Construction Industry News: Tutor Perini Corp
Monday, March 26th, 2012Construction Industry News: Tutor Perini Corp (NYSE: TPC)
Tutor Perini Corporation (NYSE: TPC – News), a leading civil and building construction company, recently announced that its subsidiary, Perini Management Services, Inc. (PMSI), has been awarded a task order valued at $55 million by the U.S. Army Corps of Engineers (USACE) Middle East District. The task order was competitively bid under the multi-year USACE MATOC program for work in the 20 country region of the U.S. Central Command’s area of responsibility.
The project involves the design and construction of overhead ballistic covers to protect U.S. government personnel at three locations in Iraq. PMSI has built 127 similar structures at military and diplomatic installations in Iraq over the past seven years. The covers are built over existing temporary structures such as dining facilities and housing units to deflect and prevent damage from indirect fire of rockets and mortars.
PMSI’s work on overhead coverage systems has been recognized nationally by the Construction Management Association of America (CMAA), Design-Build Institute of America (DBIA) and the American Council of Engineering Companies (ACEC). The program also earned the 2007 USACE Project Delivery Team Merit Award and a commendation letter from General David H. Petraeus.
The PMSI team includes Tetra Tech of Pasadena, CA for architect/engineering services.
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.
Tutor Perini Corporation website: http://www.tutorperini.com
Recently, Chairman & CEO, Ronald Tutor trimmed his holdings to 10,537,575 shares (22.3%) by selling 734,583 from Dec. 6 through March 7 at $12.25 to $15.57 per share.
To see the SEC filings of the 13D: http://www.sec.gov/Archives/edgar/data/77543/000114036112017059/formsc13da.htm
YAHOO FINANCE: TOP (Tutor Perini Corp., NYSE: TPC) Institutional and Mutual Fund Holders
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