Foster Wheeler Wins PMC Contract for the 2Co Power Don Valley Power Project in the United Kingdom

Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has been awarded a project management consultancy contract by 2Co Power (Yorkshire) Limited (2Co) for the Don Valley Power Project in Stainforth, Yorkshire, UK.

The Foster Wheeler contract value for the project was not disclosed. An initial booking will be included in the company's fourth-quarter 2011 bookings. The company expects that it will be released to begin the work representing the majority of the balance of the contract value up to final investment decision in time to include that work in its first-and second-quarter 2012 bookings.