Tutor Perini Subsidiary Lunda Construction Secures $101 Million in Minnesota Highway Projects
Tutor Perini Corporation (NYSE:TPC) is one of the best-performing NYSE stocks to buy now. On June 16, Tutor Perini Corporation announced that its subsidiary called Lunda Construction Company, was awarded a project valued at ~$34 million. The project involves the construction of 4 bridges and 14 cast-in-place retaining walls along Highway 169 in Jordan, Minnesota.
Work on the Highway 169 project commenced in May 2025, with substantial completion anticipated by November 2027. The contract value has been added to Tutor Perini's backlog in Q2 2025. The project is a collaborative effort between the Minnesota Department of Transportation, the city of Jordan, and Scott County.
A construction team in a mining datacenter building work site with plans and equipment in hand.
Lunda Construction also secured a $67.2 million contract from the Minnesota Department of Transportation for the I-94 and I-394 Interchange project in Minneapolis. The larger project, set to begin in July 2025 with substantial completion by summer 2027, includes repairing 34 bridges and ramps, along with other improvements along I-394 between downtown Minneapolis and Highway 100. Combined, these 2 Minnesota highway projects are valued at $101 million.
Tutor Perini Corporation (NYSE:TPC) is a construction company that provides diversified general contracting, construction management, and design-build services to private customers and public agencies worldwide. It operates through 3 segments: Civil, Building, and Specialty Contractors.
While we acknowledge the potential of TPC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the .
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Disclosure: None. This article is originally published at Insider Monkey.
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