) announced that Fluor-ManTech Logistics Solutions, LLC. (FMLS), a
partnership of Fluor with technical services firm ManTech, has won
the U.S. Army's Enhanced Army Global Logistics Enterprise (EAGLE)
contract. The contract has been awarded by the U.S. Army
Sustainment Command. Financial terms of the deal were not
The company entered into a Basic Ordering Agreement in which
FMLS will be able to compete for future task order opportunities on
the EAGLE program. Through this progam the Army secures logistic
services. Expected value of this program over a period of five
years is about $23 million.
Fluor has been successfully delivering services for U.S. army
for a long time. FMLS also has sound expertise to deliver
maintenance, logistics and supply services for military
Presently, Fluor is working on U.S. military forward operating
bases in the northern region of Afghanistan under the LOGCAP IV
contract with the U.S. Army Sustainment Command. The company was
also awarded a contract to work in continental Africa earlier
during the year.
Fluor serves a diverse set of industries worldwide, including
oil and gas, chemical and petrochemicals, transportation, mining
and metals, power, life sciences and manufacturing. It is also a
primary service provider to the U.S. federal government. The
company's prime competitor is
Jacob's Engineering Group
We continue to maintain a Neutral rating on Fluor for the long
term. The company has a Zacks #2 Rank (Buy recommendation) over the
next one-to-three months.
FLUOR CORP-NEW (FLR): Free Stock Analysis
JACOBS ENGIN GR (JEC): Free Stock Analysis
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