Tutor Perini Awarded $315M US Coast Guard Contract for Alaska Fuel Pier

Key Facts

1Tutor Perini subsidiary Perini Management Services was awarded a $315 million contract to construct a fuel pier at USCG Base Kodiak in Alaska.

Tutor Perini subsidiary Perini Management Services was awarded a $315 million contract to construct a fuel pier at USCG Base Kodiak in Alaska. Business Wire reported that the project involves a design-build approach to support major cutter operations at the base using an accelerated delivery method.

TPC closed at $86.73 on October 2, 2026, with the stock reaching a day high of $87.52 and a low of $84.15 during that session. The award represents a significant addition to the firm's construction backlog, strengthening its position in defense-related infrastructure projects.