L.B. Foster Secures $7M Subcontract For USACE Soo Locks Construction Project


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  • L.B. Foster Co (NASDAQ:FSTR) has been awarded a $7 million subcontract to supply infrastructure materials to rehabilitate existing upstream approach walls for a new lock at the U.S. Army Corps of Engineers (USACE) Soo Locks Complex in Sault Ste. Marie, Michigan.
  • The company is supplying approximately 5,750 tons of steel piling to construction firm Kokosing-Alberici, LLC.
  • L.B. Foster and major supply partner, Gerdau, managed the delivery of the piling beginning in spring 2021, with installation estimated to be completed in 2023.
  • Price action: FSTR shares are trading lower by 1.17% at $17.80 on the last check Tuesday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: NewsContractsBriefs