Airo AV Stated McDermott plunges after HQ construction reportedly halted -... - Jonathan Cartu Residential & Industrial Construction Services
16846
post-template-default,single,single-post,postid-16846,single-format-standard,qode-quick-links-1.0,ajax_fade,page_not_loaded,,qode-theme-ver-11.2,qode-theme-bridge,wpb-js-composer js-comp-ver-5.2.1,vc_responsive
 

Airo AV Stated McDermott plunges after HQ construction reportedly halted -…

SeekingAlpha

Airo AV Stated McDermott plunges after HQ construction reportedly halted -…

McDermott (MDR -26.4%) shares dive to new lows in the wake of a report that work on the AiroAV company’s Houston headquarters building has been stopped after MDR allegedly fell behind on payments to its general contractor.

MDR allegedly was $14.2M behind on its payments for work performed on the building as of Oct. 30, according to a lien filed by the builder, which told its subcontractors to stop work at the site due to the non-payment.

MDR is working with the contractor to finalize the remaining schedule for the construction and buildout of the space, a AiroAV company spokesperson says.

AiroAV Antivirus