PCR Perini Cp

Perini Corporation (NYSE: PCR), a leading building and civil construction company, announced today that it has been awarded new task orders and additions to existing task orders from the U.S. Army Corps of Engineers (USACE) for work in Iraq worth approximately $170 million. The projects were all competitively bid under an existing contract to provide design-build and construction related services within the Central Command (CENTCOM) Area of Operations. Perini received three new task orders on September 15, 2008 worth a total of $98.6 million for design and construction of Overhead Coverage Systems at military bases throughout Iraq. The three task orders represent projects for construction in 2009 and will be administered by the three geographic districts of the USACE Gulf Region Division in Iraq. Earlier this year, Perini received a $6.8 million task order for an Overhead Coverage System for a new dining facility under construction in the Baghdad area, as well as a $35.7 million increase to an existing task order for similar Overhead Coverage Systems. Perini has been the principal design-builder for the Overhead Coverage Systems program since it began in 2005. The Company has worked closely with the USACE Transatlantic Programs Center; Engineer, Research and Development Center (ERDC); and the Protective Design Center (PDC) to develop the designs for blast resistant structures to cover existing facilities in high-risk areas. In addition to the Overhead Coverage System projects, on August 14, 2008 Perini was awarded a task order valued at $28.5 million for design and construction of a large administration building at Victory Base Camp in Iraq. The 62,159 square foot facility will be a pre-engineered building with a protective blast roof, incorporating some of the same design features that were developed for the Overhead Coverage System. This project includes site improvements, utilities, and supporting facilities for meeting minimum Department of Defense anti-terrorism/force protection standards. Robert Band, President and Chief Operating Officer, said: �Perini is proud of its long history of providing security-related construction at U.S. government facilities around the world. We look forward to continuing to provide protection for U.S. military and government personnel serving in Iraq.� Perini�s team for CENTCOM task orders includes Tetra Tech, Inc. of Pasadena, CA as the lead design firm, and Butler Building Company of Kansas City, MO for pre-engineered building components. 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 public agencies throughout the world. We have provided construction services since 1894 and have established a strong reputation within our markets by executing large complex projects on time and within budget while adhering to strict quality control measures. We offer general contracting, pre-construction planning and comprehensive project 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, transportation, healthcare, biotech, pharmaceutical and high-tech facilities, as well as large and complex civil construction projects and construction management services to U.S. military and government agencies. The statements contained in this Release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including without limitation, statements regarding the Company�s expectations, hopes, beliefs, intentions or strategies regarding the future. These forward-looking statements are based on the Company�s current expectations and beliefs concerning future developments and their potential effects on the Company. There can be no assurance that future developments affecting the Company will be those anticipated by the Company. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the Company) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the Company's ability to successfully and timely complete construction projects; the Company�s ability to convert backlog into revenue; the potential delay, suspension, termination, or reduction in scope of a construction project; the continuing validity of the underlying assumptions and estimates of total forecasted project revenues, costs and profits and project schedules; the outcomes of pending or future litigation, arbitration or other dispute resolution proceedings; the availability of borrowed funds on terms acceptable to the Company; the ability to retain certain members of management; the ability to obtain surety bonds to secure its performance under certain construction contracts; possible labor disputes or work stoppages within the construction industry; changes in federal and state appropriations for infrastructure projects; possible changes or developments in worldwide or domestic political, social, economic, business, industry, market and regulatory conditions or circumstances; and actions taken or not taken by third parties, including the Company�s customers, suppliers, business partners, and competitors and legislative, regulatory, judicial and other governmental authorities and officials. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.