Tutor Perini Corporation's Subsidiary Perini Management Services Announces Two New Projects Valued at $48.9 Million.

Perini Management Services, Inc. has announced two projects valued at $48.9 million. The first project is a barrier system repair at Royal Air Force Lakenheath in the UK, with a contract value of $28.4 million. The second project is the Rio Bayamon Housing Infrastructure, Utilities, and Resiliency in Puerto Rico, with a contract value of $20.5 million. Both projects were awarded earlier this year and are expected to be completed by 2026 and 2027, respectively.

Framingham, Mass. – Tutor Perini Corporation (NYSE: TPC), a leading civil, building, and specialty construction company, has announced that its subsidiary, Perini Management Services, Inc. (PMSI), is commencing work on two major projects. These projects, valued at $48.9 million, were awarded earlier this year and are expected to be completed by 2026 and 2027, respectively.

The first project, a barrier system repair at Royal Air Force (RAF) Lakenheath in the United Kingdom, has a contract value of $28.4 million. The work, which began in February 2025, includes civil, mechanical, electrical, and paving scopes of work for the design and construction of security fencing, aircraft, vehicle, and pedestrian gates, infrastructure to support surveillance equipment, and patrol roads. Substantial completion is anticipated in the fall of 2026 [1].

The second project, Rio Bayamon Housing Infrastructure, Utilities, and Resiliency in Puerto Rico, has a contract value of $20.5 million. This design-build project aims to enhance the resilience of the electrical and water storage infrastructure and distribution at the Rio Bayamon Housing site. The scope of work includes construction of new access roads, security fencing and gates, patching existing roadways and curbs for new electrical distribution, resiliency work, a new utility building, water storage tank, selective demolition, and improvements to existing storm drainage piping. Work began in January 2025, with substantial completion expected in the spring of 2027 [1].

These projects highlight Tutor Perini Corporation's continued commitment to delivering large, complex projects on time and within budget. The company's expertise in design-bid-build, design-build, construction management, and public-private partnership (P3) projects underscores its ability to manage diverse construction needs.

References:
[1] https://www.stocktitan.net/news/TPC/perini-management-services-inc-announces-two-projects-collectively-bze3ak72jr57.html