L.B. Foster Awarded $7.6 Million Contract (FSTR)

8/14/2009 - L.B. Foster Company (NASDAQ:FSTR) has been awarded a $7.6 million contract for 115# rail for installation on the A-Train transit project linking Denton and Carrollton, TX. Vice president Greg Lippard said, "Our L.B. Foster Rail Products estimating and project management teams fast-tracked the contract, manufacturing and delivery to meet a critical construction schedule," regarding the shipment of 4599 tons of 1600ft welded rail and 573 tons of 80 ft. stick rail that were delivered to the North Texas Rail Group, a contractor join venture between Herzon Contracting Corporation and Archer Western Contractors on August 1. The first shipment totaling 3066 tons of welded 115# rail was delivered by L.B. Foster's company-owned weld trains and unloaded in early July. Sales manager Dennis Bachtel said, "Coordinating this shipment on our weld trains helped to expedite the delivery and meet the contractors' tight project schedule."

Write to Chip Brian at cbrian@tradethetrend.com

---------------------------------------------------------------------------------------------

SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup.html

Related terms: construction, contract, contractor, manufacturing, market, nasdaq, president, products, sales, schedule, securities, texas