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Tutor Perini to be Awarded $1.871 Billion Staging and Storage Facility and Ramp Structure for the Midtown Bus Terminal Redevelopment

1. TPC awarded a $1.871 billion contract by the Port Authority for redevelopment. 2. The contract is for Midtown Bus Terminal construction components.

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FAQ

Why Very Bullish?

The substantial contract amount indicates a strong revenue influx, historically boosting stock prices.

How important is it?

A large contract can significantly enhance market perception and future earnings potential for TPC.

Why Long Term?

The contract's size suggests sustained revenue growth potential over several years.

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NEW YORK--(BUSINESS WIRE)-- #newaward--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that the Port Authority of New York and New Jersey's Board of Commissioners has voted to authorize the award of a $1.871 billion contract to Tutor Perini Corporation to construct the Staging and Storage Facility and Ramp Structure components of the Midtown Bus Terminal Redevelopment Program in New York City. The scope of work includes con.

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