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Coast Guard awards $315 million contract to modernize fuel pier, utilities at Base Kodiak. WASHINGTON - The Coast Guard awarded a $315 million contract Sept. 11 to Tutor Perini Corp. to design and construct a new fuel pier and major cutter mooring at Base Kodiak, strengthening shore infrastructure to support Coast Guard operations in Alaska and the Arctic. The project will deliver a new fuel pier capable of receiving fuel deliveries and providing up to two major cutter berths. Work is expected to be completed in the fall 2030. "This contract represents a major investment in the infrastructure that supports Coast Guard crews and families in Alaska," said Adm. Kevin Lunday, Commandant of the Coast Guard. "Modernizing Base Kodiak's waterfront delivers the capabilities we need to be ready and carry out the missions to secure our northern border and maritime approaches in the Arctic." The project includes: * Waterfront improvements, including grading work to improve ground stability; * Construction of a new fueling utility building; * Installation of utilities, cutter shore ties and other site amenities, including information technology, water and sewage connections, and safety equipment; and * Unexploded ordnance removal. The work is funded through a combination of sources, including the 2022 Infrastructure Investment and Jobs Act, Fiscal Year 2023 Major Acquisition Systems Infrastructure and Fiscal Year 2025 Budget Reconciliation funding. The Coast Guard is leveraging historic investments to deliver shore facilities and infrastructure that support the full scope of Coast Guard missions. About the Coast Guard With more than 95,000 miles of shoreline, 25,000 miles of navigable rivers and 4.5 million square miles of U.S. exclusive economic zone, the U.S. Coast Guard defends the Nation, protects the marine transportation system, regulates and safeguards ports and waterways, leads the Nation in maritime drug interdiction and secures the maritime border. As a member of the joint force, a law enforcement organization, a regulatory agency and a member of the U.S. intelligence community, the Coast Guard employs a unique mix of authorities to ensure the safety and integrity of the maritime domain to protect the economic and national security of the nation. More than 76,000 members of the Coast Guard operate a multi-mission, interoperable fleet of more than 220 cutters, 185 fixed and rotary-wing aircraft, 1,300 boats and its own dedicated cyber command to protect critical maritime infrastructure. More information about the U.S. Coast Guard can be found at www.uscg.mil Follow @USCG on X and Instagram, like US Coast Guard on Facebook, subscribe on YouTube and follow LinkedIn - connect with US Coast Guard. Make a difference on land, at sea or in the air with the Coast Guard. Visit GoCoastGuard.com to find out how to be part of its team.

California's proposed 5% one-time wealth tax on billionaires could redirect up to $100 billion into public spending, creating opportunities for companies with infrastructure, healthcare, and education exposure in the state. Nextpower, a Fremont-based solar hardware provider valued at approximately $12.2 billion, stands to benefit from California's decarbonisation push. The company generates around $3.6 billion from solar tracker systems and software, with strategic investments in US supply chain localisation providing competitive advantages. Tutor Perini, a Sylmar-based contractor with a $4.5 billion market value, builds roads, rail links, water systems, schools, and hospitals. The company generates $3.3 billion from civil works, $2.1 billion from building projects, and $970 million from specialty contracting services for US public agencies. Analysts identified 35 additional companies potentially exposed to California's infrastructure and public services spending.

TPC stock flat in post-market after massive +416% regular-hours surge. Tutor Perini is essentially flat in post-market trading, up just 0.01%, after a historic regular-hours session saw the stock surge over 416% from $16.70 to $86.23. Justin Hale Tutor Perini Corporation (NYSE: TPC) is seeing virtually no movement in post-market trading, with the stock up just 0.01% to $86.23 as of the latest print. The session volume of 696 shares reflects the typical thin after-hours activity. The stock's actual story today played out during regular market hours, when TPC surged approximately 416% from its previous close of $16.70 to above $86. The dramatic move pushed Tutor Perini's market capitalization to approximately $4.55 billion. What drove the massive regular-hours move. No specific news item or SEC filing in the available sources clearly explains today's historic surge. The discrepancy between the stock's fundamental data and its prior trading range suggests one or more of the following may be at play: * A significant contract announcement not captured in recent headlines * Short covering following an earlier sharp decline * A potential takeover bid or strategic transaction * An error or data anomaly in pricing feeds Recent Zacks Investment Research coverage has highlighted Tutor Perini's $16 billion mega-project portfolio, including a $4.6 billion Indo-Pacific pipeline opportunity, as potential growth drivers. A Seeking Alpha article from August noted that Q2 2026 results strengthened the bull case for the construction company. The stock's previous close of $16.70 had positioned TPC well below its 52-week range expectations, with analyst price targets averaging around $36-$91 based on historical commentary. Tutor Perini at a glance. Tutor Perini is a diversified construction company operating three segments: * Civil: Public works, highways, bridges, tunnels, and water management projects * Building: Hospitality, healthcare, transportation, and government facilities * Specialty Contractors: Drilling, foundation, and excavation services The company employs approximately 7,500 workers and serves both private and public sector clients globally. Key data points. * Current price: $86.23 * Previous close: $16.70 * Day change: +416.29% (regular hours) * Post-market change: +0.01% * Market cap: $4.55 billion * Avg. daily volume: 604,635 shares * Short interest: 1.8 million shares (2.97 days to cover) Looking ahead. Traders should monitor for potential 8-K filings or news releases that could explain the extraordinary regular-hours move. The post-market's flat performance suggests the initial catalyst, whatever it was, has already been priced in during standard trading hours. Thin post-market volume means the 696 shares traded represent minimal directional signal for tomorrow's session.