News Summary
Tutor Perini Corporation has been awarded a $41.9 million contract by the National Park Service for essential upgrades to utility systems in the Glen Canyon National Recreation Area, Arizona. The project aims to repair outdated wastewater systems and enhance the reliability of utility services while adhering to environmental standards. With a projected completion date of fall 2027, this contract showcases Tutor Perini’s growth and strong position in the market, evidenced by its significant backlog and stock performance.
Tutor Perini Corporation Secures $41.9 Million Contract for Utility System Upgrades in Arizona
Tutor Perini Corporation has been awarded a substantial contract valued at approximately $41.9 million by the National Park Service. This contract is aimed at the design and construction of essential upgrades to critical utility systems within the Glen Canyon National Recreation Area in Arizona.
The primary focus of this project is to repair and replace outdated wastewater systems located in the Wahweap and Lone Rock areas. The authorities anticipate that work on this important utility upgrade will be completed by fall 2027.
The upgrades being implemented are designed to ensure the long-term reliability of the utility services and to maintain compliance with environmental standards. The project is set to adhere to, or even exceed, the regulations established by the Arizona and Utah Departments of Environmental Quality.
Details of the Utility System Upgrades
Several specific components of the project involve:
- Cured-in-place pipe (CIPP) lining and the necessary repairs to existing sanitary sewage infrastructure.
- Upgrading and replacing septic systems, manholes, and lift stations.
- The replacement of the Glen Canyon Bridge force main.
- Installation of backup generators for lift stations to greatly enhance system resilience.
- Modernization of the Supervisory Control and Data Acquisition (SCADA) system with various upgrades at local sites, alongside improvements to the park’s communication network.
Company Performance and Industry Impact
Tutor Perini Corporation is experiencing remarkable growth, as evidenced by a new high in its backlog, reaching $21.1 billion at the end of the second quarter of fiscal 2025. This represents an impressive 102% year-over-year increase.
Major projects contributing to Tutor Perini’s backlog include the $1.87 billion Midtown Bus Terminal Replacement Project in New York, a $538 million healthcare project in California, and two civil works projects in the Midwest totaling $127 million. Additionally, Tutor Perini has secured additional funding of $90 million and $54 million for separate projects in California.
Stock Performance and Future Outlook
In terms of stock performance, Tutor Perini’s shares have surged by 164% year-to-date, significantly outperforming the Zacks Building Products – Heavy Construction industry which has seen growth of 33.6%.
This new contract enhances Tutor Perini’s government contracting credentials while diversifying its infrastructure portfolio, indicating strong prospects for future business. The company currently holds a Zacks Rank of #1 (Strong Buy), illustrating its strong standing in the market.
Industry Competitors
Within the same construction sector, notable companies include Everus Construction Group Inc., EMCOR Group, Inc., and Great Lakes Dredge & Dock Corp., all of which also hold a Zacks Rank of #1.
The awarded contract for upgrades to critical utility systems is a significant milestone not just for Tutor Perini but also for the infrastructure needs of the Glen Canyon National Recreation Area.
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Additional Resources
- The Zacks Analyst Blog Highlights Tutor Perini, Everus Construction, EMCOR Group, and Great Lakes Dredge & Dock
- GuruFocus: Tutor Perini Secures $419M Contract for Utility Upgrades
- Construction Dive: Tutor Perini and Rudolph & Sletten Win California Children’s Hospital Project
- GuruFocus: Tutor Perini Subsidiary Wins $419M National Park Service Contract
- Business Wire: Perini Management Services Awarded $41.9 Million Utility Systems Repair Project
- Wikipedia: Utility System
- Google Search: Tutor Perini Corporation
- Google Scholar: Tutor Perini Corporation
- Encyclopedia Britannica: Construction
- Google News: Tutor Perini Corporation
Author: Construction NY News
NEW YORK STAFF WRITER The NEW YORK STAFF WRITER represents the experienced team at constructionnynews.com, your go-to source for actionable local news and information in New York and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the New York Build Expo, infrastructure breakthroughs, and cutting-edge construction technology showcases. Our coverage extends to key organizations like the Associated General Contractors of New York State and the Building Trades Employers' Association, plus leading businesses in construction and real estate that power the local economy such as Turner Construction Company and CMiC Global. As part of the broader network, including constructioncanews.com, constructiontxnews.com, and constructionflnews.com, we provide comprehensive, credible insights into the dynamic construction landscape across multiple states.
