PCR Perini Cp

Perini Corporation (NYSE: PCR), a leading building and civil construction company, announced today that it has been awarded three new task orders from the U.S. Army Corps of Engineers (USACE) Transatlantic Programs Center for work in Iraq worth approximately $175 million. This is in addition to the $170 million of USACE projects announced on September 23, 2008. 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 an award on September 29, 2008 to design and construct temporary housing facilities for U.S. Department of State personnel in Baghdad. The work will include several different types of housing, a warehouse, and complete infrastructure including site utilities, water treatment facility, wastewater treatment plant, and groundwater wells and pump houses for fire and domestic water usage. Perini also received on September 30, 2008 a task order to design and build a maintenance facility, parking apron, taxiway and landing pad for helicopters to support Department of State activities in Iraq. A third task order was received on September 25, 2008 for an overhead coverage system for an existing dining facility in the Victory Base Complex in Baghdad. This is in addition to previously announced overhead coverage awards. Robert Band, President and Chief Operating Officer, said: �These are challenging projects in a difficult location with demanding schedules, but Perini has built its reputation by delivering complex projects, both at home and abroad. We have been design-building infrastructure in Iraq on a fast-track basis for the past five years, and we are pleased to have earned the confidence of the U.S. Army Corps of Engineers to continue supporting them in their mission 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.