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0.00259291270527235 0.00259291270527235 0.00151253241140882 0.00172860847018147 0.00302506482281764 -0.00410544511668102 -0.00129645635263618 -0.0142610198789973
Stock impact report

Tutor Perini-Nan JV secures additional $232m contract for Apra Harbor project [Yahoo! Finance]

Tutor Perini Corporation (TPC) 
Last tutor perini corporation earnings: 2/26 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
This move brought the total value of the contract, awarded by Naval Facilities Engineering Systems Command Marianas, to approximately $563m. The Apra Harbor Waterfront Repairs Project, a design-build initiative led by Tutor Perini, focuses on rehabilitating the Glass Breakwater and revitalising waterfront areas in Guam damaged by storms, including Typhoon Mawar in May 2023. Tutor Perini stated that the expanded scope includes reinforcing sections of the Glass Breakwater to mitigate future breaches and conducting shoreline repairs within the inner harbour. Tutor Perini, the project's managing partner, will oversee the project through its Guam-based subsidiary, Black Construction, with Nan holding a 30% stake in the JV. The design phase is currently in progress, with the start of in-water construction set for the fourth quarter (Q4) of 2025 and a projected substantial completion date in July 2029. The incremental $232m value from the approved options is scheduled to be incorp Show less Read more
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