2023-04-24 06:14:23 ET
- Civil, building and specialty construction company, Tutor Perini ( NYSE: TPC ) Guam-based subsidiary, Black Micro has been awarded a firm-fixed-price contract valued at $221.69M by the Naval Facilities Engineering Systems Command Pacific for construction at Tinian International Airport, Tinian, Commonwealth of Northern Mariana Islands (or CNMI).
- The contract contains three unexercised options, which if exercised, would increase the cumulative contract value to $225.67M
- Work is expected to begin immediately with substantial completion anticipated expected by October 2026.
- The contract value will be included in the company’s Q2 2023 backlog.
For further details see:
Tutor Perini secures $222M Tinian International Airport project