Fluor Corporation - FLR STOCK NEWS

Fluor Corporation (NYSE: FLR) has been selected by Agilent Technologies to expand its oligonucleotide therapeutics manufacturing facility in Frederick, Colorado. The project, valued at $725 million, includes engineering and procurement services aimed at optimizing cost and construction speed. Fluor's new 275,000 square-foot facility will double Agilent's manufacturing capability and is expected to support the synthesis of critical nucleic acids for various diseases. Construction is currently underway, with completion projected by 2026.

Fluor Corporation (NYSE: FLR) has entered a contract worth $436 million with the Ministry of Public Works and Water Management in the Netherlands via its joint venture, ALSÉÉN, to undertake design, construction, and maintenance of the A27 motorway from Everdingen to Hooipolder. This project will expand nearly 25 miles of the motorway and includes bridge replacements and future connections. The contract will be recorded in Q1 2023, with preliminary work expected to start this year and completion anticipated between 2029 and 2031.

Fluor Corporation (NYSE: FLR) will host a conference call on February 21 at 8:30 A.M. Eastern time to discuss its financial results for the fourth quarter and full year ended December 31, 2022. CEO David Constable and CFO Joe Brennan will present the information, with results available before market opening. The call can be accessed via webcast and by phone. Fluor reported a revenue of $12.4 billion in 2021 and continues to be a significant player in engineering and construction.

Fluor Corporation (NYSE: FLR) has been awarded an $845 million contract by Hellas Gold, a subsidiary of Eldorado Gold Corp., for engineering, procurement, and construction management services for the Skouries gold-copper mining project in Greece. Scheduled to begin in 2023 and last 2.5 to 3 years, the project is expected to create 1,400 long-term jobs and produce an average of 140,000 ounces of gold and 67 million pounds of copper annually over its 20-year lifespan.

Fluor Corporation (NYSE: FLR) has announced the full redemption of €128,970,000 in 1.750% Senior Notes due January 31, 2023. The redemption will occur at 100% of the principal amount, plus accrued interest. A notice has been sent to registered holders, and the redemption will follow Euroclear and Clearstream procedures. Fluor, headquartered in Irving, Texas, reported $12.4 billion in revenue for 2021 and employs around 41,000 people globally.

Fluor Corporation (NYSE: FLR) announced the opening of the Medford Branch of the Green Line Extension light rail project in Massachusetts. Developed by the Green Line Extension Constructors joint venture, this project enhances transportation access in the Boston area. The 4-mile line expects a daily ridership of 45,000 by 2030. This line follows the first branch opened in March 2022 and aims to support regional mobility and reduce car traffic and emissions. The project is part of Massachusetts Bay Transportation Authority initiatives for sustainable urban growth.

Fluor Corporation (NYSE: FLR) has successfully completed the $666 million Southern Gateway project in Dallas, enhancing the Interstate 35-E (I-35E) corridor. This project, initiated by the Texas Department of Transportation in 2017, included the reconstruction and widening of 10 miles of highway, aimed at alleviating congestion and improving safety. The opening of the new road was celebrated by state and local leaders, affirming Fluor's commitment to regional infrastructure development.

Fluor Corporation (NYSE: FLR) and the Texas Department of Transportation recently broke ground on the I-35 Capital Express South project in Austin, Texas. Awarded in Q2 2022, the project aims to alleviate traffic congestion along I-35, which sees over 150,000 vehicles daily. Thomas Nilsson, president of Fluor’s Infrastructure business, highlighted the project’s role in enhancing mobility and supporting Texas's economic growth. Substantial completion is expected by early 2028.

Fluor Corporation (NYSE: FLR) has announced substantial engineering completion for Albemarle's Lithium Conversion project in Meishan City, Sichuan Province, China. This facility aims to produce 50,000 tons of lithium hydroxide per year, crucial for electric vehicle batteries. The project has reported over 3 million safe hours worked, showcasing significant safety milestones. Fluor continues to provide engineering, procurement, and construction management services, positioning Albemarle as a key player in the growing lithium market.