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

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Tutor Perini Announces Bid Results and New Contracts Totaling $327 Million

  • Low Bidder at $147 Million for Long Island Railroad Project in Queens, NY
  • Awarded $107 Million IDIQ Contract from U.S. Department of State for Worldwide Construction Projects
  • Awarded Task Order for $73 Million Aircraft Parking Apron at Andersen Air Force Base, Guam

SYLMAR, Calif., Apr 15, 2011 (BUSINESS WIRE) --

Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, today announced that is has received new contracts and task orders totaling $327 million, which include work ranging from an infrastructure project in New York to construction projects worldwide for the U.S. State Department and a new aircraft parking apron at Andersen Air Force Base in Guam.


Long Island Railroad / Metropolitan Transit Authority Capital Construction Project

Tutor Perini expects to be awarded the contract in the amount of $147 million for the Long Island Railroad (LIRR) Plaza substation and structures project in Queens, NY. The project, for which the Metropolitan Transit Authority Capital Construction (MTACC) is acting as owner and management party, is expected to take three years to complete. A final award by the MTACC is expected to occur in 90 days.

Work on the LIRR/MTACC project will include construction of the below-grade facilities at the Plaza Interlocking, including installation of waterproofing systems, removal of temporary struts and walers and other temporary support measures within the open cut excavation constructed by other parties.

U.S. Department of State IDIQ Contract

Tutor Perini's subsidiary, Perini Management Services, Inc. (PMSI), has been awarded its first task order under an Indefinite Delivery / Indefinite Quantity (IDIQ) contract for design, construction, supply and/or installation of pre-fabricated and engineered containerized housing and office units with integrated building systems and complete site infrastructure. The base contract, awarded in January 2011 by the U.S. Department of State (DOS), is for support of U.S. diplomatic missions worldwide and U.S. operations in support of contingency, humanitarian and emergency relief operations on a global basis.

Under the base IDIQ contract, PMSI is eligible to submit competitive proposals for each potential project. This is PMSI's first task order awarded for fast-track construction of facilities in southern Iraq. The $107 million project will provide design, renovation, installation and construction of facilities for a Consulate General. The work is scheduled to be complete by February 2012.

PMSI's Team for the base contract includes Tetra Tech of Pasadena, CA for architect/engineering services, and containerized housing unit manufacturers, including Red Sea Housing as our primary supplier.

Aircraft Parking Apron at Andersen Air Force Base, Guam

Tutor Perini, working with its subsidiary Black Construction Corporation, has been awarded a $73 million firm-fixed-price task order by the Naval Facilities Engineering Command Marianas for construction of an aircraft parking apron at Andersen Air Force Base in Guam.

The project, expected to be completed by July 2013, includes construction of an MV-22 aircraft concrete parking apron, hot mix asphalt apron replacement pavement, aircraft rinse facility, aircraft wash-rack facility, three direct fueling stations and a tow-way with a retaining wall.

Ronald Tutor, Chairman and CEO, said: "The diversity of the work that will be performed under these contracts - from transportation infrastructure in New York to critical facilities in Iraq and worldwide for the U.S. Department of State and construction of an important U.S. Air Force aircraft facility in Guam - illustrate Tutor Perini's ability to deliver projects across a wide range of sectors and geographies."

About Tutor Perini Corporation(NYSE: TPC)

Tutor Perini Corporation (the "Company") 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 & Chief Financial Officer
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