Fluor Gets Contract Extension From Netherlands' Delamine
Stork — a unit of Fluor Corporation’s FLR Diversified Services business — has received a maintenance contract from Delamine B.V in the Netherlands. This five-year maintenance contract will commence from Jul 1, 2020 and Fluor will book the undisclosed contract value in second-quarter 2020.Since 2006, Stork has been supporting Delamine’s production facilities. "It strengthens our continuity and offers a foundation to pursue many inspiring new energy and other innovative industrial initiatives in the northern region of the Netherlands.”New Awards to Revive Fluor’s Diversified ServicesFluor’s Diversified Services segment, which accounts for more than 13% of total revenues, is set to benefit from contract wins. Over the last few quarters, major contract wins have allowed Fluor to expand long-term recurring revenue opportunities.Zacks RankFluor — which shares space with Gates Industrial Corporation plc GTES, Quanta Services, Inc. PWR and AECOM ACM in the same industry — currently carries a Zacks Rank #5 (Strong Sell).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Zacks’ Single Best Pick to DoubleFrom thousands of stocks, 5 Zacks experts each picked their favorite to gain +100% or more in months to come.