Fluor Corporation

Fluor Selected by BHP for Stage 2 of Multibillion-Dollar Jansen Potash Project in Saskatchewan, Canada

Retrieved on: 
星期五, 十一月 3, 2023
Agriculture, Construction & Property, Natural Resources, Engineering, Chemicals, Plastics, Other Construction & Property, Mining, Minerals, Manufacturing, NYSE, Disease resistance, Fertilizer, Fluor Corporation, Multimedia, BHP, Metal, Fluor, Corporation, Food security, FLR, Potash

Fluor Corporation (NYSE: FLR) announced today that its Mining & Metals business has been selected by BHP Canada to develop Stage 2 of its multibillion-dollar Jansen potash project in Saskatchewan, Canada.

Key Points: 
  • Fluor Corporation (NYSE: FLR) announced today that its Mining & Metals business has been selected by BHP Canada to develop Stage 2 of its multibillion-dollar Jansen potash project in Saskatchewan, Canada.
  • View the full release here: https://www.businesswire.com/news/home/20231103432597/en/
    BHP Canada’s Jansen potash project site in Saskatchewan.
  • When completed, the Jansen site will be capable of producing approximately 8.5 million tonnes of potash per year.
  • The project will be managed through Fluor’s Calgary and Vancouver, Canada, offices.

Fluor Awarded FEED Contract for World’s First Industrial-Scale Sodium-Ion Battery Production Facility

Retrieved on: 
星期三, 十月 25, 2023
Technology, Manufacturing, Batteries, Other Energy, Other Science, Other Manufacturing, Alternative Energy, Energy, Engineering, Science, Chemicals, Plastics, Advanced Technology Vehicles Manufacturing Loan Program, Fluor Corporation, FEED, Wood, Cell, Atmosphere, NYSE, FLR, Altri, Electrolyte, Corporation, Iron, Electric battery

Fluor Corporation (NYSE: FLR) announced today that its Advanced Technologies & Life Sciences business line has been selected by Altris AB to provide front-end engineering and design (FEED) services for the world’s first industrial-scale sodium-ion battery production facility in Sandviken, Sweden.

Key Points: 
  • Fluor Corporation (NYSE: FLR) announced today that its Advanced Technologies & Life Sciences business line has been selected by Altris AB to provide front-end engineering and design (FEED) services for the world’s first industrial-scale sodium-ion battery production facility in Sandviken, Sweden.
  • Fluor recognized the undisclosed contract value in the third quarter of 2023.
  • “This is a major step forward in battery evolution and the energy transition journey,” said Richard Meserole, president of Fluor’s Advanced Technologies & Life Sciences business line.
  • Sodium-ion batteries are inherently safe and easy to recycle because they are mainly comprised of salt, wood, iron and air.

Stork UK Secures Three-Year Contract with Sellafield Ltd

Retrieved on: 
星期四, 十月 19, 2023
Other Energy, Commercial Building & Real Estate, Construction & Property, Energy, Engineering, Other Construction & Property, Nuclear, Manufacturing, Sale, United Kingdom, NYSE, Sellafield Ltd, Fluor Corporation, Multimedia, Carlisle Racecourse, Quality assurance, Partnership, Stork, Corporation, FLR, Nightclub, Fluor

Fluor Corporation (NYSE: FLR) announced today that Stork UK, a Fluor company, has secured a three-year contract with Sellafield Ltd for its nuclear site in the United Kingdom.

Key Points: 
  • Fluor Corporation (NYSE: FLR) announced today that Stork UK, a Fluor company, has secured a three-year contract with Sellafield Ltd for its nuclear site in the United Kingdom.
  • View the full release here: https://www.businesswire.com/news/home/20231019887058/en/
    Representatives from Sellafield Inspection & Certification Group and Stork UK Quality Services gathered at Carlisle Racecourse in England to collaborate and celebrate the newly awarded Inspection and Quality Assurance contract.
  • (Photo: Business Wire)
    The three-year contract, which has two one-year follow-on options, will continue to see Stork UK provide independent third-party inspection and quality assurance solutions for Sellafield Ltd.
  • “This contract is a great example of a collaborative partnership between Stork UK and Sellafield” said Steve Hunt, Stork’s regional director in the UK.

Fluor Completes Bayer’s First Global Cell Therapy Launch Facility in Berkeley, California

Retrieved on: 
星期三, 十月 18, 2023
Commercial Building & Real Estate, Construction & Property, Engineering, Cardiology, Stem Cells, Manufacturing, Other Health, Biotechnology, Pharmaceutical, Health, NYSE, Fluor Corporation, Multimedia, Cell, Fluor, CCTC, Corporation, FLR, Cardiovascular disease, Pharmaceutical industry, Bayer

Fluor Corporation (NYSE: FLR) announced today that it has completed construction of Bayer’s first global Cell Therapy Launch Facility in Berkeley, California.

Key Points: 
  • Fluor Corporation (NYSE: FLR) announced today that it has completed construction of Bayer’s first global Cell Therapy Launch Facility in Berkeley, California.
  • Completion was celebrated October 10, 2023, at the new facility with local officials, dignitaries, Bayer employees and clients.
  • View the full release here: https://www.businesswire.com/news/home/20231018153130/en/
    Bayer's first global Cell Therapy Launch Facility was recently completed by Fluor Corporation.
  • Fluor also completed construction of Bayer’s state-of-the-art Single Use Technology biopharmaceutical manufacturing Cell Culture Technology Center (CCTC) in 2021.

Fluor Receives Five-Year Contract Extension for Naval Nuclear Propulsion Program

Retrieved on: 
星期一, 十月 9, 2023
Other Defense, Contracts, Maritime, Transport, Military, Energy, Government Technology, Nuclear, Defense, NNSA, Multimedia, NYSE, Navy, FLR, Government, United States Department of the Navy, Corporation, NNL, Fluor, Woman, U.S. Department of Defense Strategy for Operating in Cyberspace, Fluor Corporation, Naval Nuclear Power Training Command, Arms industry

Consistent with the original contract, Fluor will recognize all fees earned with this new extension as equity income.

Key Points: 
  • Consistent with the original contract, Fluor will recognize all fees earned with this new extension as equity income.
  • View the full release here: https://www.businesswire.com/news/home/20231009261311/en/
    Fluor has received a five-year contract extension for the Naval Nuclear Propulsion Program.
  • (Photo: Business Wire)
    The contract supports the Naval Nuclear Propulsion Program that is jointly part of the Department of Energy’s NNSA and the Department of the Navy.
  • The NNL is solely dedicated to the Naval Nuclear Propulsion Program and is comprised of nearly 8,000 engineers, scientists, technicians and support personnel.

Fluor Selected to Provide Front-End Engineering and Design for Low-Carbon Blue Ammonia Facility

Retrieved on: 
星期四, 十月 5, 2023
Chemicals, Plastics, Alternative Energy, Energy, Green Technology, Manufacturing, Sustainability, Technology, Other Natural Resources, Environment, Natural Resources, Other Technology, Science, Other Energy, Other Science, Engineering, Multimedia, NYSE, FLR, Cormorant, FEED, Ammonia, Carbon, Fluor Corporation, River, Corporation, Hydrogen, Methanol, Pine River Capital Management, Fluor

Fluor Corporation (NYSE: FLR) announced today that it has been awarded a contract for front-end engineering and design (FEED) and procurement services by Cormorant Clean Energy, LLC – a subsidiary of 8 Rivers Capital, LLC – for the construction of a low-carbon blue ammonia production facility.

Key Points: 
  • Fluor Corporation (NYSE: FLR) announced today that it has been awarded a contract for front-end engineering and design (FEED) and procurement services by Cormorant Clean Energy, LLC – a subsidiary of 8 Rivers Capital, LLC – for the construction of a low-carbon blue ammonia production facility.
  • (Photo: Business Wire)
    Once constructed, the facility will be the first commercial-scale application of 8 Rivers’ 8RH2 ultra-low-carbon hydrogen production technology.
  • The facility’s ammonia will be considered ‘blue’ because more than 99% of the carbon dioxide generated will be captured as part of the process.
  • The project includes multiple licensed technology units which Fluor will develop deliverables for using process design packages from the licensors.

Fluor Corporation to Hold Third Quarter Earnings Conference Call

Retrieved on: 
星期四, 十月 5, 2023
Engineering, Other Construction & Property, Manufacturing, Commercial Building & Real Estate, Construction & Property, Building Systems, ID, Corporation, Financial result, NYSE, Webcast, Telephone, Fluor Corporation, FLR, Broadcasting

Fluor Corporation (NYSE: FLR) will hold a conference call to review results for its third quarter ended September 30, 2023.

Key Points: 
  • Fluor Corporation (NYSE: FLR) will hold a conference call to review results for its third quarter ended September 30, 2023.
  • The public is invited to listen to the conference call on Friday, November 3rd, at 8:30 a.m. Eastern with Chairman and Chief Executive Officer David Constable and Chief Financial Officer Joe Brennan.
  • Financial results will be released prior to market open that day.
  • The live webcast and a replay will be available with accompanying slides online at investor.fluor.com .

Fluor Announces Full Mandatory Conversion of Series A 6.50% Cumulative Perpetual Convertible Preferred Stock

Retrieved on: 
星期一, 九月 25, 2023
Building Systems, Manufacturing, Architecture, Construction & Property, Engineering, FLR, Common stock, Growth, Preferred stock, Fluor Corporation, Corporation, NYSE, Conversion, Series, Security (finance)

Fluor Corporation (NYSE: FLR) (the “Company” or “Fluor”) announced today that it has exercised its mandatory conversion rights on its outstanding Series A 6.50% Cumulative Perpetual Convertible Preferred Stock (the “Preferred Stock”).

Key Points: 
  • Fluor Corporation (NYSE: FLR) (the “Company” or “Fluor”) announced today that it has exercised its mandatory conversion rights on its outstanding Series A 6.50% Cumulative Perpetual Convertible Preferred Stock (the “Preferred Stock”).
  • All of the outstanding shares of Preferred Stock will automatically convert to shares of the Company’s common stock, $0.01 par value (“Common Stock”) plus a cash payment equal to the Mandatory Conversion Make-Whole Amount, effective September 27, 2023 (the “Mandatory Conversion Date”).
  • For each share of Preferred Stock, holders of Preferred Stock will receive 44.9585 shares of Common Stock and a cash payment of $45.23 in respect of the Mandatory Conversion Make-Whole Amount.
  • All dividends on the Preferred Stock will cease to accumulate on the Mandatory Conversion Date, and no payment or adjustment shall be made upon conversion of Preferred Stock for accumulated dividends since the last record date.

Engineering Services Market size to grow by USD 365.9 billion from 2022 to 2027, AECOM, AKKA Technologies SE, Babcock International Group Plc, and more among key companies- Technavio

Retrieved on: 
星期一, 九月 25, 2023
Balfour Beatty, Specialty, Health, Metallurgy, Hydraulics, AECOM, International, Uber, Research, KKR, USD, Brasfield, SAS, Emcor, Cadence Design Systems, Inc. v. Avanti Corp, HRO, CIMIC Group, Jacobs Solutions, Mining, Engineering, Growth, R, Ola, Geography, Safety, Fluor Corporation, Speciality chemicals, Lyft

NEW YORK, Sept. 24, 2023 /PRNewswire/ -- The engineering services market is expected to grow by USD 365.9 billion from 2022 to 2027.

Key Points: 
  • NEW YORK, Sept. 24, 2023 /PRNewswire/ -- The engineering services market is expected to grow by USD 365.9 billion from 2022 to 2027.
  • In addition, the growth momentum of the market will progress at a CAGR of 4.2% during the forecast period, according to Technavio.
  • AECOM - The company offers engineering services such as Advanced modeling, Building engineering, Hydraulic services, and Specialty structures.
  • The IT professional services market is estimated to grow at a CAGR of 9.09% between 2022 and 2027.

Fluor Sells Stork European Business

Retrieved on: 
星期四, 九月 7, 2023
Professional Services, Engineering, Business, Manufacturing, Commercial Building & Real Estate, Construction & Property, FLR, Stork, Fluor Corporation, Bilfinger, Corporation, Lazard, NYSE, Property management

Fluor Corporation (NYSE: FLR) announced today that it has agreed to sell its Stork business in Belgium, Germany, the Netherlands and its turbo blading manufacturing operation in the United States to industrial services provider Bilfinger SE.

Key Points: 
  • Fluor Corporation (NYSE: FLR) announced today that it has agreed to sell its Stork business in Belgium, Germany, the Netherlands and its turbo blading manufacturing operation in the United States to industrial services provider Bilfinger SE.
  • This divestiture advances Fluor’s strategic initiative to focus on its core businesses and capital priorities.
  • This transaction is subject to consultations with and advice from the representative body of the applicable works councils, consultations with the trade unions and receipt of regulatory clearances along with other customary conditions and, subject to these conditions, is expected to be completed in the first half of 2024.
  • Lazard is the financial advisor to Fluor on this transaction.