The $60M DHS contract adds modestly to TPC's federal backlog but is not large enough to materially shift revenue or earnings estimates. Monitor for additional task orders under this vehicle and upcoming quarterly backlog disclosures to gauge federal segment momentum.
Price Chart
Executive Summary
Tutor Perini Corp (TPC) was awarded a $60M contract by the Department of Homeland Security for waterfront maintenance and rebuild work in St. Petersburg, FL. The award represents approximately 1.1% of the company's annualized revenue of $5.56B, a notable but not transformative addition to its federal backlog.
Key Financial Metrics
Key Facts
- $60M contract awarded by Department of Homeland Security for waterfront maintenance and rebuild in St. Petersburg, FL
- Award represents ~1.1% of TPC's annualized revenue of $5.56B
- Period of performance starts August 24, 2026
- Contract type appears to be a new award for fast response cutter/waterways commerce cutter/weapons depot & station rebuild
Financial Impact
$60M contract award, approximately 1.1% of annualized revenue
Risk Factors
- Government funding risk from continuing resolutions or budget sequestration
- Execution risk on waterfront construction projects in hurricane-prone Florida
- Contract modifications or delays could reduce ultimate value
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 federal contract record from official U.S. government contract data.
| Document | Accession Number |
|---|---|
| GOVT-CONTRACT Data (Synthetic) | contract-70Z04726FPCNI0014 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 14d ago | 8-K | $83.26 | awaiting T+20 | — | $80.81 (−2.94%) |
Sep 30, 2026 28d ago | GOVT-CONTRACT | $83.26 | awaiting T+20 | — | $80.81 (−2.94%) |
Sep 11, 2026 6w ago | GOVT-CONTRACT | $84.51 $83.49 | ▼ −1.21% | ▼ −3.72% | $80.81 (−4.38%) |
Sep 2, 2026 7w ago | Insider Cluster | $87.32 $86.73 | ▲ +0.68% | ▲ +0.47% | $80.81 (+7.46%) |
Sep 2, 2026 8w ago | GOVT-CONTRACT | $87.32 $86.73 | ▼ −0.68% | ▼ −0.22% | $80.81 (−7.46%) |
Aug 13, 2026 10w ago | GOVT-CONTRACT | $96.82 $84.51 | ▼ −12.71% | ▼ −10.72% | $80.81 (−16.54%) |
Jul 6, 2026 16w ago | 8-K | $79.91 $83.75 | ▲ +4.81% | ▲ +5.37% | $80.81 (+1.13%) |
May 26, 2026 22w ago | 8-K | $74.47 $81.56 | ▲ +9.52% | ▲ +11.42% | $80.81 (+8.51%) |
May 12, 2026 24w ago | GOVT-CONTRACT | $80.50 $73.54 | ▼ −8.65% | ▼ −8.03% | $80.81 (+0.39%) |
May 8, 2026 24w ago | GOVT-CONTRACT | $82.64 $71.41 | ▼ −13.59% | ▼ −13.29% | $80.81 (−2.22%) |
US Market Status
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