74.9 F
San Fernando
Sunday, Dec 22, 2024

Tutor Perini to Build Saudi Air Base

Tutor Perini Corp. has won an $80 million design-build contract from the U.S. Air Force to design and construct facilities for the Royal Saudi Air Force. The Sylmar construction firm will build the Khurais Electronic Warfare Range in Saudi Arabia, which will include a range operations facility, living quarters, security facility, maintenance workshop, a mosque and range targets as well as all utilities, parking lots and access roads within the complex. The contract was awarded through the federal Foreign Military Sales program and will be funded by the Kingdom of Saudi Arabia. Architectural and engineering services will be provided by Tetra Tech Inc. in Pasadena. Construction should begin in the spring with completion scheduled for early 2019. Shares of Tutor Perini (TPC) closed Wednesday down $1.10, or 3.7 percent, to $28.85 on the New York Stock Exchange.

Joel Russel
Joel Russel
Joel Russell joined the Los Angeles Business Journal in 2006 as a reporter. He transferred to sister publication San Fernando Valley Business Journal in 2012 as managing editor. Since he assumed the position of editor in 2015, the Business Journal has been recognized four times as the best small-circulation tabloid business publication in the country by the Alliance of Area Business Publishers. Previously, he worked as senior editor at Hispanic Business magazine and editor of Business Mexico.

Featured Articles

Related Articles