- Teacher Perini Corp TPC Subsidiary, Perini Management Services Inc (PMSI), has secured three fixed price federal contracts collectively valued at approximately $164 million.
- PMSI received two contract orders totaling $132.5 million from the United States Coast Guard (USCG) in Puerto Rico.
- The combined project scope includes demolition of existing buildings and infrastructure, construction of new buildings, site and paving works, utilities, water distribution, waterfront works and base resilience.
- The largest building will be the new two-story Multi-Mission Building (MMB), which will be approximately 44,000 square feet.
- The work will be carried out in stages to allow for continued and uninterrupted operation of the base by USCG personnel. The Company expects work to be completed in May 2027.
- The National Park Service has awarded PMSI a $31.6 million fixed price construction contract to repair and upgrade the Ahwahnee Hotel in Yosemite National Park, California.
- The Company will include the combined contract values in its order backlog for the third quarter of 2022.
- Price promotion: TPC shares trade 2.12% lower at $5.99 on the last check Wednesday.
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