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

L.B. Foster Co 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.

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