financetom
Business
financetom
/
Business
/
Tutor Perini Joint Venture Wins $182 Million Guam Missile Defense Project From US Navy
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Tutor Perini Joint Venture Wins $182 Million Guam Missile Defense Project From US Navy
Sep 9, 2025 4:15 AM

06:54 AM EDT, 09/09/2025 (MT Newswires) -- Tutor Perini ( TPC ) said Tuesday that its joint venture with Black Construction has won a $181.8 million task order from the US Navy for work on the Guam Defense System - Enhanced Integrated Air and Missile Defense Phase 1 project.

The company said the contract, funded by the Department of Defense's Pacific Deterrence Initiative, involves building a new missile defense site with its own power generation facility, including backup power, fuel storage, water systems, and infrastructure.

Two optional additions could raise the contract value by another $12.1 million, the company said.

It added that construction is expected to begin in early 2026, and the project will be added to its backlog in Q3.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Wynn Resorts says it gets UAE's first gambling license
Wynn Resorts says it gets UAE's first gambling license
Oct 4, 2024
Oct 4 (Reuters) - Hotel and casino operator Wynn Resorts ( WYNN ) said on Friday it had been awarded the first commercial gaming operator's license in the United Arab Emirates by the country's General Commercial Gaming Regulatory Authority. The Las Vegas-based casino firm said it was developing a luxury resort at Wynn Al Marjan Island in Ras Al Khaimah....
What's Going On With ZIM Shares Friday?
What's Going On With ZIM Shares Friday?
Oct 4, 2024
ZIM Integrated Shipping Services Ltd ( ZIM ). stock is moving lower on Friday after the International Longshoremen’s Association, the union that advocates for U.S. dockworkers currently on strike, suspended its strike until January 15. The Details: The strike resulted in operations coming to a halt at many ports on the eastern seaboard along with the Gulf Coast. The union...
Boeing-Lockheed JV Successfully Launches 2nd Vulcan Centaur Rocket Certification Flight
Boeing-Lockheed JV Successfully Launches 2nd Vulcan Centaur Rocket Certification Flight
Oct 4, 2024
12:32 PM EDT, 10/04/2024 (MT Newswires) -- Boeing ( BA ) and Lockheed Martin ( LMT ) joint venture United Launch Alliance said it successfully launched on Friday its second certification flight of the advanced Vulcan Centaur rocket from Cape Canaveral Space Force Station. The alliance said it had a bullseye rocket insertion in the Cert-2 mission, completing all requirements...
National Bank on DRI Healthcare's Casgevy Stream Acquisition
National Bank on DRI Healthcare's Casgevy Stream Acquisition
Oct 4, 2024
12:31 PM EDT, 10/04/2024 (MT Newswires) -- DRI Healthcare announced on October 3 that it acquired a portion of Editas Medicine payment rights under a non-exclusive license to Vertex Pharmaceuticals of Editas' Cas9 gene-editing technology for Casgevy for US$57 million. Casgevy is the only approved gene-edited cell therapy for Sickle Cell Disease (SCD) and Transfusion-Dependent Beta Thalassemia (TDT), and is...
Copyright 2023-2026 - www.financetom.com All Rights Reserved