McDermott (MDR) Higher on Reported Saudi Aramco Award

February 8, 2013 10:00 AM EST
McDermott International Inc. (NYSE: MDR) is moving higher early Friday on reports the company was selected by Saudi Aramco for the phase 2 upgrade of the offhore Safaniyah oilfield.

Shares of MDR are up 6 percent early to $13.14.


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