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Stock Market & Financial Investment News

News Breaks
November 18, 2012
13:47 EDTFLRFluor receives adverse ruling on Greater Gabbard project
Fluor announced that the company received an adverse decision from an arbitration panel regarding its claims for additional compensation related to the Greater Gabbard Offshore Wind Farm Project. Through its claims, the company sought to recover compensation for schedule and cost impacts arising from delays, disruption and productivity issues which the company believes were attributable to the client and other third parties. As a result of the decision, Fluor expects to record a pre-tax charge of approximately $400M in Q4, which was not considered in its most recent earnings guidance for 2012. With the project substantially complete, the decision is not expected to have a material adverse impact on cash flow.
News For FLR From The Last 14 Days
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July 1, 2015
17:40 EDTFLRFluor selected for six-year position on AFCAP IV
Fluor announced today that the Air Force Installation Contracting Agency awarded the company and its joint venture partner, AMEC Foster Wheeler, a position on the Air Force Contract Augmentation Program IV, or AFCAP IV, for six years beginning October 1. As one of eight companies selected for a position on the AFCAP IV indefinite delivery/indefinite quantity contract, Fluor-AMEC II, LLC, is now eligible to compete for specific task orders with a combined value not to exceed $5 billion during the contract period of performance. AFCAP IV task orders are intended to provide base life support services, engineering and logistics support worldwide to the Air Force and other Department of Defense and U.S. federal agencies.
June 30, 2015
09:14 EDTFLRFluor selected as preferred bidder to manage, operate Canadian Nuclear Labs
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June 23, 2015
06:34 EDTFLRFluor selected by BASF as global engineering partner
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