TUTOR PERINI CORPORATION: $61.6M Department of Homeland Security Contract
Summary
Tutor Perini Corporation wins a $61.6M delivery order from the U.S. Coast Guard for a child development center in Kodiak, Alaska. This contract adds to the company's federal backlog and supports revenue through early 2029, with a moderate impact on the stock given the size relative to total revenue.
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Key Takeaways
- 1.Tutor Perini secures $61.6M Coast Guard construction contract, adding to federal backlog.
- 2.Contract runs through 2029, providing multi-year revenue visibility.
- 3.Modest impact on stock given ~1.5% of annual revenue, but reinforces federal segment strength.
Market Implications
For Tutor Perini (TUTOR), this contract is a positive signal of continued federal construction demand, though the size is modest relative to the company's $4B revenue. Investors should view this as incremental support for the federal segment, which is a key growth area. The stock may see a slight uptick on the news, but the primary catalyst remains broader infrastructure spending trends and the company's ability to win larger projects.
Full Analysis
- The contract: Tutor Perini Corporation has been awarded a $61.6M delivery order by the U.S. Coast Guard (Department of Homeland Security) for design-build construction services for a Child Development Center at Coast Guard Base Kodiak, Alaska. The contract runs from May 2026 to January 2029, providing multi-year revenue visibility. 2) The parent company: Tutor Perini (NYSE: TUTOR) is a publicly traded construction firm specializing in civil, building, and specialty construction. With annual revenue around $4B, this $61.6M award represents roughly 1.5% of revenue, a meaningful but not transformative addition to its federal segment. The company's federal backlog is a key driver of investor sentiment. 3) Connection to legislation: While no specific bill directly authorizes this contract, the broader infrastructure spending environment is supported by bills like S4459 (Expanding Appalachia’s Broadband Access Act) and HR8439 (Commission on Natural Disaster Risk Management and Insurance Act), which signal continued government investment in infrastructure. However, this contract is funded through DHS appropriations, not those specific bills. 4) Supply chain winners: Subcontractors and suppliers for this project may include regional construction materials firms and engineering consultants. Potential beneficiaries include Granite Construction (NYSE: GVA) for materials and AECOM (NYSE: ACM) for design services, though specific subcontractors are not disclosed. 5) Historical pattern: Federal construction contracts for Tutor Perini have historically contributed to steady backlog growth and supported stock performance during periods of increased government spending. Multi-year awards like this reduce earnings volatility and are viewed positively by investors.
Connected Signals
Matched on shared policy language across AI analyses, with ticker & timing weight
SPENCER CONSTRUCTION LLC: $1.1B Department of Homeland Security Contract
FISHER SAND & GRAVEL CO: $2.8B Department of Homeland Security Contract
SOUTHWEST VALLEY CONSTRUCTORS CO: $1.7B Department of Homeland Security Contract
FISHER SAND & GRAVEL CO: $2.6B Department of Homeland Security Contract
STATE OF FLORIDA DIVISION OF EMERGENCY MANAGEMENT: $2.9B 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
NORTH CAROLINA DEPARTMENT OF PUBLIC SAFETY: $2.4B Department of Homeland Security Grant
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
$61,596,968
Awarding Agency
Department of Homeland Security
Sub-Agency
U.S. Coast Guard
Contract Type
DELIVERY ORDER
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