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Tutor Perini-O&G JV Announces Pending Contract for the $3.76 Billion New York City Borough-Based Jail System, Manhattan Facility

1. Tutor Perini's joint venture secures contract for Manhattan Jail Project. 2. Public hearing completed, supporting project's advancement and potential revenue increase.

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FAQ

Why Bullish?

The secured contract enhances revenue prospects and market position, similar to past successful projects boosting share prices.

How important is it?

The contract is significant for TPC's growth trajectory, directly influencing future financial performance.

Why Long Term?

The construction project will generate revenue over time, impacting future earnings and company growth.

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O&GNYC
LOS ANGELES--(BUSINESS WIRE)-- #newaward--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that the Tutor Perini-O&G Joint Venture is in the process of executing contract documents for the previously announced Manhattan Jail Project in New York. The City of New York recently held a public hearing regarding the proposed contract for this project between the New York City Department of Design and Construction and the Tutor.

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