Construction Giant Tutor Perini Secures Major Defense Project

  • Tutor Perini awarded $113.3M contract for missile-integration test facility construction at Naval Base Guam
  • Construction to begin shortly, completion expected by December 2028
  • Facility to include missile processing spaces, test cell, admin area and storage rooms

Tutor Perini, a specialty construction company, has been awarded an $113.3 million contract by the Naval Facilities Engineering Systems Command, Pacific to construct a missile-integration test facility at Naval Base Guam. The project will be carried out by Tutor’s subsidiary, Black Construction. The P-541 Missile Integration Test Facility will span 57,664 square feet and feature missile processing spaces, a test cell with a control room, administrative area, and storage rooms on a deep pile foundation. Construction is set to commence soon, with completion anticipated by December 2028.

Factuality Level: 10
Factuality Justification: The article provides accurate information about the awarded contract, the company involved, the facility’s details and construction timeline without any digressions or misleading statements.
Noise Level: 3
Noise Justification: The article provides relevant information about a specific construction project and its details without any unnecessary filler content or misleading statements.
Public Companies: Tutor Perini (TPC)
Private Companies: Black Construction
Key People: Connor Hart (Author)

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Financial Relevance: Yes
Financial Markets Impacted: No
Financial Rating Justification: The article discusses a construction company being awarded a contract for a military facility, which has financial relevance as it affects the company’s revenue and backlog but does not directly impact financial markets or other companies.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text.
Deal Size: 113300000
Move Size: No market move size mentioned.
Sector: Defense
Direction: Up
Magnitude: Small
Affected Instruments: Stocks

Reported publicly: www.marketwatch.com