LeTourneau Obtains $74 Million

Rowan Companies, Inc. has recently reported that the company has announced today that its wholly owned manufacturing subsidiary, LeTourneau Technologies, Inc. (LTI), has entered into a contract with Weatherford Drilling International (BVI) Ltd. to construct four new 2000 horsepower land drilling rigs, at a total value of $74.4 million. Construction is expected to start immediately with delivery of... 

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LeTourneau Obtains $74 Million Contract for New Land Rigs

Rowan Companies, Inc. announced that its wholly owned manufacturing subsidiary, LeTourneau Technologies, Inc. (LTI), has entered into a contract with Weatherford Drilling International (BVI) Ltd. to construct four new 2000 horsepower land drilling rigs, at a total value of $74.4 million. Construction is expected to start immediately with delivery of the first land rig in the third quarter of 2008,... 

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