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The Department of Energy has authorized Hanford Tank Waste Operations & Closure (H2C), a joint venture including Fluor Federal Services, to commence work on a contract valued at up to $45 billion.
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The Government Accountability Office (GAO) released a decision involving Fluor Federal Solutions, LLC, providing guidance on procurement integrity and the handling of pricing disclosures.
Tutor Perini Corporation (TPC) is well-positioned for sustained growth through 2027 with a $19.9 billion backlog and nine mega-projects worth $16 billion. The company benefits from higher-margin projects, with Civil margins at 15.3% and Building margins at 5.6%. Management expects double-digit revenue growth in 2026 and stronger earnings in 2027, supported by a $200+ billion bidding pipeline.
The global Mivan construction market is expected to grow from USD 3.92 billion in 2025 to USD 7.05 billion by 2031, driven by mass housing demand, urbanization, and government-backed affordable housing programs. Reusable aluminum formwork enables faster construction cycles and cost amortization across repetitive projects. However, high initial capital expenditure and aluminum price volatility pose challenges. Automation and localized supply chains are emerging trends to address labor shortages and reduce costs.