Construction & Engineering

KBR (NYSE: KBR) today announced that its Building Group has been awarded the second phase of a multi-phase expansion at DuPont's Chestnut Run Plaza, the company's suburban campus in Wilmington, Del. Designed to support up to 800 employees, Building 735 will consist of four levels of office space...

KBR (NYSE: KBR) today announced it was awarded a contract by LG Chem Ltd. (LG) to license KBR's leading phenol technology for LG's 240 thousand metric tons per year (KTA) phenol plant in Daesan, South Korea. The Daesan plant will be the second license by LG for KBR's phenol technology. The first...

Fluor Corporation (NYSE: FLR) announced today that it has been awarded a contract by Chevron Neftegaz—one of three project managers engaged by the Caspian Pipeline Consortium—for its recently announced expansion project. Fluor will provide project services for the marine terminal and supervisory...

EMCOR Group, Inc. (NYSE: EME) announced that, as previously reported during its July, Second Quarter 2011 Earnings Call, its EMCOR Hyre Electric subsidiary has been awarded a contract to upgrade the electrical systems for ArcelorMittal S.A. Indiana Harbor's facility, located in East Chicago,...

AECOM Technology Corporation (NYSE: ACM) announced today that TEC-AECOM Pacific, a joint venture in which it participates with TEC Inc., has been awarded an indefinite delivery/indefinite quantity contract, worth up to US$50 million, from the U.S. Naval Facilities Engineering Command Pacific, Pearl...

Fluor Corporation (NYSE: FLR) announced today that the company has been awarded an engineering, procurement and construction contract by SAPCo, a joint venture company being formulated between Saudi Acrylic Acid Company and Evonik Industries, for its Super Absorbent Polymer Project in Jubail, Saudi...

AECOM Technology Corp. (NYSE: ACM) announced today that its Board of Directors has authorized the repurchase of up to $200 million of its common stock. In connection with the authorization of the repurchase program, AECOM has entered into an accelerated share repurchase agreement with Bank of...

Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it has been awarded a framework contract from E.ON UK (E. ON) to provide engineering services and construction management support as part of its ongoing plant life extension program at the 2000 megawatt Coal Fired Ratcliffe-on-Soar...

AECOM Technology Corporation (NYSE: ACM) announced today that a joint venture in which it participates with Parsons has been awarded a US$150-million program-management contract by the San Francisco Public Utilities Commission. Under the contract, the joint venture will provide program management...

Chicago Bridge & Iron (NYSE: CBI) announced that it has been awarded, through its joint venture with Chiyoda Corporation and Saipem S.p.A., the Preparation and Supply of the Project Specification contract for the Arrow LNG Plant Project in Australia. Arrow Energy Pty Ltd., the project operator...

Insituform Technologies, Inc. (Nasdaq: INSU) announced today that it has been awarded two contracts with a combined value of approximately $9.9 million to rehabilitate nearly 7,000 feet of pipeline for the City and County of Honolulu, Hawaii. Since the 1980s, Insituform has installed over 300,000...

Credit Suisse is upgrading shares of Edison International (NYSE: EIX) to Outperform and it has a $41 price target on shares. In a note to clients, Credit Suisse writes, "Our take. We think EIX's share price fails to reasonably value the Southern California Edison (SCE) utility let alone any option...

Michael Baker Engineering, Inc., a unit of Michael Baker Corporation (NYSE: BKR) announces the following appointments: Dale Spaulding, P.E., has joined Baker as president. He will be responsible for the full provision of Baker design, inspection and construction management services for the state...

Goldman Sachs reiterated its Neutral rating on URS (NYSE: URS). At the same time, the rating agency left its price target on the company's stock unchanged at $35. On Wednesday, URS lost 9.3% of its value to finish the day at $31.70.

Goldman Sachs has lowered the price target on URS Corporaiton (NYSE: URS) from $45 to $35 and maintains its Neutral rating.