order Contract (SATOC) with the Air Force Civil Engineer Support Agency (AFCESA) at Tyndall AFB located in Panama City, Florida.

This task order at Joint Base Andrews is for the removal and replacement of 11,300 feet of concrete runway. The new runway will have a concrete depth of 19.5 inches. The runway will be constructed in phases over a 345 calendar day construction period to minimize disruption to on-going operations. The work also includes the development of an environmental protection plan, removal and replacement of unsuitable subgrade soils, NAVAID relocation, approach lighting, arrestor systems and removal and replacement of environmentally impacted soils.

Tutor Perini's management and construction team includes personnel from two subsidiary companies, Perini Management Services, Inc., Framingham, MA and Cherry Hill Construction, Jessup, MD. Resources from both of these companies have recently been utilized successfully for a similar project at Andersen Air Force Base in Guam, which is scheduled for completion in July 2010.

Joint Base Andrews is the home of the 316th Wing and the 89th Airlift known as "The President's Wing" and Air Force One. The Base frequently hosts the President and Vice President of the United States, congressional delegations and foreign heads of state.

Ron Tutor, Chief Executive Officer, said: "Tutor Perini is very pleased to receive this new runway project from AFCESA, which coincides with the wrapping up of our similar project in Guam. It demonstrates the satisfaction and confidence of the U.S. Air Force in Tutor Perini's ability to deliver high quality construction services on time and within budget."

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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