1 Jul 2015 05:20
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Tue, 02nd Feb 2016 07:49
(ShareCast News) - Amec Foster Wheeler has been awarded a seven-year contract by the US Air Force.The oil and gas engineering firm said it has won a prime contractor position on the Air Force Civil Engineer Center (AFCEC) Architect-Engineering 2013 services contract starting September 2015.The contract, estimated to reach completion by 2022, has an aggregate maximum value of $950m (£660m) for the multiple awardees.Group president Simon Naylor said: "We are honoured to be selected for this AFCEC contract and look forward to building upon our 25+ years of support for the US Air Force across the globe."This award is a pivotal part of our strategy to continue our growth through the delivery of design engineering and construction services."
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23 Jun 2015 16:32
Sector movers: Engineering, oilfield service companies keep London market in the green
Industrial engineering and oilfield services stocks kept the London market in positive territory on Tuesday as fears of Greece defaulting on its debt appeared to be receding. At 1545 BST, the blue chip FTSE 100 was trading up 0.34% or 23.22 points at 6,848.890 as the headline Markit/HSBC Chinese man
Read more3 Jun 2015 14:04
Deutsche Bank cuts Amec Foster Wheeler price target; margin risks drive caution
Deutsche Bank cut its target on Amec Foster Wheeler to 815p from 830p, noting that its trading update on Tuesday was weak, highlighting further pressure on the top line and margins. "Despite a diversified structure and ability to lean on cost savings Amec Foster Wheeler is not immune to end-market w
Read more3 Jun 2015 08:41
Wednesday broker round-up
Tesco: JP Morgan retains underweight, lowers price target to 175p from 185p. Amec Foster Wheeler: JP Morgan maintains overweight and 905p target. Bellway: JP Morgan raises target to 2,575p from 1,150p and reiterates overweight. Barratt Developments: JP Morgan lifts target to 650p from 550p and ove
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