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Perini Management Services, Inc. Announces Two Projects Collectively Valued at $48.9 Million

1. Tutor Perini's subsidiary secured a $28.4 million contract from the USAF. 2. The project involves Barrier System Repair at RAF Lakenheath.

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FAQ

Why Bullish?

The contract value indicates strong revenue potential. Historically, government contracts boost market confidence and TPC's share price.

How important is it?

The awarded contract enhances TPC's growth prospects, increasing investor interest.

Why Short Term?

Immediate revenue generation is expected from the contract. Short-term earnings could reflect positively on TPC's stock.

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USAFLMTBAGD
FRAMINGHAM, Mass.--(BUSINESS WIRE)-- #newaward--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that its subsidiary, Perini Management Services, Inc. (PMSI), is underway with work on two new projects that were awarded earlier this year: Barrier System Repair at Royal Air Force (RAF) Lakenheath, United Kingdom Customer/Owner: United States Air Force (USAF) Contract Value: $28,404,177 This project was awarded as a task order.

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