Tutor Perini Corporation (NYSE:TPC) said its subsidiary Perini Management Services has been awarded a contract worth approximately $315 million by the US Coast Guard for a new fuel pier at Coast Guard Base Kodiak in Alaska.
The project will use an accelerated design-build-to-budget delivery method and is intended to expand dock capacity at the base to accommodate up to two major cutter berths.
Project Includes Waterfront and Fuel Infrastructure
The scope of the contract includes unexploded ordnance removal, waterfront improvements and construction of a new fueling utility building.
Perini Management Services will also undertake utilities work, cutter shore ties and other site amenities as part of the project.
Design work began in late September, with substantial completion scheduled for September 2030.
Tutor Perini said the approximately $315 million contract value will be included in its reported backlog for the third quarter of 2026.
Tutor Perini Corporation stock price
