Tutor Perini-O&G Industries JV secure $1.18 bln contract for AirTrain

Tutor Perini

18/11/2024 19:36

** Shares of construction contractor Tutor Perini
Corporation  TPC.N  rise 6% to $29 
    ** Joint venture between TPC and O&G Industries says it has
secured a $1.18 bln contract by Port Authority of New York and
New Jersey for the AirTrain Newark Replacement Program at Newark
Liberty International Airport in New Jersey
    ** The automated rail service that provides access to the
Northeast Corridor Rail Link Station and ability to transfer
between terminals, parking lots and rental car facilities will
replace the existing AirTrain Newark system at the airport with
a new 2.5-mile automated train system
    ** As of last close, stock up 204% YTD

 (Reporting by Anshuman Tripathy)
 ((Anshuman.Tripathy@thomsonreuters.com))