Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

FLUOR CORPORATION

(FLR)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Fluor : Joint Venture Breaks Ground on Chicago Transit Authority Red Line Stations and Tracks

06/02/2021 | 05:33pm EDT

Fluor Corporation (NYSE: FLR) announced today that its joint venture with Walsh Construction Company broke ground on station house and track structure reconstruction for the Chicago Transit Authority’s (CTA) Lawrence to Bryn Mawr Modernization Project, part of the $2.1 billion Red and Purple Modernization Program (RPM), the largest capital project in CTA’s history.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210602006081/en/

Fluor joint venture breaks ground on Chicago Transit Authority Red Line stations and tracks. This is an artist rendering of the Argyle Underpass Auxiliary Station. (Photo: Business Wire)

Fluor joint venture breaks ground on Chicago Transit Authority Red Line stations and tracks. This is an artist rendering of the Argyle Underpass Auxiliary Station. (Photo: Business Wire)

“CTA is leading the country in infrastructure investment,” said Terry Towle, group president of Fluor’s Urban Solutions business. “It is ambitious programs like this one that will allow cities and businesses to thrive in an urbanized world. Fluor’s contribution to CTA’s modernization project will improve mobility for millions of people for decades to come.”

The modernization of Lawrence, Argyle, Berwyn and Bryn Mawr, as part of the overall RPM project, will rebuild tracks and support structures along a 1.3-mile section of track, and replace 11 bridges through two Chicago neighborhoods. The majority of new structures will be built at track level to minimize the impacts to streets and free the space underneath the viaducts. Fluor will use precast concrete segments manufactured off site—a method used to minimize disruption to the community—in order to support and elevate the structures.

In addition to the station house and track structure work, a complete modernization of the track signal system will improve ride times and service reliability. The new tracks will provide a smoother, quieter and quicker ride for CTA customers resulting in a better and more efficient transit system for the city of Chicago.

Four 100-year-old stations at Lawrence, Argyle, Berwyn and Bryn Mawr will also be demolished and reconstructed as part of the first major phase of RPM. The new modern stations will be larger and fully accessible with elevator and escalator access, wider platforms and improved lighting.

Pre-construction work began in 2019. Lawrence to Bryn Mawr modernization work is scheduled to be completed in 2024. RPM’s first phase is scheduled to be completed in 2025.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is building a better world by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s 44,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $14.2 billion in 2020 and is ranked 196 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has been providing engineering, procurement and construction services for more than 100 years. For more information, please visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook and YouTube.

#infra


ę Business Wire 2021
All news about FLUOR CORPORATION
08/02FLUOR : Selected for Phase 2 of Interstate 35E Expansion Project in Dallas
BU
08/02FLUOR : Secures Position in SeaPort Next Generation Contract From US Navy
MT
08/02FLUOR : Selected for SeaPort Next Generation Multiple-Award Contract
BU
07/22FLUOR : Citigroup Adjusts Fluor's Price Target to $20 From $23, Maintains Neutra..
MT
07/20FLUOR : Says Khoemacau's Copper-Silver Project Achieves First Concentrate Produc..
MT
07/20FLUOR : Achieves First Concentrate Production Milestone on Khoemacau's Copper Si..
BU
07/07FLUOR CORPORATION : to Hold Second Quarter Earnings Conference Call
BU
07/02FLUOR : Balfour Beatty Launch Oak Hill Parkway Infrastructure Project in Texas
MT
07/01FLUOR : Breaks Ground on Oak Hill Parkway Infrastructure Project in Austin, Texa..
BU
06/29FLUOR : Initiates $1 Million Program for Three Historically Black Colleges and U..
BU
More news
Financials (USD)
Sales 2021 13 394 M - -
Net income 2021 -6,03 M - -
Net cash 2021 278 M - -
P/E ratio 2021 1 835x
Yield 2021 0,39%
Capitalization 2 326 M 2 326 M -
EV / Sales 2021 0,15x
EV / Sales 2022 0,13x
Nbr of Employees 43 717
Free-Float 98,2%
Chart FLUOR CORPORATION
Duration : Period :
Fluor Corporation Technical Analysis Chart | FLR | US3434121022 | MarketScreener
Technical analysis trends FLUOR CORPORATION
Short TermMid-TermLong Term
TrendsNeutralBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 9
Last Close Price 16,46 $
Average target price 21,57 $
Spread / Average Target 31,1%
EPS Revisions
Managers and Directors
David Edward Constable Chief Executive Officer & Director
Joseph L. Brennan Chief Financial Officer & Executive Vice President
Alan Lee Boeckmann Executive Chairman
Robert C. Taylor Chief Information Officer & Senior Vice President
Rosemary T. Berkery Independent Director
Sector and Competitors