19 Nov 2015 09:36
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Don't have an account? Click here to register.Amec Foster Wheeler wins US Air Force contract
Tue, 02nd Feb 2016 07:49
(ShareCast News) - Amec Foster Wheeler has been awarded a seven-year contract by the US Air Force.The oil and gas engineering firm said it has won a prime contractor position on the Air Force Civil Engineer Center (AFCEC) Architect-Engineering 2013 services contract starting September 2015.The contract, estimated to reach completion by 2022, has an aggregate maximum value of $950m (£660m) for the multiple awardees.Group president Simon Naylor said: "We are honoured to be selected for this AFCEC contract and look forward to building upon our 25+ years of support for the US Air Force across the globe."This award is a pivotal part of our strategy to continue our growth through the delivery of design engineering and construction services."
More News
6 Nov 2015 13:47
FTSE 250 movers: Tullett Prebon and ICAP acquisition talks boost market
(ShareCast News) - The FTSE 250 is on track to finish the week on a high, with the market up 99.55 points (0.58%) mid-afternoon Friday to 17,216.68 points. Tullett Prebon and ICAP were the biggest risers on the back of confirmation that Tullett Prebon is in discussions regarding the possible acquisi
Read more6 Nov 2015 12:00
Citi, UBS downgrade Amec but SocGen keeps at 'buy' after share price slump
(ShareCast News) - Amec Foster Wheeler shares were under pressure again on Friday, having suffered heavy losses in the previous session when the oil and gas engineering services company said it was cutting its dividend by half amid tough market conditions. Citigroup downgraded the stock to 'neutral'
Read more6 Nov 2015 11:43
Friday newspaper share tips: Sell as Amec Foster Wheeler faces more pain
(ShareCast News) - Traders should sell shares in Amec Foster Wheeler as the company prepares for the long haul, according to The Telegraph's Questor. The oil and gas engineering services company announced on Thursday it was cutting its dividend by half and lifting its cost-savings target from £120m
Read more6 Nov 2015 11:14
Friday broker round-up
(ShareCast News) - Weir Group: Citigroup downgrades to neutral. Target price: 1200.00p Amec Foster Wheeler: UBS downgrades to neutral, cuts target price to 600.00p. Citigroup downgrades to neutral. JP Morgan Cazenove reiterates to overweight, reduces target price to 739.00p Rsa Insurance Group:
Read more5 Nov 2015 16:36
London close: Copper prices weigh on Footsie despite dovish MPC
(ShareCast News) - Equities ended near their worst levels of the day despite a dovish set of minutes from the Bank of England's last Monetary Policy Committee meeting, weighed down by a further drop in commodity prices. Following its meeting, the MPC said there were downside risks to growth
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