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
KIEWIT INFRASTRUCTURE SOUTH CO: $242M Department of Agriculture Contract
KIEWIT INFRASTRUCTURE WEST CO.: $218M Department of the Interior Contract
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
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Modifying the Grand Staircase-Escalante National Monument
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Adjusting Imports of Commercial Aircraft, Jet Engines, and Aircraft and Engine Parts into the United States
The President has determined that imports of commercial aircraft, jet engines, and their associated parts threaten national security under Section 232 of the Trade Expansion Act of 1962. Rather than imposing immediate tariffs, the President directs the Secretary of Commerce and the U.S. Trade Representative to pursue negotiations with foreign trading partners to adjust imports, with a progress report due in 180 days, while reserving the right to consider alternative remedies (including tariffs) depending on the outcome.
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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