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News Breaks | | | | November 15, 2012 | | 16:33 EDT |  | FLR | Fluor selects Fluor JV as preferred bidder for Dallas Horseshoe Project
Fluor (FLR) announced that the Texas Department of Transportation named Pegasus Link Constructors, a Fluor-led joint venture, as the preferred bidder for the design, construction, and capital maintenance of the Horseshoe Project in Dallas, Texas. TxDOT's estimate for the design, construction, utilities and right of way for the project is approximately $798M. The selection was announced by TxDOT Thursday at a monthly Texas Transportation Commission meeting. TxDOT's selection enables PLC and the department to commence contract negotiations. A notice to proceed is expected in the first quarter of 2013. Fluor will book the project into backlog once a final contract is approved and a notice to proceed is issued. The Horseshoe Project's scope of work includes I-30 from Sylvan Avenue to I-35E and I-35E from north of Eighth Street to the I-30/I-35E interchange in Dallas as well as construction of two fully designed Santiago Calatrava signature bridges. When completed, the project will correct some of the existing geometric issues causing congestion, repair and replace some of the deteriorating structures, and add capacity to the interchange and frontage roads. The I-30 and I-35E corridor carries more than 460,000 vehicles per weekday and was rated as the seventh most congested roadway in Texas in 2011. TxDOT is utilizing design-build project delivery which will result in a shorter construction schedule and lower overall cost. Construction on the Horseshoe Project is expected to begin in the summer of 2013 with a projected completion date of 2017. : | |
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News For FLR From The Last 14 Days Check below for free stories on FLR the last two weeks. |
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| May 20, 2013 | | 11:34 EDT |  | FLR | High option volume stocks: FLR CST DANG KCG SCTY
| | | May 16, 2013 | | 05:27 EDT | | FLR | Fluor awarded $185M contract for Sharq Crossing program in Qatar
Fluor announced that the company executed a contract with Qatar's Public Works Authority to provide program management and construction supervision services for the approximately $5B Sharq Crossing program - previously referred to as the Doha Bay Crossing program. A formal notice of award was received in January and the contract was recently signed by both parties. The approximately $185M contract will be booked in Fluor's Q2. | | | May 15, 2013 | | 05:35 EDT | | FLR | Fluor reaches settlement covering all outstanding issues on Greater Gabbard
Fluor announced today that the company and Greater Gabbard Offshore Winds have reached a settlement on all outstanding claims related to the construction of the Greater Gabbard offshore wind farm project located off the coast of Suffolk, England. Financial terms of the settlement will not be disclosed and there is no material financial impact to Fluor. The agreement fully resolves all disputes and concludes Fluor's involvement in the project. | | | May 9, 2013 | | 10:08 EDT |  | FLR | On The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Chicago Bridge & Iron (CBI) initiated with a Buy at Deutsche Bank... Fluor (FLR) initiated with a Buy at Deutsche Bank... Infinity Pharmaceuticals (INFI) initiated with an Outperform at Wells Fargo... Jacobs Engineering (JEC) initiated with a Hold at Deutsche Bank... KBR (KBR) initiated with a Buy at Deutsche Bank... MasTec (MTZ) initiated with a Buy at Deutsche Bank... McDermott (MDR) initiated with a Hold at Deutsche Bank... Merit Medical (MMSI) initiated with a Hold at Benchmark Co... Ocean Power (OPTT) initiated with a Strong Buy at Ascendiant Capital... Quanta Services (PWR) initiated with a Buy at Deutsche Bank... ZELTIQ Aesthetics (ZLTQ) initiated with a Buy at Maxim... Evercore Partners (EVR) initiated with a Positive at Susquehanna... Alexander & Baldwin (ALEX) initiated with an Outperform at JMP Securities... Myriad Genetics (MYGN) coverage resumed with an Overweight at Stephens... Pinnacle Foods (PF) initiated with a Buy at Janney Capital. | |
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