Tutor Perini - O&G Joint Venture Awarded $1.18 Billion AirTrain Newark Replacement Program

TPC
September 06, 2025
Tutor Perini Corporation announced on November 18, 2024, that its joint venture with O&G Industries, Inc. has been awarded a contract valued at $1.18 billion. The contract, from the Port Authority of New York and New Jersey, is for the AirTrain Newark Replacement Program - Guideway and Stations Project at Newark Liberty International Airport. The scope of work includes the design and construction of a 2.5-mile elevated, automated people mover train system with three stations. This new system will replace the existing AirTrain, which has been in operation since 1996. Tutor Perini is the managing partner in the joint venture, with O&G serving as a 25% partner. Parsons Corporation will serve as the joint venture’s lead design subcontractor for the project. The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.