19 Nov 2015 09:36
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Don't have an account? Click here to register.Amec selected as supplier for US Air Force in overseas deployments
Wed, 26th Aug 2015 07:46
(ShareCast News) - Amec Foster Wheeler´s joint-venture with Fluor, Fluor-AMEC II, LLC, has been selected by the US Air Force as one of eight possible suppliers of support and logistical services under its Contract Augmentation Program IV (AFCAP IV) for six years starting 1 October 2015.That means it is now eligible to bid for work of up to a value of $5bn across the life of the contract period, Amec Foster Wheeler said in a statement.AFCAP was created to allow the US Air Force to quickly ramp up its presence during contingency events overseas.Simon Naylor, Group President, Americas, Amec Foster Wheeler said: "We are honoured to be selected for AFCAP IV and look forward to building upon our 20+ years of support for the U.S. Air Force in meeting its demanding global mission. This award is a pivotal part of our strategy to grow and diversify our services."Under AFCAP the firm has in the past provided the US Air Force with contractors who have assisted it with military construction and a range of services including in areas such as environment, energy, facilities, logistics, transportation, and contingency operations sites.In the past, Amec Foster Wheeler has provided the US government with mission support services including in Afghanistan and Iraq.
More News
6 Nov 2015 13:47
FTSE 250 movers: Tullett Prebon and ICAP acquisition talks boost market
(ShareCast News) - The FTSE 250 is on track to finish the week on a high, with the market up 99.55 points (0.58%) mid-afternoon Friday to 17,216.68 points. Tullett Prebon and ICAP were the biggest risers on the back of confirmation that Tullett Prebon is in discussions regarding the possible acquisi
Read more6 Nov 2015 12:00
Citi, UBS downgrade Amec but SocGen keeps at 'buy' after share price slump
(ShareCast News) - Amec Foster Wheeler shares were under pressure again on Friday, having suffered heavy losses in the previous session when the oil and gas engineering services company said it was cutting its dividend by half amid tough market conditions. Citigroup downgraded the stock to 'neutral'
Read more6 Nov 2015 11:43
Friday newspaper share tips: Sell as Amec Foster Wheeler faces more pain
(ShareCast News) - Traders should sell shares in Amec Foster Wheeler as the company prepares for the long haul, according to The Telegraph's Questor. The oil and gas engineering services company announced on Thursday it was cutting its dividend by half and lifting its cost-savings target from £120m
Read more6 Nov 2015 11:14
Friday broker round-up
(ShareCast News) - Weir Group: Citigroup downgrades to neutral. Target price: 1200.00p Amec Foster Wheeler: UBS downgrades to neutral, cuts target price to 600.00p. Citigroup downgrades to neutral. JP Morgan Cazenove reiterates to overweight, reduces target price to 739.00p Rsa Insurance Group:
Read more5 Nov 2015 16:36
London close: Copper prices weigh on Footsie despite dovish MPC
(ShareCast News) - Equities ended near their worst levels of the day despite a dovish set of minutes from the Bank of England's last Monetary Policy Committee meeting, weighed down by a further drop in commodity prices. Following its meeting, the MPC said there were downside risks to growth
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