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L..B. Foster supplies transportation, construction, utility, energy, recreation and agriculture markets with the materials necessary to build and maintain North America’s infrastructure. Today, L.B. Foster Company is a leading manufacturer, fabricator and distributor of quality transportation and construction materials. The company is committed to meeting customer requirements and increasing buyer satisfaction through the continual improvement of its products and services. Toward this end, L.B. Foster maintains ongoing programs to enhance product quality, improve operational processes and assure employee safety.
NASDAQ Symbol: FSTR
L.B. Foster was awarded a $5.3 million contract by the Northern New England Passenger Rail Authority (NNEPRA) to supply 5,561 tons of rail for the Downeaster-Portland North Project. NNEPRA is using a $35 million grant from the American Recovery and Reinvestment Act to help fund the project’s 26.4 mile track rehabilitation and expansion between Portland and Brunswick, Maine. The new Downeaster line will offer improved Amtrak service within the area and south to Boston, MA..
L.B. Foster has been awarded a $20.5 million contract to supply Gerdau Ameristeel sheet piling to the Panama Canal Authority (ACP) for use in the construction of the Panama Canal Expansion. The successful bidder for the PAC-4 contract opening later this year will install the piling for the excavation of the Pacific Access Channel and the construction of the Borinquen Dam. Gerdau Ameristeel's PS 31 flat steel sheets will be delivered in lengths of 56 ft. to 69 ft. Also, their PZC(TM) 26 Z-type sheet piling will be delivered in 49 ft. lengths.