Fluor corp. - Articles - Page 2 | Engineering News-Record

Financial Turmoil

Anticipating Possible Buyout Attempt, Fluor Announces Poison Pill

The company also cites the Covid-19 pandemic

Richard Korman

April 2, 2020

No Comments

Contractor outlines defensive measure against an unfriendly takeover bid.

Risk Management

SEC Starts Investigation of Fluor's Fixed-Price Work

Richard Korman

Debra K. Rubin

February 19, 2020

No Comments

Executive Chairman Alan Boeckmann told investors Feb. 18 the firm is reviewing project charges and also will not sell its government unit.

Fixing Construction's Fixed-Price Conundrum

November 20, 2019

As risks rise higher on fixed-price P3 and other projects for builders, financiers and owners, participants refine—and rethink—their delivery strategies.

Fluor Will Sell Equipment, Government Units to Raise Cash

Debra K. Rubin

September 25, 2019

No Comments

Airing results of in-depth corporate scrub, contractor execs add some detail on cost cuts and tougher bid scrutiny to restore profits in long term.

After Bottom-Line Hits, More Firms Exit Fixed-Price Work

Debra K. Rubin

Mary B. Powers

August 7, 2019

No Comments

Executives move to contain project losses, owners face cost-rise; job completion may become biggest risk, says infrastructure financier.

Power Plant Construction

Economics Finally Kill Bungled S.C. Nuclear Expansion Project

Scott Judy

August 9, 2017

2 Comments

The legal, political and economic effects of two South Carolina utilities’ decision to abandon construction of the V.C. Summer nuclear expansion project have barely begun.

Finance

Fluor Stumbles on Fixed-Price Power Projects

A second-quarter charge trims the earnings estimate for the year

Richard Korman

August 8, 2017

One Comment

The company says it parted ways with key employees in its power unit.

UK Cancels $7.7 Billion Nuclear Decommissioning Contract, Will Rebid Work

Disputed 2014 contract was subject of legal challenge

Peter Reina

March 28, 2017

No Comments

The U.K. Nuclear Decommissioning Authority will cancel a 14-year contract worth about $7.7 billion awarded in 2014 and pay over $122 million compensation to the U.S.-based consortium that failed to win the contract.