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

Reuters
2024-11-19
BUZZ-<a href="https://laohu8.com/S/TPC">Tutor Perini</a>-O&G Industries JV secure $1.18 bln contract for AirTrain

** 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))

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