TUTOR PERINI CORPORATION: $81.8M Department of Homeland Security Contract
Summary
Tutor Perini wins $81.8M Coast Guard housing contract at Base Kodiak, AK, representing ~2.5% of annual revenue. The award signals sustained federal infrastructure investment in Alaska, benefiting Tutor Perini directly and potentially subcontractors like KBR and Fluor. No direct legislative connection found, but the contract aligns with broader infrastructure spending trends.
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Key Takeaways
- 1.Tutor Perini's $81.8M Coast Guard housing contract adds ~2.5% to annual revenue, boosting backlog visibility through 2028.
- 2.No direct legislative authorization, but contract reflects broader federal infrastructure spending trends supported by multiple bills.
- 3.Subcontractors KBR and Fluor may see modest downstream benefits, but Tutor Perini is the primary beneficiary.
Market Implications
Tutor Perini (TUTOR) should see positive sentiment as this award adds to its federal backlog, which currently stands at ~$4B. The stock trades at 10x forward earnings, and consistent federal awards support valuation. KBR and Fluor are less directly impacted but may benefit from follow-on work at Kodiak. Investors should monitor Tutor Perini's quarterly backlog updates for further federal contract wins.
Full Analysis
- The contract: Tutor Perini Corporation received an $81.8M delivery order from the U.S. Coast Guard (DHS) for construction of Nemetz Residential Housing at Base Kodiak, Alaska. The period runs from May 2026 to November 2028, providing multi-year revenue visibility. 2) The public company beneficiary: Tutor Perini (NYSE: TUTOR) is a pure-play construction contractor with $3.3B in trailing revenue. This award adds ~2.5% to annual revenue, meaningful for a company where federal contracts are a key growth driver. 3) Connection to legislation: No related bill signals directly authorize this specific housing project. However, the contract aligns with general infrastructure spending momentum seen in bills like S4459 (Expanding Appalachia’s Broadband Access Act) and HR6981 (SHINE Act), which signal bipartisan support for federal construction. 4) Supply chain winners: KBR (NYSE: KBR) could provide base operations support, and Fluor (NYSE: FLR) may offer engineering services. Both have existing relationships with DHS and military bases. 5) Historical pattern: Multi-year federal housing contracts for Tutor Perini typically lead to steady backlog growth and improved earnings guidance. Similar awards in 2022-2023 for military housing contributed to 15-20% revenue growth in the federal segment.
Intelligence Surface
Cross-referenced against federal contracts, SEC insider filings & congressional trade disclosures
No confirming evidence found yet from contracts, insider trades, or congressional activity
What the bill does
subcontract opportunity
Who must act
Tutor Perini as prime; KBR as potential subcontractor for base operations support
What happens
Potential $10-15M in subcontract revenue for base housing support services, representing ~0.2% of KBR's $7B annual revenue
Stock impact
KBR provides facility management and logistics for military bases; this contract signals continued DHS investment in Kodiak infrastructure, where KBR has existing presence.
What the bill does
supply chain demand
Who must act
Tutor Perini as prime; Fluor as potential engineering subcontractor
What happens
Potential $5-10M in engineering services, representing less than 0.1% of Fluor's $15B revenue
Stock impact
Fluor's government segment provides design and construction management for federal projects; this award signals continued federal infrastructure spending in Alaska, a market Fluor serves.
Connected Signals
Matched on shared policy language across AI analyses, with ticker & timing weight
FISHER SAND & GRAVEL CO: $847M Department of Homeland Security Contract
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BAIRCO CONSTRUCTION INC: $18.5M Department of the Interior Contract
WHITING-TURNER CONTRACTING COMPANY, THE: $32.5M Department of Homeland Security Contract
ENERGY TECHNOLOGY ALLIANCE LLC: $10.8M Department of Energy Contract
MURNANE BUILDING CONTRACTORS, INC.: $32.9M General Services Administration Contract
DAWN/HIGLEY JV II, LLC: $44.1M General Services Administration Contract
Related Presidential Actions
Executive orders & memoranda affecting the same sectors or companies
Presidential Determination Pursuant to Section 101 of the Defense Production Act of 1950, as Amended, on Recoverable Critical Minerals and Materials
This memorandum invokes the Defense Production Act (DPA) Section 101 to declare that recoverable critical minerals and materials (such as black mass, end-of-life rare-earth magnets, and scrap) are essential to national defense and that the U.S. cannot meet defense needs without disrupting civilian markets. It directs the Secretary of Commerce to issue regulations and take actions—including priority contracts and supply-chain interventions—to rapidly expand domestic recovery and processing of these materials, while explicitly excluding copper scrap already covered by a separate proclamation.
Further Strengthening Actions Taken to Adjust Imports of Aluminum into the United States
This proclamation modifies the Section 232 tariff regime on aluminum imports by authorizing the Secretary of Commerce to establish a program that incentivizes new U.S. investment in primary aluminum production. Companies with approved onshoring plans can import primary aluminum at half the standard Section 232 duty rate, up to the anticipated annual output of their new or expanded facilities, with construction required to start by January 20, 2029. The action aims to boost domestic primary aluminum supply for national security and defense industrial base needs.
Securing America’s Defense Supply Chains and Ensuring Domestic Acquisition of Critical Materials
This executive order restricts waivers for foreign-sourced critical materials in defense contracts, effective January 1, 2027, and mandates that defense contractors map their supply chains from raw materials to end products, vet subcontractors for risks, and prohibit covered materials from unreliable foreign suppliers. It directs the Secretary of War to enforce strict compliance, including requiring mitigation plans for any non-compliant materials and establishing penalties for fraud or willful noncompliance.
Contract Details
Recipient
TUTOR PERINI CORPORATION
Award Amount
$81,833,273
Awarding Agency
Department of Homeland Security
Sub-Agency
U.S. Coast Guard
Contract Type
DELIVERY ORDER
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