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December 15, 2010

Tutor Perini Corporation Announces $23 Million Task Order Award for a U.S. Coast Guard Hangar

SYLMAR, Calif.--Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, today announced that it was recently awarded a $23.5 million task order under a previously announced Department of Homeland Security, U.S. Coast Guard multiple award construction contract (MACC). The project is for design and construction of an aircraft Hangar at the U.S. Coast Guard Air Station Cape Cod, MA.

The hangar project includes the design and construction of hangar space for four Maritime Patrol Aircraft, maintenance shops, engineering and administration offices, personnel support areas, and crew berthing and recreation facilities. Upon project completion the complete facility will be LEED Silver Certified.

The project will be managed by Perini Management Services, Inc. (PMSI), a wholly-owned subsidiary based in Framingham, MA. PMSI specializes in the management of design-build and construction task order contracts for U.S. government agencies.

The Tutor Perini team includes Clark Nexsen Architecture & Engineering of Norfolk, VA, who will provide all design services for the project.

Robert Band, President of Tutor Perini Corporation and CEO of Perini Management Services, Inc., said: “We are pleased to begin work for the Coast Guard under this program and are looking forward to providing quality construction that will lead to additional task orders over the seven-year MACC contract.”

About Tutor Perini Corporation

Tutor Perini Corporation is a leading civil and building construction company offering diversified general contracting and design/build services to private clients and public agencies throughout the world. 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.

We offer general contracting, pre-construction planning and comprehensive project management services, including the planning and scheduling of the manpower, equipment, materials and subcontractors required for a project. We also offer self-performed construction services including excavation, concrete forming and placement, steel erection, electrical and mechanical services, plumbing and HVAC. We are known for our major complex building project commitments as well as our capacity to perform large and complex transportation and heavy civil construction for government agencies and private clients throughout the world.

Tutor Perini Corporation website:

Source: Tutor Perini Corporation

Kekst and Company
Douglas Kiker, 212-521-4800
Tutor Perini Corporation
Mike Kershaw, 818-362-8391
Executive Vice President & Chief Financial Officer

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