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Stock Market & Financial Investment News

News Breaks
November 15, 2012
16:33 EDTFLRFluor 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. :
News For FLR From The Last 14 Days
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October 27, 2014
09:30 EDTFLRFluor, Technip JV awarded contract for Sasol complex
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October 24, 2014
11:44 EDTFLRFluor shares could double over next five years, Barron's says
Year to date, shares of Fluor have dropped about 20%, but the company has great long term potential given its $40B backlog of projects and strong cash position, Barron's reports. Reference Link
October 23, 2014
13:19 EDTFLRFluor, Technip awarded RAPID UIO project in Malaysia
Technip (TKPPY), in a joint venture with Fluor (FLR), was awarded an engineering, procurement and construction management contract by PRPC Utilities and Facilities for the PETRONAS Refinery and Petrochemical Integrated Development project located in the state of Johor, Malaysia. Under this contract, the Fluor and Technip joint venture will be responsible for the utilities, interconnecting and offsites scope of work. RAPIDís refinery start-up is expected by early 2019. Technipís operating centre in Kuala Lumpur, Malaysia, will execute the contract.
09:06 EDTFLRFluor, Technip awarded RAPID refinery facilities project in Malaysia
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08:54 EDTFLREngineering & construction stocks undervalued, says Sterne Agee
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