Fluor (NYSE: FLR) Awarded DOE Contract

Written By Jason Stutman

Posted September 20, 2013

Fluor Corporation (NYSE: FLR) Awarded DOE Contract

The U.S. Department of Energy has awarded Fluor Corporation (NYSE: FLR) a contract for the operation and management of the Strategic Petroleum Reserve, the world’s largest supply of emergency crude oil. The contract has an initial term of five years with an extension option of five more. The total value of the contract is approximately $697 million. Fluor has maintained a consistent quarterly revenue of about $7.1 billion for the past four quarters. Spread over five years, this contract will have minimal effect on top and bottom lines.

5 Signals Every Investors Must Know

When analyzing individual securities, you should always make sure to look at the fundamentals first. That means making sure you understand a company’s business model, as well as their financial status. But when it actually comes time to buy and sell, technical indicators will be the tools that maximize your profits and minimize losses. Traders use many different systems based off these indicators, and some work better than others. If you’re interested in learning more about these crucial trading indicators, click here. 

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