Tutor Perini Building Corp. Receives Extension of Contract to Build Terminal 4 Federal Inspection Services Expansion at Fort Lauderdale-Hollywood International Airport

May 31, 2016

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, announced today that its subsidiary, Tutor Perini Building Corp., has recently received an extension to its contract to build Fort Lauderdale-Hollywood International Airport’s Terminal 4 Federal Inspection Services Expansion.

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The project consists of a phased expansion and renovation which will ultimately provide a new international passenger arrival facility based on the U.S. Customs and Border Protection “One Stop” protocol. Task 1 enabling projects are underway and include a new baggage recheck facility for arriving international passengers, new public restrooms and a variety of interior renovations to optimize the current operation and prepare for the start of Task 2 (new construction). Task 2, beginning in the second quarter of 2016, consists of a new 55,000 square-foot Baggage Hall with four baggage claim carousels and an Inbound Bag Room with six inbound baggage conveyors. A temporary Secondary Processing Facility will also be housed in the new Baggage Hall and will enable Task 3, which consists of a complete reconfiguration of the existing facility and build-out of new shell space constructed in the Eastern Gate Expansion.

At the conclusion of Task 3, the majority of passenger services and baggage screening will be contained on the Arrivals Level. The new facility will be capable of processing 1,800 arriving passengers per hour. Substantial completion is anticipated in May 2017. The contract value is undisclosed and is expected to be included in the Company’s reported second quarter backlog.