Fluor (FLR) expects to post a Q4 charge of ~$400M following an adverse arbitration decision...


Fluor (FLR) expects to post a Q4 charge of ~$400M following an adverse arbitration decision related to efforts to recover some costs tied to the $1.8B Greater Gabbard Offshore Wind Farm Project. FLR had been aiming to recover compensation for expenses stemming from delays, disruptions and productivity issues it says were attributable to the client and third parties. FLR -1.5% premarket.

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