News Update: Brooklyn Bridge to Get $10M Makeover

News Update: Brooklyn Bridge to Get $10M Makeover

LB Foster Company (NASDAQ:FSTR) was awarded a $10 million contract to provide new road way decking and bridge railing for the Brooklyn and Manhattan approach ramps for the Brooklyn Bridge. The contract includes about 170000 square feet of steel grid deck and 13000 linear feet of steel railing. Don Foster, Senior Vice President, LB Foster Construction Products noted, “Steel grid decking offers efficient installation, long-term performance and low life cycle costs over competing products,” The grid decking reinforces the precast concrete to form a composite material that takes advantage of the best properties of both the concrete and steel. Concrete will be precast into these complex panels by a separate supplier and the panels will be shipped to the site ready to install. The contract will be partially funded by the American Recovery and Reinvestment Act. LB Foster Company iscurrently trading 0.07 percent lower at $28.95. SmarTrend currently has LB Foster in an uptrend. Since 2008, SmarTrend subscribers trading LB Foster using our alerts outperformed the stock by 21%. We are monitoring these developments and will alert subscribers to any change in trend.

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