Fluor Wins Aramco Program Management Contract
(RTTNews) - Engineering firm Fluor Corp. (FLR) announced on Tuesday that it has been selected by Saudi Aramco as a Program Management Consultancy contractor under a long term agreement to support Aramco's global capital projects portfolio.
The agreement covers future opportunities for pre-FEED, FEED, engineering, project management, procurement oversight, construction management and program execution services across upstream, downstream, petrochemical and infrastructure projects.
Fluor has supported Aramco across facilities and infrastructure programs for more than 80 years in Saudi Arabia.
Fluor shares rose 0.38 percent to $51.66 after hours on NYSE, after ending Monday's regular session 4.06 percent higher.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.