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Goldman Downs GVA To Sell
Tuesday, March 29, 2011 - 6:39am | 40Analysts at Goldman downgrade Granite Construction Inc (NYSE: GVA) from “neutral” to “sell.” GVA shares lost 1.59% to close at $28.45 yesterday. More Analyst Ratings here
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KBR Receives LogCAP III Award Fee of $15.5M
Monday, March 28, 2011 - 8:36am | 41KBR (NYSE: KBR) announced today that it received a $15.5 million award fee related to its LogCAP III work in Iraq for the six month period of performance beginning March 2010 and ending in August 2010.
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Foster Wheeler Awarded Contract for New Terrace Wall Steam Reformer
Monday, March 28, 2011 - 8:22am | 69Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by JSC Novo-Ufimsky Refinery, a subsidiary of Russian oil company Bashneft, for the engineering and material supply of a new Terrace WallTM steam reformer...
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Sterling Construction Company is Apparent Low Bidder on $33M Design-Build Project
Wednesday, March 23, 2011 - 1:23pm | 50Sterling Construction Company, Inc. (Nasdaq: STRL) today announced that its Utah-based subsidiary, Ralph L. Wadsworth Construction Company, LLC was selected by the Utah Department of Transportation as low bidder on a $33 million design-build construction project located in southwest Salt Lake...
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URS Awarded FEMA Technical and Research Services Contract Valued up to $35M
Wednesday, March 23, 2011 - 8:33am | 75URS Corporation (NYSE: URS) today announced that it has been awarded a contract by the Federal Emergency Management Agency (FEMA) to provide technical and research services to the agency's Federal Insurance and Mitigation Administration's Risk Reduction Division. The contract has a one-year...
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Jefferies Reports NWPX 4Q Loss
Wednesday, March 23, 2011 - 8:20am | 89Jefferies has reported a fourth quarter loss of $0.19 for Northwest Pipe (NASDAQ: NWPX). Jefferies writes, "4Q's results were very weak owing to volume and pricing weakness in WT. But these sales may be stabilizing. Meanwhile, TP results were strong on the back of capital spending in the energy...
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Why Opportunties Don't Appear Until After the Fact (MTZ, DTV, T)
Tuesday, March 22, 2011 - 4:40pm | 978The construction industry suffered a massive downturn during the latest recession. Part of this huge industry, housing, remains depressed. Recent numbers from February suggest sales of previously owned homes fell by 9.6 percent - not exactly encouraging numbers for...
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Why Opportunties Don't Appear Until After the Fact (MTZ, DTV, T)
Tuesday, March 22, 2011 - 4:40pm | 978The construction industry suffered a massive downturn during the latest recession. Part of this huge industry, housing, remains depressed. Recent numbers from February suggest sales of previously owned homes fell by 9.6 percent - not exactly encouraging numbers for...
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Layne Christensen Company Acquires Wildcat Civil Services
Tuesday, March 22, 2011 - 3:15pm | 72Layne Christensen Company (Nasdaq: LAYN) today announced the recent acquisition on February 28, 2011 of Wildcat Civil Services, a cured-in-place rehabilitation company based in Kiowa, Colorado. Wildcat provides pipeline rehabilitation services to clients along the Rocky Mountain front range and...
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Foster Wheeler Awarded Detail Design Contract for Pipeline Project
Tuesday, March 22, 2011 - 8:16am | 95Foster Wheeler AG, (Nasdaq: FWLT) announced today that its Global Engineering and Construction Group has been awarded a detail design contract by Enbridge Offshore Facilities, LLC for the deepwater Walker Ridge Gathering System export gas pipelines and the deepwater Big Foot export oil pipeline...
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Jacobs Receives Contract from United Utilities; Valued at $2.5M to 3M
Tuesday, March 22, 2011 - 7:48am | 91Jacobs Receives Contract from United Utilities; Valued at $2.5M to 3M Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it was awarded a four year contract from United Utilities, one of the United Kingdom's largest water companies, for the provision of AMP5 topographical and utility...
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Jacobs Receives Contract Extension for RTD FasTracks Program
Tuesday, March 22, 2011 - 7:47am | 103Jacobs Receives Contract Extension for RTD FasTracks Program Jacobs Engineering Group Inc. (NYSE: JEC) announced today that the Denver, Colo. Regional Transportation District (RTD) Board of Directors approved the budget for Jacobs' continued services as the FasTracks' Program Support Services...
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CB&I Awarded Feed Contract for Yamal LNG Liquefaction Plant
Monday, March 21, 2011 - 9:08am | 59Chicago Bridge & Iron Company N.V. (NYSE: CBI) announced today that the company has been selected by Yamal LNG LLC to provide front end engineering & design (FEED) services for the Yamal LNG project. The work is scheduled for completion in the first quarter of 2012.
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AECOM JV Wins Contract Worth up to $1.66B
Monday, March 21, 2011 - 7:24am | 84AECOM Technology Corporation (NYSE: ACM) announced today that Forfeiture Support Associates, LLC, a joint venture with L-3 MPRI, has been awarded a contract to provide professional, financial and legal support to the Department of Justice's Asset Forfeiture Program. Valid through March 2018, the...
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NWPX 4Q Prelim Results "Look Very Weak," Jefferies Reports
Friday, March 18, 2011 - 8:43am | 152Jefferies is not impressed with Northwest Pipe's (NASDAQ: NWPX) preliminary 4Q results, saying, “Through a 12b-25 filing last evening, NWPX reported preliminary 2010 sales of approximately $380M and a loss of approximately $1.5M. This implies 4Q10 sales of $91M, up 40% YOY. This is lower than our...