TITLE

Fluor Takes Hit on Embassy Jobs

PUB. DATE
November 2006
SOURCE
ENR: Engineering News-Record;11/13/2006, Vol. 257 Issue 19, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports on the corporate profit posted by Fluor Corp. in the third quarter of 2006. The company said Nov. 6 that its net earnings for the third quarter of 2006 dropped to $27 million from $131 million last year, due in large part to cost overruns on a series of U.S. embassy projects. Fluor recorded losses of $133 million on U.S. embassy projects, primarily in Haiti, Kazakhstan and Jamaica, as well as $13 million on a construction project at the Bagram Air Force Base in Afghanistan.
ACCESSION #
23194987

 

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