Perini Receives Air Force Award for Heavy Engineering, Repair and Construction
May 15 2006 - 8:00AM
Business Wire
Perini Corporation (NYSE:PCR), a leading building and civil
construction company, announces the receipt of an award from the
U.S. Air Force, Headquarters 311th Human Systems Wing, for its
newly developed program for Heavy Engineering, Repair and
Construction (HERC). The program requirements encompass a full
range of methods and technologies to support the design and
construction of new facilities and infrastructure, and to remodel
and upgrade existing facilities and infrastructure, worldwide. The
HERC program is currently funded at $6 billion to support Military
Construction (MILCON), Base Realignment and Closure (BRAC), and
other DOD activities over the next 10 years. The program will be
managed by AFCEE, the Air Force Center for Environmental
Excellence, although the emphasis is on construction and will
include only incidental environmental work. The Air Force awarded
15 full and open indefinite delivery/indefinite quantity contracts,
each with a 5-year basic ordering period plus three additional
1-year options, for work to be executed through April 2017.
Contractors were selected based on overall best value to the
government including past experience and willingness to perform
work in remote, austere and hostile environments. The selected
contractors will compete for Task Orders under the program. Perini
Corporation has been supporting the Department of Defense with
construction of facilities and infrastructure since the 1940s and
has been performing design-build construction for the government
since the early 1980s. Over the past three years, Perini has been
awarded $900 million of Task Orders for design-build construction
to support U.S. military activities in Iraq and Afghanistan. The
Perini HERC Team includes Stanley Consultants of Muscatine, Iowa;
SEI Group Inc. of Huntsville, Alabama; Sillman Wright Architects of
San Diego, California; and Global Studies Group, Ltd. of San
Antonio, Texas. About Perini Corporation Perini Corporation is a
leading construction services company offering diversified general
contracting, construction management and design-build services to
private clients and government agencies throughout the world. We
offer general contracting, pre-construction planning and
comprehensive construction management services, including the
planning and scheduling of the manpower, equipment, materials and
subcontractors required for a project. We also offer self-performed
construction services including sitework, concrete forming and
placement and steel erection. We are known for our hospitality and
gaming industry projects, sports and entertainment, educational,
and healthcare facilities as well as large and complex civil
construction projects.
Perini (NYSE:PCR)
Historical Stock Chart
From May 2024 to Jun 2024
Perini (NYSE:PCR)
Historical Stock Chart
From Jun 2023 to Jun 2024