**NEW YORK--Tutor Perini Corporation (NYSE: TPC), a leading construction company specializing in civil, building, and specialty projects, has announced that it has been awarded a $1.18 billion contract by the Port Authority of New York and New Jersey. This contract, which is part of the AirTrain Newark Replacement Program, covers the design and construction of the Guideway and Stations Project at Newark Liberty International Airport.

The project will involve the creation of a 2.5-mile elevated, automated people mover system with three new stations, replacing the existing AirTrain system that has been in service since 1996. Tutor Perini is the managing partner in a joint venture with O&G Industries, Inc. (“O&G”), which holds a 25% stake in the partnership. Parsons Corporation (NYSE: PSN) will serve as the lead design subcontractor for the project.

“We are proud to be selected for this high-profile infrastructure project, which represents another important step forward in our long-standing partnership with the Port Authority of New York and New Jersey,” said Tutor Perini’s CEO.

About Tutor Perini Corporation

Founded in 1894, Tutor Perini Corporation is a global leader in civil, building, and specialty construction. The company provides comprehensive general contracting, pre-construction, and project management services to both private and public sectors. With a reputation for delivering complex projects on time and within budget, Tutor Perini offers expertise in a wide range of construction disciplines, including site work, concrete placement, steel erection, and HVAC systems, along with self-performed electrical, mechanical, and plumbing services.