Fluor Corp (FLR) News

Well, this is awkward. Nobody home. Should I turn out the lights?

FLR new 52 week high

Fluor (NYSE:FLR) is a leading global provider of engineering, procurement, and construction services. It focuses on three markets:

Energy solutions: Fluor serves customers in the chemicals, liquified natural gas (LNG), nuclear project services, and production and fuels sectors.
Urban solutions: Flour provides services to the advanced technology, infrastructure, life sciences, and mining and metals sectors.
Mission solutions: The company also provides technical and project expertise to government agencies.
Flour’s wide range of capabilities makes it a key beneficiary of increased global infrastructure spending. As a leader in engineering and construction, it will play a key role in building infrastructure projects in the coming years.

https://www.fool.com/investing/stock-market/market-sectors/industrials/construction-stocks/infrastructure-stocks/

2:17p ET 5/26/2021 - BusinessWire
Fluor Announces $20 Million IHI Corporation Investment in NuScale Power
Mentioned: FLR IHICY
Fluor Corporation (NYSE: FLR) announced today that IHI Corporation (IHI) of Japan is investing $20 million into NuScale Power LLC, a leading small modular nuclear reactor (SMR) technology company in which Fluor is the majority investor. IHI's immediate investment of $20 million may be followed by another $20 million later. In addition to IHI's ownership interest, IHI will become a global manufacturing partner and have the opportunity to provide design services and heavy manufacturing of the steel plate reinforced concrete wall structures for NuScale SMR projects in which Fluor has the lead role.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210526006024/en/

"IHI's decision to invest in NuScale's leading-edge SMR technology is another concrete example of the growing interest in this industry-leading, carbon-free energy solution," said David Constable, chief executive officer, Fluor Corporation. "This significant investment by IHI also aligns with Fluor's strategy to bring aboard new strategic investors to NuScale."

The investment from IHI comes on the heels of a previously announced investment in NuScale and new strategic partnership by JGC Holdings Corporation with Fluor, further demonstrating the global support of NuScale. Fluor and NuScale are currently working for Utah Associated Municipal Power Systems (UAMPS) to bring the world's first carbon-free SMR project to commercialization.

Fluor has been serving the nuclear industry for more than 70 years including the design and construction support for more than 25 nuclear plants, plus nearly 100 million hours of nuclear operations and maintenance work.

#FLR: EXPANDING INTO EMERGING TECHNOLOGY SECTOR...:-} businesses.


#DMAN:#PTGI;.INSTANT.AFFILIATION.WITH.A.$2.BILLION.CORPORATION...:-]

6700-las-colinas-blvd-irving-tx-75039...:-}


LOOK AT THAT...INSTANT AFFILIATION WITH A $2 BILLION CORPORATION...:-]


https://www.otcmarkets.com/stock/FLR/security


https://www.bizapedia.com/wy/pacific-technologies-group-inc.html


The Next week this information was changed to hide the connection...!



https://www.bizapedia.com/addresses/6700-las-colinas-blvd-irving-tx-75039.html

The company has 5 principals on record. The principals are A. L. Boeckman from Irving TX, C. M. Hernandez from Irving TX, D. M. Steuert from Irving TX, Incfile.Com LLC from Houston TX, and J. M. Oliva from Irving TX.


https://www.fluor.com/about-fluor/leadership


Alan Boeckmann
Executive Chairman







https://www.otcmarkets.com/stock/FLR/profile


https://www.fluor.com/projects


FLUOR CORP.
6700 Las Colinas Blvd
Irving, TX 75039




https://www.fluor.com/about-fluor/videos?videoid=298


https://www.facebook.com/FluorCorp/



https://twitter.com/fluorcorp


https://www.geoenhanced.com/



https://www.otcmarkets.com/stock/DMAN/news


https://backend.otcmarkets.com/otcapi/company/financial-report/235517/content



https://ih.advfn.com/stock-market/USOTC/demand-brands-inc-DMAN/trades


https://twitter.com/geoenhanced



https://twitter.com/Rel1Resources

https://www.fluor.com/

There is absolutely ZERO connection to DMAM DEBUNKED

Very interesting article. Thanks

Very interesting article. Thanks

#FLR: THE BIG BOY GETTING THE #DMAN: #PACIFIC TECHNOLOGY BUMP... NICE TO SEE YOU HERE CUCKOO...

Weeeeeeeeeeeeeeeee!

#FLR: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=162005450

#FLR: https://www.fluor.com/services/engineering

#FLR: https://twitter.com/fluorcorp

#FLR: https://www.marketwatch.com/investing/stock/FLR

#FLR: Fluor Corporation Announces Leadership Transition..:-}


https://www.fluor.com/

https://twitter.com/fluorcorp

https://www.facebook.com/FluorCorp/













Alan Boeckmann, executive chairman of the Board. ...:-}



https://marketwirenews.com/news-releases/fluor-corporation-announces-leadership-transition-7886828553566261.html?i=ib




David E. Constable Appointed Chief Executive Officer, Effective January 1, 2021

Carlos Hernandez to Retire at Year-End 2020

Fluor Corporation (NYSE: FLR) announced today that David E. Constable, a member of the Fluor Board of Directors, has been appointed chief executive officer (CEO), effective January 1, 2021. Constable succeeds Carlos Hernandez, who will retire as CEO and a member of the company’s Board at the end of the year.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201102005505/en/

David E. Constable Appointed Chief Executive Officer of Fluor Corporation, Effective January 1, 2021 (Photo: Business Wire)

Constable is a versatile executive with significant international experience and a proven track record of driving growth and value creation across multiple industries. He brings 30 years of insight to Fluor’s business, strategy and operations, having held various leadership roles within the company from 1982 to 2011, before returning as a Board member in 2019. From 2011 to 2016, Constable served as CEO of Sasol Ltd, where he executed a comprehensive change program and implemented a new operating model focused on enhancing growth across the organization.

“We are pleased to appoint David, a proven executive with a deep understanding of our operations and opportunities, as Fluor’s next CEO,” said Alan Boeckmann, executive chairman of the Board. “This leadership transition is the result of the Board’s long-term succession planning process and follows a comprehensive external search. David brings a unique combination of deep insight to Fluor and an outside perspective from his prior experience as CEO of Sasol. His successful history of leading integrated global operations with a focus on effective risk management makes him ideally positioned to lead Fluor. I have had the opportunity to work closely with David over the last 25 years, both on the Fluor Board and as a member of the management team, and can personally attest to his unparalleled understanding of our business and dedication to our company. Our Board is confident David is the right person to shape and lead the company’s transformation strategy, which will enable us to achieve our full potential.”

Boeckmann continued, “On behalf of the Board and the management team, I thank Carlos for his 13 years of leadership and many contributions to Fluor. As CEO, Carlos played an integral role setting Fluor on the path to restore confidence in our financial reporting. He oversaw our 2019 strategic review, which focused on lowering our risk profile and strengthening our balance sheet, and helped establish a culture of teamwork and transparency, laying the groundwork for Fluor’s future success. We are grateful to have had an executive of Carlos’s caliber step in to lead the company over this critical period. As a result, Fluor is on the right track and we are well prepared to enter a new chapter. We are grateful for his service to our company.”

“It has been an honor to serve as CEO of Fluor over the last year and a half, and a member of this great team for over a decade,” Hernandez said. “While it has been a challenging time for Fluor, we have made significant progress conducting our strategic review, strengthening our operations and completing the restatement of our financial results. Particularly, with the onset of the COVID-19 pandemic, I am proud of how our team adapted to the dynamic environment, remained focused on our objectives and continued delivering for our customers and shareholders. Given the strength of our team and the momentum underway, the Board and I are confident that now is the right time to welcome new leadership to Fluor, and that the company is well positioned for the next phase of growth under David.”

“I am excited to rejoin such a great company and am honored to be leading Fluor during this important time in its history,” said Constable. “Since first joining Fluor in 1982 and returning again as a Board member last year, I have seen firsthand the team’s hard work and commitment to improving the business and delivering for our customers. Given my role on the Board, I am confident we will have a smooth transition. Fluor has a unique value proposition, strong industry position and the right talent to enable us to capitalize on the opportunities ahead and enhance value for all stakeholders.”

Constable and the Fluor leadership team will hold a business update conference call with the investment community in mid-January to share details on the company’s transformation strategy.

About David E. Constable

Constable has served as a director on the Fluor Board since 2019, and is chair of the Commercial Strategies and Operational Risk Committee, and a member of the Executive and Governance Committees. He was the president and chief executive officer of Sasol Limited from 2011 to 2016, where he drove a comprehensive group-wide change program, which culminated in the roll-out of the organization’s new operating model and its related structures, systems and processes. Prior to joining Sasol, Constable held various roles with Fluor from 1982 to 2011, most recently as group president, Operations, where he was responsible for the multi-functional entity that served Fluor’s core business groups. He was also responsible for a number of businesses at Fluor.

Constable is a member of the ABB Ltd. board, and serves as a director on the Rio Tinto plc and Rio Tinto Ltd. boards. He previously served on the board of Anadarko Petroleum Corporation from 2016 until its merger with Occidental Petroleum in 2019.

Constable graduated from the University of Alberta with a bachelor’s in Engineering and is a registered professional engineer. He is a graduate of Thunderbird University’s International Management Program and Wharton Business School’s Advanced Management Program.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company with projects and offices on six continents. Fluor’s 45,000 employees build a better world and provide sustainable solutions by designing, building and maintaining safe, well executed projects. Fluor had revenue of $17.3 billion in 2019 and is ranked 181 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has served its clients for more than 100 years. For more information, please visit www.fluor.com or follow Fluor on Twitter , LinkedIn , Facebook and YouTube .

#corp


View source version on businesswire.com: https://www.businesswire.com/news/home/20201102005505/en/

Brian Mershon
Media Relations
469.398.7621 tel

Jason Landkamer
Investor Relations
469.398.7222 tel

JUST IN: $FLR Fluor Grants Inducement Award Pursuant to NYSE Rule 303A.08

Fluor Corporation (NYSE: FLR) announced today that the Board of Directors has appointed David E. Constable, a member of the Board of Directors, to serve as Chief Executive Officer of Fluor, effective January 1, 2021. Pursuant to New York Stock Exchange Rule 303A.08, Fluor notes ...

In case you are interested FLR - Fluor Grants Inducement Award Pursuant to NYSE Rule 303A.08

News; $FLR Fluor Corporation Announces Leadership Transition

David E. Constable Appointed Chief Executive Officer, Effective January 1, 2021 Carlos Hernandez to Retire at Year-End 2020 Fluor Corporation (NYSE: FLR) announced today that David E. Constable, a member of the Fluor Board of Directors, has been appointed chief e...

Find out more FLR - Fluor Corporation Announces Leadership Transition

NEWS: $FLR Comprehensive non-correlated Fluor $FLR Trading Report

Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with out market based analysis, the probabilities of going with the flow increases, and that is material over time. The Fluor (NYSE: ...

Got this from FLR - Comprehensive non-correlated Fluor $FLR Trading Report

Hopefully all the bad news are gone



Ec

My how time can change the outlook of a stock, eh?

Anybody catch the 8:30am Conference Call
this morning? FLR

Briboy

News; $FLR Fluor $FLR Trading Report

The Fluor (NYSE: FLR) update and the technical summary table below can help you manage risk and optimize returns. Here we provide day, swing, and longer-term trading plans for FLR, and we cover 1000 other stocks too. This is a snapshot, it was real-time when the report was published, bu...

Got this from FLR - Fluor $FLR Trading Report

Just In: $FLR Fluor Joint Venture Successfully Starts Up Boilers at New Al-Zour Refinery in Kuwait

Fluor Corporation (NYSE: FLR) announced today that its joint venture with Daewoo Engineering & Construction and Hyundai Heavy Industries, FDH JV, has successfully started up two boilers and they began generating steam in the new Al-Zour Refinery at the Kuwait Integrated Petrochemicals I...

In case you are interested FLR - Fluor Joint Venture Successfully Starts Up Boilers at New Al-Zour Refinery in Kuwait

Damm ..I missed that 52 week low..$2.85


Ec

* * $FLR Video Chart 03-19-2020 * *

Link to Video - click here to watch the technical chart video

Single digits coming

going down from here....im glad flr is doing bad ....most of the people that work there is because they know someone in the company


flr needs to clean house and hire professionals


and stop hiring friend and family members


i might buy some shares at $5





ec

News: $FLR 5 Massive Defense Deals You Have Might Missed in Last Week's Pentagon Contracts Update

The end of a fiscal quarter in Washington is a funny time -- and the end of a fiscal year at the Pentagon even more so. As the clock starts ticking down to the final days of a quarter, the Pentagon's contracts clerks shift into overdrive, finalizing and pushing out the door dozens of defense ...

Read the whole news FLR - 5 Massive Defense Deals You Have Might Missed in Last Week's Pentagon Contracts Update

FLUOR behind MDR
Some eyes here

Anyone know the story here?

The share price has taken a beating as of late, due to a disastrous pipeline project. I'm down 14% since my purchase of shares in march.

I guess nobody's interested in FLR on here. My 3 week position Feb 52.5 calls are up 550 % and I'm looking at more upside with a fresh position and a rollover.. Kudo's to my fellow investors...

$FLR Fluor to suffer "modest hit" from SCANA's nuclear pullout, Citi analyst says

Fluor (FLR +0.4%) is steady after sinking to a 52-week low yesterday on news that SCANA was abandoning construction of its Summer nuclear project in South Carolina; FLR is the construction contractor for the project, as well as Southern Co.'s Voglte nuclear project in Georgia.

Citigroup's Andrew Kaplowitz keeps his Buy rating and $60 price target on FLR, believing the company will take "a modest hit" from SCG's decision but damage to the stock "should be fairly limited and contained."

Summer and Vogtle represented a combined $6.4B of backlog for FLR as of the end of Q1, with Summer comprising a smaller portion of the backlog, according to Kaplowitz, who estimates SCG's decision will cut FLR's annual EPS by $0.15 and backlog by $3B.

Fluor, Bechtel may bid for Vogtle nuclear project construction

Fluor (FLR +0.2%) and Bechtel reportedly are considering bids to take over construction of Southern Co.’s (SO +0.3%) Vogtle plant expansion in Georgia.

At issue is finding some contractor to replace Westinghouse Electric, the designer and principal contractor for the two 1,100-plus MW reactors under construction at Vogtle which has filed for Chapter 11 bankruptcy protection.

Bechtel reportedly would have a bid ready for taking over construction of the $17B project by August, a timetable consistent with SO CEO Tom Fanning's recent statement that he expects to settle Vogtle's future by August.

Fluor Corp (NYSE:FLR) Nearing Major Chart Support

Leading construction and engineering company Fluor Corporation (NYSE:FLR) was another stock that tumbled after reporting earnings recently. On May 5th, the construction company missed earnings forecasts and guided FY17 EPS below consensus. This does not seem like a stock traders and investors would want to own right now, but the charts are painting a different picture.

Fluor Corporation (NYSE:FLR) stock is now trading into a very interesting support area. Aggressive traders and investors could actually nibble on the stock at it's current price level which is around $47.50 a share. Traders can use the current bottoming tail from May 5th, 2017 as the stop loss. Any daily close below the tail low at $46.50 would trigger a stop loss in the trade. More conservative traders can look at the $44.00 area as the next level to go long (buy) the stock. This area would be a significant retrace level where the institutional money would likely step in and support the equity. Either way, FLR stock is now looking attractive for a long side trade according to the charts.



Nicholas Santiago
InTheMoneyStocks

Fluor upgraded to Buy from Hold at Canaccord after Q1 earnings swoon

Fluor (FLR -0.8%) is upgraded to Buy from Hold with a $55 price target at Canaccord Genuity following its substantial Q1 earnings miss and full-year guidance cut.

Canaccord says it is not certain the shares have hit bottom, but feels strongly that the risk/reward proposition following an 8% YTD decline is highly attractive, and that mid-cycle EPS power is arguably $3.50, implying a current 13.8x multiple.

The firm says FLR is still the industry bellwether despite the disappointing quarter, with top-tier execution capabilities in end-markets with compelling long-term prospects, and the ~2% dividend yield, 10% TTM FCF yield, and $614M in net cash on the balance sheet provide measures of downside support.

Fluor -8% on big Q1 earnings miss, downside guidance

Fluor (FLR -7.8%) is sharply lower after Q1 earnings plunged 42% Y/Y and fell far short of analyst expectations, which the company attributes to a shift from higher margin engineering activities to lower margin construction.

FLR also cuts its FY 2017 EPS guidance range to $2.25-$2.75 from its earlier outlook for $2.75-$3.25 and below the $2.90 analyst consensus estimate.

Q1 revenues from the Energy, Chemicals and Mining segment fell 5.8% Y/Y to $2.3B, while revenues in Industrial, Infrastructure and Power jumped 44% to $1.2B.

FLR says it "continue(s) to experience headwinds as it relates to the timing of client capital decisions as we come off of one of the lowest commodity cycles this industry has seen in recent history."

$FLR LOL eating CROW..47.45 -3.15 (-6.23%)

Started buying $FLR yesterday $51 #infrastructure

Editable 5yr DCF analysis implies Fluor Corp $FLR is trading at a 20% discount before earnings Friday: DCF Model Source

FLR jun/jul 77.5 call calendar 0.85 debit (max gain 0.686 or 82% by 6/21/14)
b/e 79.26, 75.85

$FLR

DD Notes ~ http://www.ddnotesmaker.com/FLR

##### recent news/filings ~ source: finance.yahoo.com

Wed, 04 Jun 2014 16:58:30 GMT ~ [video] Dicker and Link: Obama Emissions Proposal Great News for Natural Gas
read full: http://www.thestreet.com/_yahoo/story/12733621/1/dicker-and-link-obama-emissions-proposal-great-news-for-natural-gas.html?cm_ven=YAHOOV&cm_cat=FREE&cm_ite=NA
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Tue, 03 Jun 2014 18:08:07 GMT ~ FLUOR CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Termination of a Material Definitive Agree
read full: http://biz.yahoo.com/e/140603/flr8-k.html
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Thu, 29 May 2014 19:30:03 GMT ~ Fluor's NuScale Gets DOE Funding
read full: http://finance.yahoo.com/news/fluors-nuscale-gets-doe-funding-193003074.html
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Wed, 28 May 2014 11:21:00 GMT ~ Fluor’s NuScale Power and U.S. Department of Energy Agree on Funding for Advanced Nuclear Small Modular Reactor Technology
[Business Wire] - Fluor Corporation announced today that NuScale Power, in which Fluor is the majority investor, officially signed a contract agreement with the U.S. Department of Energy
read full: http://finance.yahoo.com/news/fluor-nuscale-power-u-department-112100442.html
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Sun, 25 May 2014 12:14:20 GMT ~ AMC Networks, Xerox, Fluor, others could be ways to play M&A, Barron's says
read full: http://www.theflyonthewall.com/permalinks/entry.php/AMCX;XRX;FLRid2015906/AMCX;XRX;FLR-AMC-Networks-Xerox-Fluor-others-could-be-ways-to-play-MA-Barrons-says
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##### chart ~ source: stockcharts.com



##### chart ~ source: eoddata.com



##### company info ~ source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/FLR/company-info
Ticker: $FLR
OTC Market Place: Not Available
CIK code: 0001124198
Company name: Fluor Corp.
Incorporated In: DE, USA

##### extra dd links

Edgar filings: http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001124198&owner=exclude&count=40
Latest filings: http://www.otcmarkets.com/stock/FLR/filings
Latest financials: http://www.otcmarkets.com/stock/FLR/financials
Latest news: http://www.otcmarkets.com/stock/FLR/news - http://finance.yahoo.com/q/h?s=FLR+Headlines

Major holdings: http://data.cnbc.com/quotes/FLR/tab/8.1
Insider transactions (1): http://finance.yahoo.com/q/it?s=FLR+Insider+Transactions
Insider transactions (2): http://www.secform4.com/insider-trading/FLR.htm
Insider transactions (3): http://www.insidercow.com/history/company.jsp?company=FLR

RegSho: http://www.regsho.com/tools/symbol_stats.php?sym=FLR&search=search

DTCC: http://search2.dtcc.com/?q=Fluor+Corp.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information: http://www.spoke.com/search?utf8=%E2%9C%93&q=Fluor+Corp.
Corporation WIKI: http://www.corporationwiki.com/search/results?term=Fluor+Corp.&x=0&y=0

Short Sales: http://www.otcmarkets.com/stock/FLR/short-sales
Insider Disclosure: http://www.otcmarkets.com/stock/FLR/insider-transactions
Research Reports: http://www.otcmarkets.com/stock/FLR/research
Historical Prices: http://finance.yahoo.com/q/hp?s=FLR+Historical+Prices
Basic Tech. Analysis: http://finance.yahoo.com/q/ta?s=FLR+Basic+Tech.+Analysis
Company Profile: http://finance.yahoo.com/q/pr?s=FLR+Profile
Key Statistics: http://finance.yahoo.com/q/ks?s=FLR+Key+Statistics
Industry: http://finance.yahoo.com/q/in?s=FLR+Industry
Insider Roster: http://finance.yahoo.com/q/ir?s=FLR+Insider+Roster
Income Statement: http://finance.yahoo.com/q/is?s=FLR
Balance Sheet: http://finance.yahoo.com/q/bs?s=FLR
Cash Flow: http://finance.yahoo.com/q/cf?s=FLR+Cash+Flow&annual
Market Watch: http://www.marketwatch.com/investing/stock/FLR
Bloomberg: http://www.bloomberg.com/quote/FLR:US
Morningstar: http://quotes.morningstar.com/stock/s?t=FLR
Bussinessweek: http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=FLR
Barchart: http://www.barchart.com/quotes/stocks/FLR
OTC Short Report: http://otcshortreport.com/index.php?index=FLR
Investopedia: http://www.investopedia.com/markets/stocks/FLR/?wa=0

http://www.pennystocktweets.com/stocks/profile/FLR

##### last known share structure ~ source: otcmarkets.com

Market Value: $11,942,009,377 a/o Jun 04, 2014
Shares Outstanding: 159,141,916 a/o Apr 25, 2014
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.01

##### business description ~ source: otcmarkets.com



DD Notes ~ http://www.ddnotesmaker.com/FLR

~ Wednesday! $FLR ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $FLR ~ Earnings expected on Wednesday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=FLR&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=FLR&p=W&b=3&g=0&id=p54550695994



~ Google Finance: http://www.google.com/finance?q=FLR
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=FLR#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=FLR+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=FLR
Finviz: http://finviz.com/quote.ashx?t=FLR
~ BusyStock: http://busystock.com/i.php?s=FLR&v=2


<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=FLR >>>>>>



http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.

Cobalt Technologies Signs Agreement With Fluor Corporation

Fluor (NYSE:FLR)

Cobalt Technologies, the leader in commercializing biobutanol as a renewable chemical and fuel, today announced it has signed an agreement with Fluor Corporation (NYSE: FLR), one of the world's largest publicly-owned engineering, procurement, construction, maintenance (EPCM) and project management companies. Under the agreement, Fluor will provide engineering consulting services as Cobalt gears up to commercialize its biobutanol production technology. Additionally, Fluor will offer a broad range of EPCM services for Cobalt's demonstration and commercial-scale butanol production plants.

"We are very pleased to have Fluor as our strategic partner to help us design the most efficient, lowest cost system for producing our biobutanol," said Rick Wilson, Ph.D., chief executive officer of Cobalt Technologies. "Fluor's experience in designing and executing large projects, particularly refining projects, is unmatched in the world. We originally asked Fluor to provide an impartial analysis of our biobutanol production technology. Now, to have them sign a strategic agreement with us, truly validates our vision."

By partnering with Fluor, Cobalt Technologies ensures that best-in-class design, procurement and construction principles are applied to the design and construction of its upcoming demonstration plant and to its commercial-scale plants.

"We have examined many different biofuels technologies, and are choosing to work with those companies that we believe have the greatest potential to be commercialized economically and to make a major impact on achievement of the nation's alternative fuels goals," said John Hopkins, group executive of business development at Fluor. "We believe Cobalt's technology has great potential and are looking forward to helping them scale up rapidly."

Cobalt's technology converts non-food feedstock, such as forest waste and mill residues, into biobutanol. Cobalt's continuous butanol production system is based on advancements in microbial strain selection, bioreactor design and process engineering, resulting in a highly productive, capital-efficient, low-cost solution. This engineering foundation ensures the production process is able to scale up quickly while maintaining capital efficiency. Cobalt's technology reduces lifecycle greenhouse gas emissions by up to 90% versus the production of gasoline.

The company recently demonstrated the conversion of beetle-killed lodgepole pine into a low-carbon, sustainable biofuel and chemical, which is currently being tested in engines by Colorado State University's renowned Engines and Energy Conversion Laboratory.

Cobalt is backed by leading investors in the cleantech sector, including Pinnacle Ventures, Vantage Point Venture Partners, Burrill and Company, Malaysian Life Sciences Capital Fund, Life Science Partners (LSP), @Ventures, and Harris & Harris.

About Cobalt Technologies

Cobalt Technologies replaces petrochemicals and petroleum with a highly profitable and renewable alternative – biobutanol. The company's technology and engineering platform offers a continuous process to efficiently convert diverse non-food feedstocks – beginning with waste wood – into biobutanol. Cobalt biobutanol is versatile and can be sold as is for use in paints, coatings and other chemical products; blended with gasoline, diesel and ethanol; or converted into bio-based plastics or full performance jet fuel and diesel. Engineered to achieve low costs through high productivity, energy efficiency and the use of low-cost feedstock, Cobalt is making biobutanol and its derivatives a cost effective substitute to petroleum-based materials. Cobalt is based in Mountain View, CA.

For further information, please visit www.cobalttech.com.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) designs, builds and maintains many of the world's most challenging and complex projects. Through its global network of offices on six continents, the company provides comprehensive capabilities and world-class expertise in the fields of engineering, procurement, construction, commissioning, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 200 company and had revenues of $22 billion in 2009.

For more information, visit www.fluor.com.

SOURCE Cobalt Technologies

Any idea of the number of employees left now? not 41000 after all the layoffs. Hopefully Greenville wont loose the big STP Nuke project, I heard the contract is suppose to get signed this month, with about a 20-30% chance they get it. could shed 500-750 jobs.

Fluor Corporation Winner of Project Management Institute's 2009 Project of the Year Award


Press Release
Source: Project Management Institute
On 7:21 am EDT, Monday October 12, 2009
Buzz up! 0 Print.ORLANDO, Fla.--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR - News), a company that designs, builds and maintains projects for governments and clients in diverse industries around the world, has been honored by Project Management Institute (PMI) as the winner of the Project of the Year Award for their engineering, procurement, construction and commissioning of Newmont Mining Corporation’s (NYSE: NEM - News) TS Power Plant (TSPP) near Dunphy, Nev. The award recognizes the accomplishments of a project and the involved project team for superior performance and execution of exemplary project management.

Commissioned and managed by Newmont Nevada Energy Enterprises, Ltd., a wholly owned subsidiary of Newmont Mining Corporation, the TSPP started commercial operations on May 1, 2008. This facility, one of the first in a line of new coal-fired power facilities going into commercial operation, has exceeded the planned performance guarantees resulting in significant fuel savings to Newmont that will be realized over the life of the facility. In addition, actual plant output exceeded the contractual output.

Newmont’s TSPP facility recycles a significant amount of water, thereby maximizing water utilization and minimizing waste. The facility also incorporates large evaporation ponds to allow it to be a zero liquid discharge plant. Moreover, during the entire tenure of the construction project, there were no environmental citations of any type.

Over the span of two years, more than three million safe hours were completed without a lost time accident. In recognition of outstanding safety and health efforts on the project, the TSPP was awarded a “Safe Partner Award” by the State of Nevada.

The project was completed two months ahead of schedule. POWER Magazine’s October 2008 issue featured the TS Power Plant on its cover, and selected it as one of the top five coal-powered power plants in the world in 2008.

“At Fluor, we feel that project management is one of our key differentiators and to be recognized by PMI and our peers for a second time in three years is a testament to the way our teams execute with excellence,” said Fluor Corporation’s Chairman and CEO Alan Boeckmann. “We are honored that our client, Newmont Mining, would think enough of our work to support our nomination for this prestigious award. This recognition is a tribute to hard work, dedication and innovation of the combined Newmont/Fluor team.”

“The TSPP team from Fluor, in partnership with Newmont’s project team, strived to achieve excellence through all facets of the project and demonstrated how a detailed project management methodology, combined with a passionate and engaged team, can help deliver a project promptly and efficiently,” said Gregory Balestrero, president and chief executive officer of PMI. “PMI commends Fluor and the project team for these outstanding results with the 2009 Project of the Year award.”

Newmont’s Executive Vice President for Discovery & Development, Guy Lansdown, said, “In addition to being one of the most environmentally responsible coal-based power plants in the nation, the TS Power Plant’s construction was a model for worker safety. Newmont’s contractors and employees should be proud of this signature achievement as it will help us achieve our mission to build a sustainable mining business that delivers top quartile shareholder returns while leading in safety, environmental stewardship and social responsibility.”

Project managers for the system upgrade incorporated concepts outlined in A Guide to the Project Management Body of Knowledge (PMBOK® Guide), the global standard for project management published by PMI. Mr. Boeckmann and the Fluor team were presented with the PMI Project of the Year Award on 10 October during the PMI Awards Ceremony at PMI® Global Congress 2009—North America in Orlando.

About Fluor Corporation

Fluor Corporation (NYSE: FLR - News) provides services on a global basis in the fields of engineering, procurement, construction, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 200 company and had revenues of $22.3 billion in 2008. For more information, visit www.fluor.com.

About Project Management Institute (PMI)

The world’s leading project management organization, PMI shares knowledge with nearly 500,000 members and credential holders in 185+ countries. Since its founding 40 years ago, PMI has impacted more than one million practitioners, businesses, governments, students and training organizations. Today, PMI’s products and services range from world-class standards for project, program and portfolio management to five professional credentials, including the gold standard Project Management Professional (PMP)®. PMI’s exclusive Global Corporate Council and European Corporate Networking Group engage large multinationals and government organizations in endorsing the value of project management. The only project management association with an established academic research program, PMI has invested more than US$14 million in support of dozens of research projects since 1997. Learn more at PMI.org.




Contact:
Project Management InstituteGlenn Boyet, + 1 610-356-4600 + 1 610-356-4600, ext. 1112Glenn.Boyet@PMI.orgorEdelmanKaycee Holmes, +1 214-443-7597 +1 214-443-7597Kaycee.Holmes@Edelman.com

Fluor Corp. Posts Record Financial Results for 2008
Fluor Corp. Thursday, February 26, 2009


Fluor Corporation has announced record financial results for its fiscal year ended December 31, 2008. Net earnings for 2008 rose 35 percent to a record $720 million, or $3.93 per diluted share, compared with $533 million, or $2.93 per diluted share in 2007. Consolidated operating profit for the year was $1.3 billion, up 61 percent from $802 million a year ago.

Full year results reflect very strong profit growth in all business segments, driven by a 34 percent increase in revenue and

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higher operating margins which improved from 4.8 percent to 5.8 percent in 2008. Full year net earnings also benefited from a lower tax rate. Revenue rose to a record $22.3 billion, up from $16.7 billion in 2007.

Full year new awards were a company record $25.1 billion, up from $22.6 billion a year ago, driven by increases in Oil & Gas and Industrial & Infrastructure. Year-end backlog was $33.2 billion, up 10 percent over the prior year. Backlog was down sequentially from the high mark of $36.5 billion at the end of the third quarter, due to several factors including an increase in the fourth quarter revenue burn rate, the impact of currency exchange on international project values, and the timing of certain new awards which closed earlier than expected, contributing to record bookings in the third quarter.

"2008 was without a doubt the strongest year in the company's history, with record-setting revenue, earnings and new awards," said Chairman and Chief Executive Officer Alan Boeckmann. "While the economic environment is creating uncertainty in a number of our markets, many of our key clients continue to invest in strategic long-term programs where Fluor excels. We remain optimistic that our substantial backlog and diversified business model will allow Fluor to deliver solid results in 2009."

Corporate G&A expense for the year increased to $229 million, from $194 million a year ago, mainly driven by an increase in compensation-related expenses and a $16 million provision for the impact of the company's decision to relocate its engineering operations in the United Kingdom. Fluor's cash and marketable securities were $2.1 billion at year-end versus $1.7 billion a year ago, and compared with $2.2 billion at the end of the third quarter.

Outlook

The global economic environment, including declining demand for commodities and tight credit markets, continues to create a level of uncertainty in many of Fluor's markets. While the company sees evidence of a slowdown in certain new capital investment programs, the impact to Fluor's backlog has been relatively minor. Based on a review of Fluor's sizable backlog, a relatively robust prospect list and actions to improve overhead leverage, the company is maintaining EPS guidance at the previously issued range of $3.90 to $4.20 per share.

Business Segments

Fluor's Oil & Gas segment reported operating profit of $724 million, which is a 67 percent increase from 2007. Revenue increased 55 percent to $12.9 billion, an increase of $4.6 billion over 2007. New awards for the segment totaled $15.1 billion, a 12 percent increase over last year, driven mainly by sizable downstream refining awards in the United States. Ending backlog rose to $21.4 billion, a 15 percent increase from $18.5 billion a year ago.

Fluor's Industrial & Infrastructure segment reported operating profit of $208 million, a substantial increase from $101 million in 2007. Results in 2008 included a pre-tax gain of $79 million from the sale of its joint venture interest in the Greater Gabbard Offshore Wind Farm project. Improved operating results in 2008 also reflect increased contributions from mining projects. Revenue of $3.5 billion was modestly higher than last year, reflecting higher contributions from the mining and manufacturing and life sciences business lines.

New awards totaled $5.0 billion, up 50 percent from $3.4 billion last year. Year-end backlog rose to $6.7 billion, an 11 percent increase over 2007. The Government segment posted operating profit of $52 million, up 78 percent from a year ago. Improved operating results reflect strong performance on current contracts, as well as improvements resulting from the shift away from fixed price contracts where the segment incurred charges in 2007. Revenue was flat with the prior year at $1.3 billion. New awards totaled $1.4 billion for the year, including the Savannah River contract and task orders under the LOGCAP IV contract, which brought backlog at year-end to $804 million.

Operating profit for the Global Services segment grew by 14 percent in 2008 to $229 million, and revenue rose 9 percent to $2.7 billion. Improved results were mainly driven by increased performance from the equipment services business line. Full year new awards of $2.1 billion were on par with orders received for operations and maintenance activities in 2007, bringing year-end backlog to $2.6 billion. Fluor's Power segment reported operating profit of $75 million, up 98 percent from $38 million in 2007.

Revenue rose by 64 percent to $1.9 billion, reflecting significant progress on the Oak Grove coal-fired generation project and on multiple plant betterment projects. New awards in 2008 totaled $1.3 billion, including contracts for new gas-fired generation and flue gas desulfurization units. Power segment backlog was $1.8 billion at year-end, down from $2.4 billion at the end of 2007 due to progress on the Oak Grove project.

Fourth Quarter Results

Net earnings for the fourth quarter were $190 million, or $1.04 per diluted share, compared with $259 million, or $1.41 per diluted share in 2007. The fourth quarter of 2008 benefited from a low tax rate, including a $12 million reduction for the capital loss resulting from the sale of the existing office facilities in the United Kingdom. The fourth quarter of 2007 included $123 million, or 68 cents per diluted share, from the final settlement of an Internal Revenue Service income tax audit for certain prior years. Operating profit for the fourth quarter of 2008 increased 30 percent to $323 million, up from $248 million a year ago. Increased fourth quarter operating results were primarily due to growth in the Oil & Gas segment.

Corporate G&A expenses in the quarter were $32 million higher than a year ago, driven mainly by higher compensation-related expenses and a $16 million provision for the impact of the company's decision to relocate its engineering operations in the United Kingdom. Revenue for the quarter rose 29 percent to $6.1 billion, compared with $4.7 billion a year ago, reflecting increases in the Oil & Gas, Power and Government segments. Fourth quarter new awards of $4.2 billion were 34 percent lower than the same quarter in 2007, reflecting lower bookings in Oil & Gas and Industrial & Infrastructure.

futrcash

Feb 5, 2009 15:58:00 (ET)


IRVING, Texas, Feb 05, 2009 (BUSINESS WIRE) -- Fluor Corporation's board of directors has declared a quarterly cash dividend of $0.125 per share on the company's common stock, payable April 2, 2009, to shareholders of record on March 6, 2009.

GL!

I just shorted the hell out of this stock.