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 carbon capture technology development. Fluor will book the undisclosed contract value in the second quarter of 2020.

Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have only until April 28, 2020 to file lead plaintiff applications in a securities class action lawsuit against Fluor Corporation (NYSE: FLR), if they purchased the Company’s shares between November 2, 2017 and February 14, 2020, both dates inclusive (the "Class Period"). This action is pending in the United States District Court for the Northern District of Texas.

Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have only until April 28, 2020 to file lead plaintiff applications in a securities class action lawsuit against Fluor Corporation (NYSE: FLR), if they purchased the Company's shares between November 2, 2017 and February 14, 2020, both dates inclusive (the "Class Period"). This action is pending in the United States District Court for the Northern District of Texas.

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.

Fluor Corporation (NYSE: FLR) announced today that the U.S. Army Europe’s 7th Army Training Command awarded the company the Logistics Support Services contract. The contract has a period of performance through May 2025.

Fluor Corporation (NYSE: FLR) announced today that its joint venture with Balfour Beatty was conditionally selected by the Texas Department of Transportation (TxDOT) to reconstruct and widen U.S. 290 from approximately the east end of Circle Drive to Loop 1 and State Highway 71 from U.S. 290 to Silvermine Drive in Travis County, west of downtown Austin, Texas. Fluor anticipates it will book its share of the undisclosed contract value in the third quarter of 2020.

Fluor (FLR) is set to provide EPC services to AGIC in order to meet the growing global demand for propylene and polypropylene.

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.

Fluor Corporation (NYSE: FLR) today provided updates on the two projects that it noted on February 18, 2020 were subject to developments contributing to the delay of Fluor’s Form 10-K filing.

Fluor Corporation (NYSE: FLR) announced today that the Air Force Installation Contracting Center awarded the company a position on the Air Force Contract Augmentation Program V (AFCAP V) for eight years beginning in May 2020. As one of eight companies selected for a position on the AFCAP V indefinite delivery/indefinite quantity contract, Fluor is now eligible to compete for specific task orders with a combined value not to exceed $6.4 billion during the contract period of performance.

Fluor Corporation (NYSE: FLR) today provided an update on certain corporate matters. For the first four months of 2020, the company’s cash balance has ranged between $1.7 to $2.0 billion. The company continues to have adequate liquidity to meet all operational and project needs and its revolving credit facilities remain undrawn. However, with the preservation of liquidity as a top consideration, and in light of the current economic disruption as a result of the COVID-19 pandemic and weak commodity prices, Fluor has made the decision to suspend its dividend as of April 29, 2020. Furthermore, the company is continuing its cost reduction efforts.

NEW ORLEANS, April 22, 2020 -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors of pending.

Companies In The News Are: LLY, SAVA, FLR, LYTS

PHILADELPHIA, April 30, 2020 -- Kehoe Law Firm, P.C. is investigating potential breach of fiduciary duty claims by certain officers and/or directors of Fluor Corporation.

Energy production matters a lot for industrial companies, particularly stock in several firms that do heavy business in the oil patch. Some are ready to bounce back.

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 billion over a 10-year period.

Fluor Corporation (NYSE: FLR) announced today that Fluor Limited, the company’s UK operation, was selected by Highways England as the preferred bidder to provide production management services as part of the Smart Motorways Alliance in the United Kingdom.

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 Fluor's businesses, as well as project developments during the quarter." The company said at the time that the review included meetings with clients, subcontractors and suppliers and settlements of outstanding claims. Fluor's stock has tumbled 65.8% over the past 12 months through Thursday, while the S&P 500 has inched up 0.1%.

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 ...

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.