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Perini Management Services, Inc. Awarded $900 Million USACE Middle East District Multiple-Award Task Order Contract

1. TPC's subsidiary received a $900 million MATOC from the U.S. Army Corps. 2. This contract spans seven years with potential for significant revenue growth.

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FAQ

Why Bullish?

The $900 million contract indicates strong future revenue potential for TPC, similar to past similar contracts that resulted in stock price increases. Previous awards in the construction sector have positively influenced similar firms' stock valuations.

How important is it?

The magnitude of the contract signals substantial growth opportunities, making it crucial for stakeholder interest and potential stock price impacts. The awarded contract aligns with TPC's strategic goals, enhancing its competitive position.

Why Long Term?

The 7-year duration of the contract suggests sustained revenue over time, enhancing long-term financial stability. Historically, contracts of this scale have led to increased investor confidence and long-term stock appreciation.

Related Companies

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), has been awarded a construction multiple-award task order contract (“MATOC”) by the U.S. Army Corps of Engineers, Middle East District. The contract provides a shared capacity of $900 million over seven years (a two-year base period and five one-year options periods) f.

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