FMC Technologies price target raised to $53 from $50 at Susquehanna Susquehanna raised its price target on FMC Technologies following Q4 results. The firm maintains its Neutral rating but acknowledges the strong quarter of subsea orders and bullish outlook. Susquehanna believes the broader capital equipment landscape is well positioned for strong orders and earnings growth.
FMC Technologies awarded $180M contract in Australia FMC Technologies signed an agreement with Woodside for the design, manufacture and supply of subsea production systems for the Greater Western Flank Phase 2 Project as part of the North West Shelf Project in Western Australia. The contract is valued at approximately $180M for FMC Technologies and includes: subsea production trees, wellheads, manifolds, subsea and topside controls, and flowline connection systems. Deliveries are expected to begin in 2016 and continue through 2018.