TUTOR PERINI CORPORATION: $315M Department of Homeland Security Contract
Summary
Tutor Perini Corporation ($TPC) has been awarded a $315M design-build contract by the U.S. Coast Guard for a fuel pier and mooring at Base Kodiak, AK. This award represents roughly 8% of TPC's annual revenue, providing significant backlog and revenue visibility through 2030. The contract aligns with federal infrastructure spending and is a positive catalyst for the company's federal segment.
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Key Takeaways
- 1.$TPC secures $315M Coast Guard contract, ~8% of annual revenue.
- 2.Multi-year award (2026-2030) provides revenue visibility and supports turnaround.
- 3.Federal infrastructure spending remains a tailwind for construction primes.
Market Implications
The award is a positive catalyst for TPC, potentially improving investor sentiment given the company's recent losses. The contract adds $315M to backlog, which is a key metric for construction stocks. Investors should monitor TPC's quarterly backlog disclosures for confirmation. The broader infrastructure sector may see indirect interest, but TPC is the primary beneficiary.
Full Analysis
The U.S. Coast Guard, under the Department of Homeland Security, has awarded Tutor Perini Corporation a $315M delivery order for the design and construction of a fuel pier and major cutter mooring at Base Kodiak, Alaska. This is a design-build to budget award, indicating a fixed scope and price, which reduces execution risk. The contract period runs from September 2026 to September 2030, providing a multi-year revenue stream.
Tutor Perini is the direct recipient, and the company's FY2025 revenue was $3.9B, so this award represents approximately 8.1% of annual revenue. Given the company's recent net losses (-$171M in FY2025), this contract is a meaningful addition to its backlog and helps stabilize future cash flows. The federal segment is a strategic focus, and this award strengthens its position in the defense infrastructure niche.
While no specific legislation directly authorizes this exact award, the related bill HR10459, which amends federal contract requirements, is a neutral signal but indicates ongoing congressional attention to federal procurement processes. The award is funded through DHS appropriations, which are part of the broader federal budget. The contract is a direct result of the Coast Guard's infrastructure modernization needs, not a specific new law.
Supply chain beneficiaries are not explicitly named, but subcontractors in marine construction, fuel systems, and environmental remediation could benefit. However, without specific public companies identified, we focus on TPC as the primary beneficiary. Historically, large infrastructure awards to companies like TPC have led to sustained revenue growth and improved margins, though stock price reactions vary based on market conditions.
Overall, this is a high-impact contract for TPC given its size relative to revenue, but it is not transformative on a sector-wide scale. The impact score of 6 reflects meaningful new business that strengthens TPC's federal pipeline.
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
Direct prime contract award for design and construction of a fuel pier and mooring at USCG Base Kodiak, AK.
Who must act
U.S. Coast Guard (Department of Homeland Security) awards to Tutor Perini Corporation.
What happens
$315M added to backlog, representing approximately 8.1% of FY2025 revenue ($3.9B).
Stock impact
Tutor Perini is a major civil infrastructure contractor; this award bolsters its federal segment, which is a key growth area. The company has been turning around from losses, and this large, multi-year contract provides revenue visibility.
Connected Signals
Matched on shared policy language across AI analyses, with ticker & timing weight
To amend titles 41 and 10, United States Code, to include new requirements for Federal contracts, and for other purposes.
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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.
Accelerating Access To Veterans' Benefits And Employment Opportunities
This proclamation orders the Secretaries of War and Veterans Affairs to mandate rapid, ongoing digital sharing of military personnel and medical records, deploy AI-powered tools for benefits applications, and update existing IT contracts for interoperability. It also requires the Transition Assistance Program to connect separating service members to specific jobs or training programs before discharge.
Contract Details
Recipient
TUTOR PERINI CORPORATION
Award Amount
$315,000,000
Awarding Agency
Department of Homeland Security
Sub-Agency
U.S. Coast Guard
Contract Type
DELIVERY ORDER
Related Bills
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