We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Tutor Perini Poised to Ride the Defense Buildout Wave?
Read MoreHide Full Article
Key Takeaways
TPC is deepening its Indo-Pacific footprint via Guam-based Platt Construction and defense projects.
TPC qualified for four Guam MACCs worth over $32B in potential project awards across eight years.
TPC's defense work in Guam supports a strong backlog and long-term project visibility across the region.
Tutor Perini Corporation (TPC - Free Report) is strengthening its presence in the Indo-Pacific region, which has become a key area for U.S. defense and infrastructure activity. The company’s expansion, especially through the Guam-based subsidiary, Platt Construction, is now a significant part of its long-term growth focus. Tutor Perini is positioned to support U.S. military infrastructure requirements across the Pacific. This buildout is supported by defense priorities and sustained commitments from the U.S. government. The company’s ability to secure large-scale projects in this region may help diversify its revenue sources and balance the project portfolio.
In the first quarter of 2025, Tutor Perini qualified for four separate Multi-Award Construction Contracts (MACCs) in Guam. These contracts offer a combined project capacity of more than $32 billion over the next eight years. These contracts provide access to project opportunities awarded over time through individual task orders. Guam remains a key operating base for the company, with steady project demand supported by U.S. military spending.
Furthermore, Tutor Perini secured additional funding of $241 million for the Apra Harbor Waterfront Repairs project in Guam, bringing the total project value to more than $570 million. The company continues to track other large opportunities across the Indo-Pacific, including U.S.-funded projects on nearby islands, such as Palau and Diego Garcia.
Going forward, Tutor Perini’s operations in Guam and experience in managing defense projects position it to participate in this multi-year buildout. The company’s focus on priority government work in this region supports stable, long-term project visibility and contributes to ongoing backlog strength.
Other Industry Players Supporting Defense Projects
While Tutor Perini continues to expand in defense infrastructure, companies such as Jacobs Solutions Inc. (J - Free Report) and Fluor Corporation (FLR - Free Report) are also actively supporting defense operations and long-term infrastructure needs in key regions.
Jacobs continues to support defense infrastructure through its engineering, logistics and mission-critical services. The company focuses on long-term partnerships with defense agencies and provides technical support across multiple domains, including space, cyber and logistics. Jacobs offers multidisciplinary solutions that align with evolving defense requirements and is expected to contribute to large-scale defense-related projects across key operational regions.
Fluor is actively involved in supporting defense operations through base management, logistics and infrastructure services. The company focuses on delivering reliable support in complex and remote environments. Fluor’s defense-related services align with ongoing infrastructure needs and long-term military support priorities. Its broad capabilities continue to support defense agencies in maintaining critical operations.
TPC’s Price Performance, Valuation & Estimates
Shares of Tutor Perini have gained 62.8% in the past three months compared with the Zacks Building Products - Heavy Construction industry’s growth of 19.1%.
Image Source: Zacks Investment Research
From a valuation standpoint, TPC trades at a forward 12-month price-to-earnings ratio of 17.71X, down from the industry’s 19.27X.
Image Source: Zacks Investment Research
Tutor Perini’s earnings estimates for 2025 and 2026 have trended upward in the past 60 days by 14.4% to $1.75 per share and 10.8% to $3.09, respectively. The estimated figures for 2025 and 2026 indicate 155.9% and 76.6% year-over-year growth, respectively.
Image: Bigstock
Is Tutor Perini Poised to Ride the Defense Buildout Wave?
Key Takeaways
Tutor Perini Corporation (TPC - Free Report) is strengthening its presence in the Indo-Pacific region, which has become a key area for U.S. defense and infrastructure activity. The company’s expansion, especially through the Guam-based subsidiary, Platt Construction, is now a significant part of its long-term growth focus. Tutor Perini is positioned to support U.S. military infrastructure requirements across the Pacific. This buildout is supported by defense priorities and sustained commitments from the U.S. government. The company’s ability to secure large-scale projects in this region may help diversify its revenue sources and balance the project portfolio.
In the first quarter of 2025, Tutor Perini qualified for four separate Multi-Award Construction Contracts (MACCs) in Guam. These contracts offer a combined project capacity of more than $32 billion over the next eight years. These contracts provide access to project opportunities awarded over time through individual task orders. Guam remains a key operating base for the company, with steady project demand supported by U.S. military spending.
Furthermore, Tutor Perini secured additional funding of $241 million for the Apra Harbor Waterfront Repairs project in Guam, bringing the total project value to more than $570 million. The company continues to track other large opportunities across the Indo-Pacific, including U.S.-funded projects on nearby islands, such as Palau and Diego Garcia.
Going forward, Tutor Perini’s operations in Guam and experience in managing defense projects position it to participate in this multi-year buildout. The company’s focus on priority government work in this region supports stable, long-term project visibility and contributes to ongoing backlog strength.
Other Industry Players Supporting Defense Projects
While Tutor Perini continues to expand in defense infrastructure, companies such as Jacobs Solutions Inc. (J - Free Report) and Fluor Corporation (FLR - Free Report) are also actively supporting defense operations and long-term infrastructure needs in key regions.
Jacobs continues to support defense infrastructure through its engineering, logistics and mission-critical services. The company focuses on long-term partnerships with defense agencies and provides technical support across multiple domains, including space, cyber and logistics. Jacobs offers multidisciplinary solutions that align with evolving defense requirements and is expected to contribute to large-scale defense-related projects across key operational regions.
Fluor is actively involved in supporting defense operations through base management, logistics and infrastructure services. The company focuses on delivering reliable support in complex and remote environments. Fluor’s defense-related services align with ongoing infrastructure needs and long-term military support priorities. Its broad capabilities continue to support defense agencies in maintaining critical operations.
TPC’s Price Performance, Valuation & Estimates
Shares of Tutor Perini have gained 62.8% in the past three months compared with the Zacks Building Products - Heavy Construction industry’s growth of 19.1%.
Image Source: Zacks Investment Research
From a valuation standpoint, TPC trades at a forward 12-month price-to-earnings ratio of 17.71X, down from the industry’s 19.27X.
Image Source: Zacks Investment Research
Tutor Perini’s earnings estimates for 2025 and 2026 have trended upward in the past 60 days by 14.4% to $1.75 per share and 10.8% to $3.09, respectively. The estimated figures for 2025 and 2026 indicate 155.9% and 76.6% year-over-year growth, respectively.
Image Source: Zacks Investment Research
Tutor Perini currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.