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Stock Market & Financial Investment News

News Breaks
March 26, 2014
07:32 EDTCBI, PRIMPrimoris names David King as COO
Primoris Services Corporation (PRIM) announced the hiring of David King to fill the newly created position of COO, which will report directly to Brian Pratt, CEO. King comes to Primoris from CB&I (CBI), where he most recently served as President of Lummus Engineered Products.
News For PRIM;CBI From The Last 14 Days
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March 30, 2015
07:31 EDTPRIMPrimoris announces water award valued at $16M
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March 26, 2015
08:05 EDTCBICB&I, Chiyoda an dZachry Group awarded contract for LNG liquefaction
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March 23, 2015
07:31 EDTPRIMPrimoris announces three-year, $45M master service agreement
Primoris Services announced a new three year Master Service Agreement from a major utility customer with an anticipated value of $45M. The contract was secured by the ARB Underground division, part of the West Construction Services segment. The MSA will commence in April. The award is for gas distribution work in four regions, ranging from central California up to the Oregon border. This MSA represents incremental revenue to ARBís historic work for the client. The work covered by the agreement includes the replacement of Aldyl-A low pressure distribution mains and services and restoration of public streets, sidewalks and private property to their original condition. Primoris anticipates that the MSA will generate approximately $15M per year, and it is likely that the contract will be extended beyond the initial three years. While the agreement does not obligate the customer to award Primoris a specific dollar amount, its discussions and history with the customer form the basis for its anticipated value.
March 16, 2015
08:06 EDTCBICB&I awarded technology and FEED contracts for coker unit
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