- Tutor Perini Corp (NYSE:TPC) subsidiary Black Construction Corp. has secured a fixed-price contract valued at ~$122 million from the Naval Facilities Engineering Systems Command, Pacific Division.
- The contract is for constructing a machine gun range at the Northwest Field, Andersen Air Force Base, Guam.
- The work to be performed includes constructing a multi-lane, multi-purpose machine gun range, a range control tower, ammunition distribution point, and covered bleachers.
- The company is to begin the preliminary work immediately and complete the project by October 2024.
- Tutor Perini will include the contract value in its third-quarter 2021 backlog.
- Price Action: TPC shares closed higher by 1.15% at $13.20 on Wednesday.
Credit Suisse Maintains Outperform on Microsoft, Raises Price Target to $340
Credit Suisse analyst Stephen Ju maintains Microsoft (NASDAQ:MSFT) with a Outperform and raises the price target from $320 to $340.
