LOS ANGELES, May 29, 2024--Tutor Perini Corporation (NYSE: TPC) (the "Company"), a leading civil, building and specialty construction company, announced today that its subsidiary, Black Construction Corporation, in a joint venture with the Company, has been awarded a contract valued at approximately $74.4 million by the U.S. Naval Facilities Engineering Systems Command, Pacific District for a Child Development Center at Andersen Air Force Base, Guam.
AST SpaceMobile shares jumped more than 70% on Wednesday and hit their highest level since November 2022 after the satellite communication company announced a new direct-to-cellular tie-up with Verizon Communications. The two companies early Wednesday announced the partnership, which AST SpaceMobile said would allow it to target 100% coverage of the continental United States from space on premium 850 MHz cellular spectrum. Verizon is committing $100 million to the partnership.
The cellular broadband network provider have surged, boosted by recent deals with Verizon Communications and AT&T.