Skip to main content
The Markets by Proactive
Go to Proactive UK
Proactive UK has moved. Proactive’s coverage of London’s small caps continues on proactiveinvestors.com Go there →
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Manufacturing & engineering

Wood Group takeover target Amec Foster Wheeler awarded a US$950mln contract from US Air Force Civil Engineer Center

The group said the five-year contract to sustain and improve Air Force and other US Department of Defense installations worldwide has an aggregate maximum value of US$950mln for the multiple awardees and is estimated to reach completion by

Amec Foster Wheeler PLC (LON:AMFW), the engineering contractor which this week agreed a £2.2bn takeover bid from John Wood Group PLC (LON:WG.), has been awarded a near US$1bn contract by the US Air Force Civil Engineer Center (AFCEC).

The group said the five-year contract to sustain and improve Air Force and other US Department of Defense installations worldwide has an aggregate maximum value of US$950mln for the multiple awardees and is estimated to reach completion by 2022.

The firm said the Worldwide Engineering and Construction contract places Amec Foster Wheeler in a prime position with the US Air Force for installations work.

Ann Massey, president of Amec Foster Wheeler's Environment & Infrastructure business, said: "We are honoured to receive this contract which is a testament to our proud history of successfully delivering on AFCEC projects for more than 25 years and builds upon our strategy to increase our work with the DOD.”

Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK