TUTOR PERINI CORPORATION: $81.8M Department of Homeland Security Contract
Summary
Tutor Perini Corp ($TPC) won an $81.8M contract from the U.S. Coast Guard for housing construction in Alaska, representing ~2.1% of its annual revenue. This is a meaningful but not transformative award for the struggling construction firm, providing backlog support.
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Key Takeaways
- 1.Tutor Perini Corp ($TPC) wins $81.8M Coast Guard housing contract, representing ~2.1% of revenue.
- 2.Contract is multi-year (2026-2028), providing backlog stability for the struggling construction firm.
- 3.No direct legislative connection; funding comes from DHS appropriations.
- 4.Limited supply chain impact; local subcontractors and material suppliers may benefit modestly.
Market Implications
For , this contract adds $81.8M to backlog, which is about 2.1% of annual revenue. Given the company's negative net income, any incremental revenue helps, but the impact on EPS is minimal. The stock may see a slight uptick on the news, but the broader market reaction is likely muted. No other publicly traded companies are directly impacted.
Full Analysis
- The contract: Tutor Perini Corporation received an $81.8M delivery order from the U.S. Coast Guard (Department of Homeland Security) for the construction of Nemetz Residential Housing at Base Kodiak, Alaska. The contract runs from May 2026 to November 2028, indicating a multi-year project. 2) The parent company: Tutor Perini Corp is the direct recipient and a publicly traded construction firm. With FY2025 revenue of $3.9B and a net loss of $171M, this $81.8M contract represents about 2.1% of annual revenue. While not transformative, it adds to backlog and supports the company's federal infrastructure segment. 3) Connection to legislation: No specific bill in the provided list directly authorizes this contract. However, the Department of Homeland Security's budget, including Coast Guard infrastructure, is typically authorized through annual appropriations bills (e.g., DHS Appropriations Act). The related bills provided (e.g., HR9857, S5354) are not directly connected to this award. 4) Supply chain winners: Subcontractors for this project are not specified, but typical beneficiaries include local Alaska construction firms, material suppliers (e.g., concrete, lumber), and equipment rental companies. Smaller-cap companies like $SUM (Summit Materials) or $MLM (Martin Marietta Materials) could see indirect benefits if they supply materials, but the impact is minimal. 5) Historical pattern: Tutor Perini has a history of winning federal construction contracts, particularly for military housing and infrastructure. Such awards typically provide stable, multi-year revenue streams but do not dramatically shift the company's financial trajectory given its large revenue base. The stock may see a modest positive reaction, but the impact is limited.
Connected Signals
Matched on shared policy language across AI analyses, with ticker & timing weight
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TUTOR PERINI CORPORATION: $61.6M Department of Homeland Security Contract
TUTOR PERINI CORPORATION: $81.8M Department of Homeland Security Contract
Related Presidential Actions
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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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