TUTOR PERINI CORPORATION: $144M Department of Homeland Security Contract
Summary
Tutor Perini Corp ($TPC) secured a $144M delivery order from DHS/CBP for construction of a border facility in Jacksonville, FL. This contract adds meaningful revenue to a company that has been operating at a net loss, providing a stabilizing tailwind. The award signals continued government investment in border infrastructure.
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Key Takeaways
- 1.TPC adds $144M to backlog, representing ~3.7% of annual revenue.
- 2.The contract helps offset recent net losses and supports cash flow.
- 3.Border infrastructure spending remains a priority for DHS.
Market Implications
The contract reinforces TPC's position in federal construction, a segment that offers predictable revenue. While the company's overall financial health is challenged, this award adds a meaningful buffer. Investors should monitor TPC's ability to execute profitably on this contract given its recent operating losses of -$115M in FY2025.
⚡ Government Convergence
Active government convergence in this signal’s sector right now.
Over the last 90 days, 209 separate government actions have converged on Border / Immigration Enforcement. What that means: federal dollars are already moving — agencies are soliciting bids and awarding contracts, not just talking, and legislation and executive action are building the policy and funding tailwind behind it. When independent channels move together like this — 157 federal contracts, 29 procurement notices, 14 bills, 8 executive actions and 1 news — it's the clearest early tell that Washington is committing to border / immigration enforcement, the kind of build-up that reshapes the sector well before it's obvious in the headlines.
Converging government actions
- BillMichel O. Maceda Memorial Act · 2024-12-11
- BillA bill to expand the sharing of information with respect to suspected violations of intellectual property rights in trade. · 2025-08-01
- ContractFISHER SAND & GRAVEL CO: $2.8B Department of Homeland Security Contract · 2025-12-17
- ContractSPENCER CONSTRUCTION LLC: $1.1B Department of Homeland Security Contract · 2026-03-18
- ContractSOUTHWEST VALLEY CONSTRUCTORS CO: $1.7B Department of Homeland Security Contract · 2026-05-11
- ContractSOUTHWEST VALLEY CONSTRUCTORS CO: AWARD OF CONSTRUCTION TASK ORDER FOR BORDER WALL IN BIG BEND TEXAS, SEGMENT IDENTIFIED AS BBT-4. · 2026-05-11
- ContractFISHER SAND & GRAVEL CO: BORDER WALL CONSTRUCTION - VERTICAL BARRIER, BIG BEND TEXAS SECTOR (BBT-2) · 2026-05-28
- ContractSLS FEDERAL SERVICES LLC: $1.3B Department of Homeland Security Contract · 2026-07-22
- Executive actionProclamation: Excluding Certain Canadian Products from Importation into the United States in Response to Continued Discrimination Against the Commerce of the United States with Respect to Dairy · 2026-09-08
- Executive actionProclamation: Modifying the Scope of Products of Canada Subject to the Additional Duties Imposed to Offset Canadian Discrimination Against the Commerce of the United States with Respect to Alcoholic Beverages · 2026-09-08
- Executive actionProclamation: Modifying the Scope of Products of Canada Subject to the Additional Duties Imposed to Offset Canadian Discrimination Against the United States with Respect to Motor Vehicles · 2026-09-08
- ContractSOUTHWEST VALLEY CONSTRUCTORS CO: CONSTRUCTION OF U.S. CUSTOMS AND BORDER PROTECTION FACILITY IN SIERRA VISTA, AZ · 2026-09-30
- ContractBARNARD CONSTRUCTION COMPANY, INCORPORATED: BORDER WALL CONSTRUCTION FOR EL PASO SECTOR - EPT-5 · 2026-09-30
- ContractBARNARD SPENCER JOINT VENTURE: CONSTRUCT 23 MILES OF BORDER WALL SYSTEM AND 81 MILES OF SYSTEM ATTRIBUTES. · 2026-09-30
Full Analysis
The contract is a $144M delivery order awarded to TUTOR PERINI CORPORATION by the Department of Homeland Security's U.S. Customs and Border Protection for construction of a facility in Jacksonville, FL. The period of performance runs from September 2026 to September 2029, indicating a multi-year project. TPC is the direct recipient and a publicly traded construction company (ticker ). Based on SEC EDGAR filings, TPC reported FY2025 revenue of $3.9B and a net loss of -$171M, so this contract represents roughly 3.7% of annual revenue, or about 1.2% per year over the contract term. While not transformative, it provides a meaningful boost to backlog and cash flow for a company currently operating at a loss. No specific legislation in the provided bill signals directly authorizes this contract; it likely falls under existing DHS appropriations for border security infrastructure. However, the broader trend of government investment in border facilities supports sustained demand for construction services. Subcontractors and suppliers that may benefit include mechanical and electrical contractors such as EMCOR Group ($EMKR) and Comfort Systems USA ($FIX), which often participate in large federal construction projects. Historically, federal construction contracts provide stable, multi-year revenue streams that help companies like TPC maintain utilization rates and improve margins, especially when awarded during periods of financial strain.
Connected Signals
Matched on shared policy language across AI analyses, with ticker & timing weight
BOLLINGER SHIPYARDS LOCKPORT, L.L.C.: $2.1B Department of Homeland Security Contract
STATE OF FLORIDA DIVISION OF EMERGENCY MANAGEMENT: $2.9B Department of Homeland Security Grant
NORTH CAROLINA DEPARTMENT OF PUBLIC SAFETY: $2.5B Department of Homeland Security Grant
STATE OF FLORIDA DIVISION OF EMERGENCY MANAGEMENT: $1.6B Department of Homeland Security Grant
GEORGIA EMERGENCY MANAGEMENT AND HOMELAND SECURITY AGENCY: $1.6B Department of Homeland Security Grant
GOVERNOR'S AUTHORIZED REPRESENTATIVE: $1.8B Department of Homeland Security Grant
STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION: $1.8B Department of Transportation Grant
DAVIE DEFENSE INC.: $3.5B Department of Homeland Security Contract
Related Presidential Actions
Executive orders & memoranda affecting the same sectors or companies
Restoring Reciprocity in Government Procurement
This Presidential Memorandum directs the Office of Management and Budget, the U.S. Trade Representative, and other federal agencies to identify and remove Canadian-origin items from federal civil procurement where possible, citing Canada's 'Buy Canadian' policies as discriminatory. It also requires agencies to be notified of domestic alternatives and mandates ongoing monitoring of Canada's procurement practices, with provisions for restoring access if Canada changes its policies.
Providing Meaningful Water Quality Improvements Through Collaboration and Oversight of Federal Support
This executive order revokes Executive Order 13508, which had mandated Chesapeake Bay restoration efforts, and directs federal agencies to prioritize funding for direct, on-the-ground water quality projects. It also instructs the EPA to work with states to assess and encourage the repeal of stormwater management fees (rain taxes) that have burdened residents, aiming to reduce costs while maintaining environmental progress.
Adjusting Certain Delegations Under the Defense Production Act
This proclamation amends Executive Order 13603 to share authority under the Defense Production Act for energy matters between the Secretary of the Interior and the Secretary of Energy, allowing each to act independently, and directs inter-agency dispute resolution via the National Energy Dominance Council and National Security Council, with coordination from the Department of War when national defense is implicated.
Contract Details
Recipient
TUTOR PERINI CORPORATION
Award Amount
$144,000,000
Awarding Agency
Department of Homeland Security
Sub-Agency
U.S. Customs and Border Protection
Contract Type
DELIVERY ORDER
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