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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; matthew.jarzemsky@dowjones.com

Stock News for Fluor (FLR)
DateTimeHeadline
07/28/201509:00:00Fluor to Present at Jefferies Industrials Conference
07/27/201516:11:00Fluor’s Eagle P3 Project Commuter Rail Maintenance Facility i...
07/23/201516:15:12Current Report Filing (8-k)
07/22/201516:08:00Fluor Awarded Power Maintenance Services Contract for Luminant’s C...
07/07/201515:33:38Statement of Changes in Beneficial Ownership (4)
07/07/201515:06:05Statement of Changes in Beneficial Ownership (4)
07/07/201515:02:31Statement of Changes in Beneficial Ownership (4)
07/07/201514:57:30Statement of Changes in Beneficial Ownership (4)
07/07/201514:54:08Statement of Changes in Beneficial Ownership (4)
07/07/201514:51:22Statement of Changes in Beneficial Ownership (4)
07/07/201514:44:48Statement of Changes in Beneficial Ownership (4)
07/01/201517:39:00Fluor Selected for Six-Year Position on the Air Force Contract...
07/01/201509:00:00Fluor Corporation to Hold Second Quarter Earnings Conference...
06/30/201509:14:00Fluor Consortium Selected as Preferred Bidder to Manage and Operate...
06/23/201507:22:00Fluor von BASF als weltweiter Entwicklungspartner ausgewählt
06/23/201506:33:00Fluor Selected by BASF as Global Engineering Partner
06/19/201512:25:09Annual Report of Employee Stock Plans (11-k)
06/19/201512:23:13Annual Report of Employee Stock Plans (11-k)
06/09/201516:03:00Fluor’s Peter Oosterveer Elected to Board of U.S.-China Business C...
06/04/201517:28:43Initial Statement of Beneficial Ownership (3)

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