Aliso Viejo-based Fluor Corp. said it and a team of subcontractors won an $860 million contract from the U.K. Highways Agency to modernize England’s highway system with new telecommunications systems and gear.
The engineering and construction company’s portion of the 10.5-year contract, called the “National Roads Telecommunications Services” project, is $524 million and will be booked in the company’s third quarter, Fluor said Monday.
Fluor said its partially owned GeneSys Telecommunications Ltd. unit, which is run with HSBC Infrastructure Fund Management Ltd., and other subcontractors were named by the highway agency to design, build and finance telecommunications systems as well as upgrade and maintain existing roads in England.
Other subcontractors include Paris-based telecommunications gear maker Alcatel, Peek Traffic Corp., a unit of Chicago-based Quixote Corp., and U.K.-based Mott MacDonald Group Ltd.
The contract offers the potential for “extensive future business” for Fluor, said Patrick Flaherty, managing director for Fluor Ltd. in the U.K.
Shares of Fluor were up 44 cents to $61.05 on Monday.
