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Saudi Arabia Contracts

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June 28, 1990 | JOHN O'DELL, TIMES STAFF WRITER
Fluor Daniel, the engineering and construction arm of Fluor Corp., Wednesday landed what appears to be the largest contract in Fluor's 78-year history--estimated by sources to be worth $6 billion--to oversee expansion of petroleum facilities for Saudi Arabia. Fluor Chief Executive Les McCraw called the pact "prospectively, the most significant project we've had in over a decade."
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BUSINESS
August 13, 2001 | From Bloomberg News
Sweden's Ericsson, the biggest maker of mobile phone networks, said Sunday it won a contract worth as much as $800 million to more than double Saudi Arabia's cellular phone system and make it the largest in the Middle East. Ericsson, based in Stockholm, will install all the core equipment and part of the radio network to cover eastern and central Saudi Arabia, and its second-largest city, Jeddah, in the west, said James Borup, spokesman for the mobile phone division.
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BUSINESS
July 3, 1995 | RALPH VARTABEDIAN, TIMES STAFF WRITER
The Internal Revenue Service is investigating whether Litton Industries made millions of dollars in improper payments to a leading member of the Saudi royal family and whether the firm improperly claimed tax write-offs on the alleged payments, The Times has learned. The IRS inquiry is focusing on a massive $1.
BUSINESS
February 19, 2001 | Bloomberg News
Exxon Mobil Corp., BP Amoco, Royal Dutch/Shell Group, TotalFinaElf and other oil companies may sign multibillion-dollar gas projects with Saudi Arabia as early as April, the country's foreign minister said.
BUSINESS
April 11, 1995 | JAMES F. PELTZ, TIMES STAFF WRITER
Douglas Aircraft Co. confirmed Monday that it will soon start laying off workers at its Long Beach plant because it has yet to receive a long-awaited jetliner order from Saudi Arabia. Sources said the cutback could involve several hundred employees. Douglas, which had expected to sell the Saudis its wide-body MD-11 and its smaller MD-80 and MD-90 jetliners, said it does not yet know how many employees will be let go, and company spokesman John Thom declined to speculate on a figure.
BUSINESS
February 1, 1994 | From Times Staff and Wire Reports
Saudis to Restructure Arms Payments: Saudi Arabia has signed an agreement under which the cash-strapped nation will restructure $9.2 billion in payments due over the next two years to five American defense contractors, U.S. defense officials said. The deal could also clear the way for a reported plan by the Saudis to buy $6 billion in commercial airliners.
BUSINESS
August 3, 1993
The Saudi Arabian government has awarded Hughes Aircraft Co. what company officials would only describe as "a multimillion-dollar" contract to upgrade the air traffic control system for the area surrounding the western coastal city of Jidda on the Red Sea--which separates Saudi Arabia from Egypt. Hughes' Fullerton operations will supply computer equipment and software for the project, which is scheduled to be completed late next year.
BUSINESS
May 31, 1991 | From a Times Staff Writer
Engineering-construction giant Fluor Corp. said Thursday that it has won a $250-million contract to manage construction of a gasoline additive plant for National Methanol Co. in Saudi Arabia. Fluor Daniel, Fluor Corp.'s principal subsidiary, will provide engineering and procurement from its Houston office, while construction management services will be run from its office in Al Khubar, Saudi Arabia. The plant is scheduled to be completed in late 1993.
BUSINESS
April 28, 1994 | ROBIN WRIGHT and JAMES F. PELTZ, TIMES STAFF WRITERS
President Clinton, again trying to persuade Saudi Arabia to buy U.S. products, called on its government to award a telecommunications contract to AT&T valued at up to $4 billion, Secretary of State Warren Christopher said Wednesday. The desert kingdom plans to update and expand its aging telephone system, and AT&T is vying with telecommunications suppliers from Europe, Japan and Canada for the lucrative contract.
BUSINESS
February 19, 2001 | Bloomberg News
Exxon Mobil Corp., BP Amoco, Royal Dutch/Shell Group, TotalFinaElf and other oil companies may sign multibillion-dollar gas projects with Saudi Arabia as early as April, the country's foreign minister said.
BUSINESS
May 30, 1996
Fluor Corp. said its Fluor Daniel unit was awarded a contract for under $50 million to provide engineering services for the expansion of a Saudi Arabian petrochemical complex. Once the project is completed, it will be one of the largest petrochemicals complexes in the world, producing 1.6 million tons of ethylene and more than 2 million tons of other derivative products, Fluor Daniel said. The contract was awarded by Saudi Yanbu Petrochemical Co.
BUSINESS
July 3, 1995 | RALPH VARTABEDIAN, TIMES STAFF WRITER
The Internal Revenue Service is investigating whether Litton Industries made millions of dollars in improper payments to a leading member of the Saudi royal family and whether the firm improperly claimed tax write-offs on the alleged payments, The Times has learned. The IRS inquiry is focusing on a massive $1.
BUSINESS
June 6, 1995 | JAMES F. PELTZ, TIMES STAFF WRITER
Saudi Arabia's long-delayed order for U.S. jetliners is finally at hand, with Long Beach-based Douglas Aircraft Co. set to receive about a third of the $6-billion order as expected, U.S. Commerce Secretary Ronald H. Brown confirmed Monday. The bulk of the order from the desert kingdom's Saudia state airline will go to aircraft industry leader Boeing Co., Brown said in a telephone interview. "American commercial aircraft will get 100% of the order," he said.
BUSINESS
April 11, 1995 | JAMES F. PELTZ, TIMES STAFF WRITER
Douglas Aircraft Co. confirmed Monday that it will soon start laying off workers at its Long Beach plant because it has yet to receive a long-awaited jetliner order from Saudi Arabia. Sources said the cutback could involve several hundred employees. Douglas, which had expected to sell the Saudis its wide-body MD-11 and its smaller MD-80 and MD-90 jetliners, said it does not yet know how many employees will be let go, and company spokesman John Thom declined to speculate on a figure.
BUSINESS
May 10, 1994 | From Associated Press
AT&T Corp. won a $4-billion, seven-year agreement to build an advanced digital communications network in Saudi Arabia, the company said Monday. AT&T beat several rivals for the deal, including Northern Telecom Ltd., Siemens and L.M. Ericsson Telephone Co. Terms must still be finalized, but through 2000 the deal could add annual sales of about $600 million to the company, which had revenue last year of $65 billion.
BUSINESS
April 28, 1994 | ROBIN WRIGHT and JAMES F. PELTZ, TIMES STAFF WRITERS
President Clinton, again trying to persuade Saudi Arabia to buy U.S. products, called on its government to award a telecommunications contract to AT&T valued at up to $4 billion, Secretary of State Warren Christopher said Wednesday. The desert kingdom plans to update and expand its aging telephone system, and AT&T is vying with telecommunications suppliers from Europe, Japan and Canada for the lucrative contract.
BUSINESS
February 16, 1994 | From Times Staff and Wire Reports
Saudi Plane Order Reportedly Set: President Clinton will announce today the long-awaited, $6-billion sale of Boeing and McDonnell Douglas airliners to Saudi Arabia, said an administration official who asked not to be identified. The Saudis tentatively agreed last August to buy at least 50, perhaps 75 of the planes, but the order was held up while the Saudis and five U.S. contractors worked out a restructuring of about $9 billion worth of planned sales.
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