Market Overview

Perini Management Services Awarded $104 Million RSAF Air Warfare Center


Tutor Perini Corporation (NYSE:TPC), a leading civil, building and
specialty construction company, today announced that its subsidiary,
Perini Management Services, Inc. (PMSI), has been awarded a design-build
contract valued at approximately $104 million by the U.S. Air Force to
design and construct facilities in support of the Royal Saudi Air Force
(RSAF) through a Foreign Military Sales program. The project was
competitively bid through an Air Force Civil Engineer Center multiple
award task order contract and is funded by the Kingdom of Saudi Arabia.
The contract value will be included in the Company's reported fourth
quarter 2018 backlog.

The project entails the design and construction of multiple facilities
and site preparation, including a squadron operations facility, three
aircraft maintenance hangers, aircraft sunshades, storage facility,
water and fire protection system pump building, generator and enclosure,
and gatehouse, as well as an apron, shoulders and taxiways.

Construction is expected to begin in the spring of 2019 with completion
by mid-2021. This is the second RSAF Foreign Military Sales project to
be awarded to PMSI, which specializes in worldwide federal construction.
The first project, awarded in February 2017, is approximately 70%
complete. Architect-Engineering services for both projects are provided
by Tetra Tech, Inc., of Pasadena, California.

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 clients 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
quality control measures.

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