Tutor Perini rises on $2.95 bln design-build contract win

Tutor Perini

01/05/2023 18:02

** Shares of construction co Tutor Perini Corp  TPC.N  up
14.7% at $6.08
    ** Co awarded an about $2.95 billion contract by New York
City Department of Design and Construction 
    ** Contract is for the design and construction of a
borough-based jail facility in Brooklyn
    ** TPC says contract value will be included in its Q2 2023
backlog
    ** Including sessions gains, stock down 19.5% YTD

 (Reporting by Richard Rohan Francis in Bengaluru)
 ((RichardRohan.Francis@thomsonreuters.com;))