LOS ANGELES, April 30, 2025--(BUSINESS WIRE)--Tutor Perini Corporation (NYSE: TPC) (the "Company"), a leading civil, building and specialty construction company, announced today that its subsidiary, Fisk Electric Company ("Fisk Electric"), has been awarded the second phase (valued at approximately $99 million) of a guaranteed maximum price contract currently valued at approximately $166 million for electrical services for the previously announced new Harris Health hospital project on the Lyndon B. Johnson Hospital campus in Houston, Texas. Fisk Electric’s scope of work includes the core and shell and tenant finish-out electrical and fire alarm components for the ground-up construction of the new hospital tower and podium. Work on the first phase began in the fourth quarter of 2024, work on the second phase started in March 2025, and substantial completion of the entire electrical contract is anticipated in the fourth quarter of 2028.

The new 14-story hospital – slated to become Harris County’s third Level I trauma center – is expected to open in late 2028. The new hospital will include approximately 1.3 million square feet and will feature 390 private rooms, with the space to add 60 more when additional capacity is needed. With a rooftop helipad, 15 dedicated operating rooms and a cutting-edge hybrid operating room, the hospital is designed to cater to a wide range of medical needs from routine procedures to the most complex emergency surgeries.

The second phase funding of $99 million was added to the Company’s backlog in the first quarter of 2025 with additional funding of approximately $38 million for the final phase expected to be added to backlog later this year.

About Tutor Perini Corporation

Tutor Perini Corporation is a leading civil, building and specialty construction company offering diversified general contracting and design-build services to private customers 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 safety and quality control measures. We offer general contracting, pre-construction planning and comprehensive project management services, and have strong expertise in delivering design-bid-build, design-build, construction management, and public-private partnership (P3) projects. We often self-perform multiple project components, including earthwork, excavation, concrete forming and placement, steel erection, electrical, mechanical, plumbing, heating, ventilation and air conditioning (HVAC), and fire protection.

About Harris Health

Harris Health is the public healthcare safety-net provider established in 1966 to serve the residents of Harris County, Texas. As an essential healthcare system, Harris Health champions better health for the entire community, with a focus on low-income uninsured and underinsured patients, through acute and primary care, wellness, disease management, population health and correctional health services. Ben Taub Hospital (Level I Trauma Center) and Lyndon B. Johnson Hospital (Level III Trauma Center) anchor Harris Health’s robust network of 37 clinics, health centers, specialty locations and virtual (telemedicine) technology.

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Contacts

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