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DynCorp International and Fluor Corporation Win Five-Year Contracts Worth Up to $7.5 Billion

DynCorp International, Inc. and Fluor Corporation have won five-year contracts worth up to $7.5 billion for each company in support of the U.S. troop build-up in Afghanistan, according to an Army official.  Falls Church, Virginia-based DynCorp International Inc. and Irving, Texas-based Fluor Corp. each won basic one-year contracts worth $1.5 billion with …

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EM’s Weekly Roundup: QinetiQ to Acquire MTEQ; Fluor, Lockheed Martin, CACI Win Huge Contracts; POC Hosting FY20 Budget and Procurement Forum on Oct. 16th & Weekly Top 10 Stories

QinetiQ announced on Wednesday that the company has entered into an agreement to acquire Manufacturing Techniques (MTEQ) on a cash-free, debt-free basis for $105 million to be paid in cash on completion. The transaction will more than double the size of QinetiQ’s U.S. operations.  “The acquisition of MTEQ is a …

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Michael Steuert to Rejoin Fluor as CFO

Michael Steuert, who served as senior vice president and chief financial officer of Fluor (NYSE: FLR) from 2001 to 2012, has been appointed to re-assume the CFO post effective June 1. He will succeed Bruce Stanski, who will remain with the company to help analyze its investments and joint ventures …

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Carlos Hernandez Confirmed as Fluor CEO

Carlos Hernandez, who was named interim CEO at Fluor (NYSE: FLR) on May 1, has been confirmed by the board of directors as full-time CEO of the company. Fluor said Thursday Hernandez will also join the company’s board of directors. “Carlos’ engineering and legal background, combined with his 12 years …

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Carlos Hernandez Named Fluor Interim CEO, Alan Boeckmann Becomes Exec Chairman

Carlos Hernandez, chief legal officer and corporate secretary of Fluor (NYSE: FLR) over the past 12 years, has taken a new role as interim CEO after David Seaton stepped down from the company’s helm. Fluor said Thursday that Seaton, who assumed the CEO post in February 2011 and added the title …

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Fluor to Build Army Weapons Storage, Maintenance Facility Under $146M Contract

Fluor (NYSE: FLR) has won a potential $145.7M firm-fixed-price contract to build a facility for the U.S. Army to store and maintain weapons systems. The Army Corps of Engineers received five bids for the project that is scheduled for completion by April 17, 2020, the Department of Defense said Friday. Work will …

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Fluor Taps IBM Watson AI, Analytics to Track Status of Infrastructure Projects

TYSONS CORNER, VA, September 17, 2018 — Fluor (NYSE: FLR) will deploy IBM‘s (NYSE: IBM) Watson artificial intelligence and analytic technologies to build real-time diagnostic tools that will work to monitor complex engineering, procurement and construction projects, ExecutiveBiz reported Friday. The EPC Project Health Diagnostics and Market Dynamics/Spend Analytics systems will …

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Fluor Repairs 4 Priority Lines Under USACE-FEMA Power Restoration Effort in Puerto Rico

TYSONS CORNER, VA, Dec. 29, 2017 — Fluor (NYSE: FLR) has completed repairs on priority power lines near San Juan and Caguas in Puerto Rico as part of its task under a potential $240 million power restoration project with the U.S. Army Corps of Engineers, ExecutiveBiz reported Thursday. The company …

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Army Picks Fluor for Potential $831M Puerto Rico Power Contract

Fluor‘s (NYSE: FLR) enterprises business unit has won a potential $831 million contract from the U.S. Army to build structures necessary to restore power in Puerto Rico. The Army Corps of Engineers solicited nine bids for the time-and-materials contract and subsequently received two responses, the Defense Department said Friday. USACE obligated …

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Fluor Helping Restore Power in Eastern Puerto Rico Under USACE Contract

TYSONS CORNER, VA, Nov. 20, 2017 — Fluor (NYSE: FLR) has completed a project with the U.S. Army Corps of Engineers on the construction of a power line in Puerto Rico in efforts to restore electricity in the U.S. territory following Hurricane Maria, ExecutiveBiz reported Friday. The company said Thursday the …

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