Black Construction Awarded $97 Million Guam International Airport Contract

LOS ANGELES--()--Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, today announced that its Guam-based subsidiary, Black Construction Corp., has been awarded a contract valued at approximately $97 million by the Antonio B. Won Pat International Airport Authority (GIAA) for the Terminal Building Structural Upgrade and Concourse Isolation Construction.

The scope of work for the project includes an isolation corridor to be constructed as the 3rd floor over the existing concourse. This corridor will require seismic retrofit and modifications to the main structure. Eight additional arrival pods will also be constructed as part of the basic bid. Significant interior upgrades to the architectural, mechanical and electrical systems are also part of the scope. These new features will allow arriving passengers to view Tumon Bay and the Pacific Ocean upon their arrival. This is one of GIAA’s largest project to date, which will improve and enhance the travelers’ experience throughout the airport’s facilities.

Construction is expected to begin in March 2017 and substantial completion is anticipated in August 2019. The Company expects the value of this contract to be included as part of its reported fourth-quarter 2016 backlog.

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.

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Tutor Perini Corporation
Jorge Casado, 818-362-8391
Vice President, Investor Relations and Corporate Communications
www.tutorperini.com

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