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
TUTOR PERINI CORPORATION: $61.6M Department of Homeland Security Contract
TUTOR PERINI CORPORATION: $81.8M Department of Homeland Security Contract
TUTOR PERINI CORPORATION: $43.1M Department of Homeland Security Contract
TUTOR PERINI CORPORATION: $61.6M Department of Homeland Security Contract
Related Presidential Actions
Executive orders & memoranda affecting the same sectors or companies
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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.
Declaring a National Emergency to Secure the United States Bulk-Power System
This executive order declares a national emergency to restrict foreign-produced bulk-power system electric equipment that poses national security risks, prohibiting new transactions involving equipment from covered foreign entities and allowing the Secretary of Energy to impose conditions on existing equipment. It directs the Secretary of Energy, in coordination with multiple agencies, to identify, mitigate, and potentially replace risky equipment, and establishes a pre-qualification list for approved vendors.
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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