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Latest FLR News From Around the Web
Below are the latest news stories about Fluor Corp that investors may wish to consider to help them evaluate FLR as an investment opportunity.
Fluor Corporation -- Moody's downgrades Fluor's unsecured rating to Ba1 and assigns Ba1 CFR; ratings remain under review for downgrade
Moody's Investors Service ("Moody's") downgraded the ratings of Fluor Corporation ("Fluor") including its senior unsecured rating to Ba1 from Baa3 and short-term commercial paper rating to Not Prime (NP) from Prime-3. Concurrently, Moody's assigned a Ba1 Corporate Family Rating, Ba1-PD Probability of Default Rating, and a Speculative Grade Liquidity Rating of SGL-1.
The JV between Fluor (FLR) and BWX Technologies subsidiary is set to provide services for the transition from the current tank operations contract to the tank closure contract.
Fluor Awarded Front-End Engineering and Design for Minnkota Power Cooperative Carbon Capture Project in North Dakota
IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that it was awarded the front-end engineering and design (FEED) for Minnkota Power Cooperative’s (Minnkota) Project Tundra, a carbon capture, utilization and storage retrofit project at the Milton R. Young Station in Center, North Dakota. The FEED is being funded by the U.S. Department of Energy’s Office of Fossil Energy and managed by its National Energy Technology Laboratory as part of a larger initiative to advance
IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that the U.S. Department of Energy (DOE) selected Hanford Works Restoration, LLC (HWR), a joint venture between a subsidiary of BWX Technologies, Inc. and Fluor, to lead the Tank Closure Contract at the DOE’s Hanford Site. The team includes two pre-selected small businesses, DBD and INTERA, which provide specialized modeling and regulatory expertise, respectively. The contract is valued at up to approximately $13 bill
Fluor (FLR) is set to provide EPC services to AGIC in order to meet the growing global demand for propylene and polypropylene.
Fluor to Provide Project Management Consultancy Services for Advanced Global Investment Company’s Propane Dehydrogenation and Polypropylene Complex in Saudi Arabia
Fluor Corporation (NYSE: FLR) announced today that it was named project management consultant for Advanced Global Investment Company’s (AGIC) new propane dehydrogenation, polypropylene and utilities and offsites complex in Jubail Industrial City, Saudi Arabia. Fluor will perform project management consultant services for the front-end engineering design, detailed engineering, procurement and construction phases of the project. Fluor booked its portion of the undisclosed contract value in the first quarter of 2020.
NYSE: FLR Shareholder Notice: Lawsuit against Fluor Corporation announced by Shareholders Foundation
SAN DIEGO, CA / ACCESSWIRE / May 11, 2020 / The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in Fluor Corporation (NYSE:FLR) shares. Investors, who purchased shares ...
Engineering and construction firm Fluor Corp said on Friday it had received a subpoena from the U.S. Department of Justice, seeking documents related to projects for which it recorded charges in the second quarter of 2019. In a filing https://bit.ly/3fvy5UM on Friday, Fluor said a special committee was independently conducting a review of the company's prior period reporting. Fluor said it was coordinating its response to the SEC and DOJ and was cooperating with the agencies in providing the requested documents and information.
Shares of Fluor Corp. dropped 3.6% in premarket trading Friday, after the engineering, construction and project maintenance company disclosed that it is being investigated by regulators for charges recorded in the second-quarter of 2019. The Securities and Exchange Commission has requested documents, and Fluor said it received on April 30 a subpoena from the U.S. Department of Justice seeking documents related to the charges and certain projects associated with the charges. Fluor said it was cooperating with the regulators, and said, as previously announced, conducting its own review of its prior-period reporting and related control environment. In August 2019, the company said it recorded a second-quarter charge of $714 million as a result of an "operational and strategic review of Fl...
Fluor and its joint venture partners are to terminate the design-build contract for the US$5.6bn (£4.5bn) Purple Line rail project in Maryland, USA.