Fluor (FLR) Delivers 95 Express Lanes Project Before Time - Analyst Blog

Continuing with its track record of prompt project completions, Fluor Corporation (FLR) stated the accomplishment of the 95 Express Lanes project in Northern Virginia. Encouragingly, the company finished this private-public partnership project ahead of its specified schedule.

The 95 Express Lanes, which has significantly changed the I-95 corridor, is located along the Interstate 95. The company completed this project in 29 months through its Fluor-Lane 95, LLC, joint venture and provided around 12,600 jobs in Virginia. Additionally, during the span of construction, Fluor attained over 3.8 million safe work hours and maintained an OSHA recordable rate of 0.41. This is significantly below the industry average of 3.6 and led to this being one of the safest projects in U.S. history.

As a matter of fact, 95 Express Lanes is the counterpart of the company's 495 Express Lanes project, which was completed in 2012 in Northern Virginia. We believe, with the completion of the two projects in Northern Virginia in a seven year span, Fluor has largely provided the connectivity solutions and contributed towards traffic congestion relief for commuters.

Signifying such proficiency in project completions, earlier this month, Fluor declared the delivery of the first four train cars for the Regional Transportation District's (RTD) commuter rail network in Denver, CO. Also, recently, the company's joint venture with Empresas ICA, S.A.B. de C.V. (ICA) got a contract for building the delayed coker unit in Mexico.

Fluor currently has a Zacks Rank #3 (Hold). Better-ranked stocks worth considering in the sector include Willdan Group, Inc. (WLDN) and AECOM Technology Corp. (ACM). Both stocks sport a Zacks Rank #1 (Strong Buy).