Tutor Perini Corporation (NYSE: TPC) announced on 24 October 2025 that its subsidiary, Fisk Electric Company, has been awarded a $43.4 million electrical services contract for the Cruise Terminal G Complex at the Port of Miami. The award includes the design and construction of a new electrical vault to support distribution switchboards for Terminal G, as well as the installation of associated electrical infrastructure.
The $43.4 million contract adds a substantial new project to TPC’s portfolio, reinforcing the company’s presence in the high‑value specialty contracting segment. The award is expected to contribute to the company’s backlog and projected revenue for the remainder of the fiscal year, while also providing a source of cash‑flow generation through the execution of the electrical work.
Fisk Electric’s role in this project underscores TPC’s strategy of leveraging its self‑perform specialty capabilities to secure higher‑margin work. The contract’s scope—electrical vault construction and switchboard installation—aligns with the company’s focus on complex infrastructure projects, positioning TPC to capture additional revenue and strengthen its competitive position in the U.S. construction market.
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