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Fluor Gets $3.5 Billion Contract For Work On Liquefied Gas Project

DOW JONES NEWSWIRES Fluor Corp. (FLR) said Australia's Santos Ltd. (STO.AU, SSLTY) awarded it a $3.5 billion engineering, procurement and construction contract on a liquefied natural gas project in the country's Queensland state. The deal is a promising sign for the engineering and construction company, which was mostly resilient during the downturn but had suffered in recent quarters with sagging results at its oil-and-gas business. In November, it reported it swung to a third-quarter loss on charges, though revenue rose unexpectedly. Fluor said Tuesday it booked $3.5 billion in the fourth quarter for the contract related to Santos' Gladstone project, which will extract and liquefy gas from coal deposits for export to Asia and other global markets. Fluor shares closed Friday at $71.19 and were inactive in recent premarket trading. Through the latest close, the stock was up 45% over the past year. -By Matt Jarzemsky, Dow Jones Newswires; 212-416-2240; [email protected]

Stock News for Fluor (FLR)
DateTimeHeadline
03/24/201717:04:21Statement of Changes in Beneficial Ownership (4)
03/20/201716:17:00Fluor’s Stork Secures New Five-Year Maintenance Contract with H...
03/15/201717:52:00Fluor’s NuScale Power Small Modular Nuclear Reactor Design C...
03/15/201714:52:55Statement of Changes in Beneficial Ownership (4)
03/13/201720:42:00Fluor est sélectionné par Yara pour un accord-cadre mondial
03/13/201716:17:00Fluor Selected by Yara for Global Alliance Framework Agreement
03/10/201716:17:32Statement of Changes in Beneficial Ownership (4)
03/09/201715:16:14Additional Proxy Soliciting Materials (definitive) (defa14a)
03/09/201714:32:41Proxy Statement (definitive) (def 14a)
03/09/201706:02:44Current Report Filing (8-k)
03/08/201718:03:00Fluor Announces Executive Transition Plan
03/08/201716:17:25Statement of Changes in Beneficial Ownership (4)
03/08/201716:14:52Statement of Changes in Beneficial Ownership (4)
03/08/201716:12:13Statement of Changes in Beneficial Ownership (4)
03/08/201716:10:54Statement of Changes in Beneficial Ownership (4)
03/08/201716:09:36Statement of Changes in Beneficial Ownership (4)
03/08/201716:08:18Statement of Changes in Beneficial Ownership (4)
03/08/201716:07:29Statement of Changes in Beneficial Ownership (4)
03/08/201716:06:03Statement of Changes in Beneficial Ownership (4)
03/08/201716:04:47Statement of Changes in Beneficial Ownership (4)

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