9/103 sources · 3 publishersUpdated Oct 8, 14:19 UTC
Tutor Perini subsidiary secures $315 million U.S. Coast Guard fuel‑pier contract in Alaska
Tutor Perini’s construction unit won a $315 million design‑build contract from the U.S. Coast Guard to build a fuel pier at Base Kodiak, Alaska. Work is slated to begin in late September 2023 and finish by September 2030. The award will be recorded in the company’s backlog for the third quarter of 2026. The subsidiary is identified as PMSI in one release and as Perini Management Services in another.
Why it matters
Tutor Perini says the contract expands its backlog and aligns with its strategy of pursuing large, complex infrastructure projects, which should support future revenue growth.
Key facts
- 1The contract value is $315 million. tradingview.com
- 2Work is scheduled to start in late September 2023. investing.com
- 3The project must be completed by September 2030. investing.com
- 4The award will be added to the Q3 2026 backlog. tradingview.com
- 5The subsidiary is named PMSI in the TradingView release. tradingview.com
- 6The subsidiary is named Perini Management Services in the Seeking Alpha release. seekingalpha.com
Open questions
- The subsidiary name differs between sources (PMSI vs. Perini Management Services).
Summary written by AlphAI from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.