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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

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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.”