Perini

Tutor Perini Comments on Media Reports Regarding Potential Acquisition Transaction

Retrieved on: 
Monday, March 2, 2020
Manufacturing, Other Construction & Property, Commercial Building & Real Estate, Construction & Property, Engineering, Tutor Perini, Business, Perini, Companies, Corporations, Transaction cost, Board of directors, Tutor-Saliba Corporation

In response to media reports, Tutor Perini Corporation (NYSE: TPC), a leading civil, building and specialty construction company, confirmed today that a Special Committee of its Board of Directors comprised of independent directors, on behalf of the Company, is engaged in discussions regarding a potential transaction for the acquisition of Tutor Perini.

Key Points: 
  • In response to media reports, Tutor Perini Corporation (NYSE: TPC), a leading civil, building and specialty construction company, confirmed today that a Special Committee of its Board of Directors comprised of independent directors, on behalf of the Company, is engaged in discussions regarding a potential transaction for the acquisition of Tutor Perini.
  • The Special Committee expects that Ronald N. Tutor, Chairman and Chief Executive Officer, would continue to retain his management leadership role with the Company and significant shareholdings in the Company following any potential transaction.
  • No definitive agreement providing for a transaction has been reached, and there can be no assurances that any transaction will result from these discussions or as to the terms, timing or approval of any such transaction that may be proposed.
  • Tutor Perini Corporation is a leading civil, building and specialty construction company offering diversified general contracting and design-build services to private clients and public agencies throughout the world.

Tutor Perini Confirms Award of $432 Million Contract for the Division 20 Portal Widening and Turnback Facility Project

Retrieved on: 
Thursday, February 27, 2020
Rail, Transport, Other Construction & Property, Construction & Property, Urban planning, Public transport, Tutor Perini, Perini, Companies, Tutor-Saliba Corporation

Tutor Perini Corporation (NYSE: TPC), a leading civil, building and specialty construction company, today announced that the Los Angeles County Metropolitan Transportation Authority has awarded the Company a contract for the $432 million Division 20 Portal Widening and Turnback Facility project.

Key Points: 
  • Tutor Perini Corporation (NYSE: TPC), a leading civil, building and specialty construction company, today announced that the Los Angeles County Metropolitan Transportation Authority has awarded the Company a contract for the $432 million Division 20 Portal Widening and Turnback Facility project.
  • Work is expected to begin in the spring of 2020 with substantial completion anticipated in early 2024.
  • The contract value was included in the Companys fourth quarter 2019 backlog.
  • Tutor Perini Corporation is a leading civil, building and specialty construction company offering diversified general contracting and design-build services to private clients and public agencies throughout the world.

Black Construction Corp. Awarded Three Projects Collectively Valued at $28 Million

Retrieved on: 
Monday, February 24, 2020
Architecture, Contracts, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Defense, Construction & Property, Engineering, Urban planning, Building Systems, Landscape, Interior design, Manufacturing, Tutor Perini, Perini, Construction, Companies

Tutor Perini Corporation (NYSE: TPC), a leading civil, building and specialty construction company, announced today that its subsidiary, Black Construction Corp., in a joint venture with MACE International, has been awarded by the U.S.

Key Points: 
  • Tutor Perini Corporation (NYSE: TPC), a leading civil, building and specialty construction company, announced today that its subsidiary, Black Construction Corp., in a joint venture with MACE International, has been awarded by the U.S.
  • Naval Facilities Engineering Command, Far East District, three new task orders for projects in Diego Garcia collectively valued at approximately $28 million.
  • The first task order, valued at approximately $12.3 million, is for a project to construct a 34-meter antenna facility and support infrastructure at the U.S.
  • We have provided construction services since 1894 and have established a strong reputation within our markets by executing large, complex projects on time and within budget while adhering to strict quality control measures.

Tutor Perini Announces Conference Call to Discuss Fourth Quarter and Full Year 2019 Results

Retrieved on: 
Wednesday, February 19, 2020
Residential Building & Real Estate, Commercial Building & Real Estate, Urban planning, Manufacturing, Construction & Property, Landscape, Interior design, Building Systems, Architecture, Engineering, Other Construction & Property, Tutor Perini, Ronald Tutor, Perini, Conference call, Tutor, New York Stock Exchange, Companies, Economy of the United States, Economy of New York City

Tutor Perini Corporation (NYSE: TPC), a leading civil, building and specialty construction company, announced today that it will host a conference call at 2:00 PM Pacific Time on Wednesday, February 26, 2020, to discuss the Company's fourth quarter and full year 2019 results.

Key Points: 
  • Tutor Perini Corporation (NYSE: TPC), a leading civil, building and specialty construction company, announced today that it will host a conference call at 2:00 PM Pacific Time on Wednesday, February 26, 2020, to discuss the Company's fourth quarter and full year 2019 results.
  • Speakers on the call from Tutor Perini will be Ronald Tutor, Chairman and CEO, and Gary Smalley, Executive Vice President and CFO.
  • To participate in the conference call, please dial 877-407-8293 five to ten minutes prior to the scheduled time.
  • The conference call will be webcast live over the Internet and can be accessed by all interested parties on Tutor Perini's website at www.tutorperini.com .

Lunda Construction Awarded $50 Million 10th Avenue Historic Bridge Rehabilitation Project

Retrieved on: 
Wednesday, January 22, 2020
Commercial Building & Real Estate, Construction & Property, Other Transport, Engineering, Urban planning, Other Construction & Property, Transport, Manufacturing, Tutor Perini, Perini, Companies, Tutor-Saliba Corporation

Tutor Perini Corporation (NYSE: TPC), a leading civil, building and specialty construction company, announced today that its subsidiary, Lunda Construction Company, has been awarded a contract by the City of Minneapolis Department of Public Works valued at approximately $50 million for the 10th Avenue Historic Bridge Rehabilitation Project.

Key Points: 
  • Tutor Perini Corporation (NYSE: TPC), a leading civil, building and specialty construction company, announced today that its subsidiary, Lunda Construction Company, has been awarded a contract by the City of Minneapolis Department of Public Works valued at approximately $50 million for the 10th Avenue Historic Bridge Rehabilitation Project.
  • The bridge, originally built in 1929 and listed on the National Register of Historic Places, currently carries approximately 10,000 vehicles and hundreds of pedestrians over the Mississippi River each day.
  • Construction work is already underway with substantial completion anticipated in the summer of 2021.
  • Tutor Perini Corporation is a leading civil, building and specialty construction company offering diversified general contracting and design-build services to private clients and public agencies throughout the world.

Tutor Perini Statement on Jury's Decision in SR 99 Alaskan Way Viaduct Replacement Project Trial

Retrieved on: 
Saturday, December 14, 2019
Commercial Building & Real Estate, Construction & Property, Legal, Professional services, Economy, Tutor Perini, Finance, Money, Perini, Insurance, Thurston

al., a trial conducted in the Thurston County District Court in the state of Washington.

Key Points: 
  • al., a trial conducted in the Thurston County District Court in the state of Washington.
  • The Company is reviewing todays decision to evaluate any potential financial impact on the Company and will provide any required disclosure once that evaluation has been completed.
  • A separate court trial in King County, Washington pertaining to the pursuit of associated claims against insurance policies that covered the project is expected to occur in the latter part of next year or in 2021.
  • Tutor Perini Corporation is a leading civil, building and specialty construction company offering diversified general contracting and design-build services to private clients and public agencies throughout the world.

Tutor Perini Announces Conference Call to Discuss Third Quarter 2019 Results

Retrieved on: 
Wednesday, October 30, 2019
Other Construction & Property, Commercial Building & Real Estate, Construction & Property, Tutor Perini, Ronald Tutor, Perini, Conference call, Tutor

Tutor Perini Corporation (NYSE: TPC), a leading civil, building and specialty construction company, announced today that it will host a conference call at 2:00 PM Pacific Time on Wednesday, November 6, 2019, to discuss the Company's third quarter 2019 results.

Key Points: 
  • Tutor Perini Corporation (NYSE: TPC), a leading civil, building and specialty construction company, announced today that it will host a conference call at 2:00 PM Pacific Time on Wednesday, November 6, 2019, to discuss the Company's third quarter 2019 results.
  • Speakers on the call from Tutor Perini will be Ronald Tutor, Chairman and CEO, and Gary Smalley, Executive Vice President and CFO.
  • To participate in the conference call, please dial 877-407-8293 five to ten minutes prior to the scheduled time.
  • The conference call will be webcast live over the Internet and can be accessed by all interested parties on Tutor Perini's website at www.tutorperini.com .

Tutor-Saliba Prevails in Westgate Planet Hollywood Case

Retrieved on: 
Friday, October 4, 2019
Commercial Building & Real Estate, Construction & Property, Urban planning, Tutor Perini, Tutor-Saliba Corporation, Perini, Westgate, Saliba, Companies, Westgate Resorts

Tutor Perini Corporation (NYSE: TPC) (the Company), a leading civil, building and specialty construction company, announced today that its subsidiary, Tutor-Saliba Corporation, has received a favorable decision by the Nevada Supreme Court in the Westgate Planet Hollywood Las Vegas (Westgate) case.

Key Points: 
  • Tutor Perini Corporation (NYSE: TPC) (the Company), a leading civil, building and specialty construction company, announced today that its subsidiary, Tutor-Saliba Corporation, has received a favorable decision by the Nevada Supreme Court in the Westgate Planet Hollywood Las Vegas (Westgate) case.
  • The Nevada Supreme Court affirmed in the Companys favor, with only minor adjustments, the trial courts previous rulings awarding certain attorneys fees and interest to the Company that had been appealed by Westgate.
  • As a result of this ruling, the Company will retain amounts previously awarded and paid by Westgate, and can now apply to the trial court for a further award of approximately $4 million.
  • Tutor Perini Corporation is a leading civil, building and specialty construction company offering diversified general contracting and design-build services to private clients and public agencies throughout the world.

Tutor Perini Announces Low Bid for the $439.8 Million Division 20 Portal Widening & Turnback Facility Project

Retrieved on: 
Thursday, October 3, 2019
Construction & Property, Public transport, Urban planning, Rail, Transport, Other Construction & Property, Tutor Perini, Perini, Companies

Tutor Perini Corporation (NYSE: TPC), a leading civil, building and specialty construction company, announced today that the Company has been identified by the Los Angeles County Metropolitan Transportation Authority as the apparent low bidder for the Division 20 Portal Widening & Turnback Facility Project near Union Station in downtown Los Angeles.

Key Points: 
  • Tutor Perini Corporation (NYSE: TPC), a leading civil, building and specialty construction company, announced today that the Company has been identified by the Los Angeles County Metropolitan Transportation Authority as the apparent low bidder for the Division 20 Portal Widening & Turnback Facility Project near Union Station in downtown Los Angeles.
  • Work is expected to begin in early 2020 with substantial completion anticipated in late 2023.
  • The contract value is expected to be included in the Companys fourth quarter 2019 backlog.
  • Tutor Perini Corporation is a leading civil, building and specialty construction company offering diversified general contracting and design-build services to private clients and public agencies throughout the world.

Tutor Perini Selected as Preferred Proponent for the Miami-Dade County New Civil and Probate Courthouse Project

Retrieved on: 
Tuesday, September 3, 2019
Architecture, Commercial Building & Real Estate, Construction & Property, Urban planning, Tutor Perini, Perini, Construction

Tutor Perini Corporation (NYSE: TPC), a leading civil, building and specialty construction company, announced today that its team has been identified as the Preferred Proponent for the Miami-Dade County New Civil and Probate Courthouse in Miami, Florida.

Key Points: 
  • Tutor Perini Corporation (NYSE: TPC), a leading civil, building and specialty construction company, announced today that its team has been identified as the Preferred Proponent for the Miami-Dade County New Civil and Probate Courthouse in Miami, Florida.
  • The project will be executed under a Public-Private Partnership (P3) delivery model, which will provide for the design, construction, financing, operations and maintenance of the courthouse under a single contractual agreement.
  • The New Miami Courthouse project represents Tutor Perinis initial successful venture into P3 projects, and we look forward to continued awards and growth in this market.
  • Tutor Perini Corporation is a leading civil, building and specialty construction company offering diversified general contracting and design-build services to private clients and public agencies throughout the world.