Foster Wheeler Environmental Wins $125 Million Contract With Navy.Business/Environmental Editors CLINTON, N.J.--(BUSINESS WIRE)--April 4, 2000 Foster Wheeler Corporation Foster-Wheeler (FWLT) is a global conglomerate with a focus on Engineering, Construction and Procurement (EPC) and power, which form two different groups of the company. The company was formed in 1927 by the merger of a power company (created by the Foster family) with Wheeler (NYSE NYSE See: New York Stock Exchange :FWC FWC Fish and Wildlife Conservation Commission (Florida) FWC Foster Wheeler Corporation (Clinton, NJ) FWC Family Winemakers of California FWC Fresh Water Cooling FWC Flight Warning Computer ) announced today Foster Wheeler Environmental Corporation has been awarded a $125 million, 5-year Remedial Action Contract (RAC See remote access concentrator. ) by the Naval Facilities Engineering Command, Northern Division. This contract follows an existing RAC that the company has been working under for the last five years. Under this new RAC, Foster Wheeler Environmental will continue to provide a full range of remedial and construction services. These include remedial and removal actions, including response actions performed on an expedited and emergency basis; pilot and treatability studies; facility operations, maintenance and instruction; and other related activities associated with site restoration. The work will be predominantly located at Navy, Marine Corps installations and other government agency facilities located within the Northern Division's area of responsibility, which covers the states of Pennsylvania, Delaware, New Jersey Delaware, New Jersey could refer to:
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Connecticut, Rhode Island, Massachusetts, New Hampshire, Vermont, and Maine, as well as other locations required by the government. "We are very excited to be awarded this contract," said Sam Box, Foster Wheeler Environmental Corporation's chairman, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "There is a special significance associated with an existing client selecting us for a follow-on contract in that it underscores the success of our approach to client service." Notes to Editors: 1. Foster Wheeler Environmental Corporation, a wholly owned subsidiary of Foster Wheeler Corporation, is an international environmental consulting, engineering, and construction firm employing over 1800 experts in a comprehensive range of environmental sciences and engineering disciplines. 2. Foster Wheeler Corporation is a global company offering, through its subsidiaries, a broad range of design, engineering, construction, manufacturing, project development, and management, research, plant operations, and environmental services. The Corporation's headquarters are at Clinton, N.J. For more information about Foster Wheeler, visit our World Wide Web site at www.fwc.com. |
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