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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 H/kvVDyuKZ7RerpPC8rhnApw+DtWAFMg9ZFMquPFmW0q1cr4SLJuLaZgY6IRuBpn
 urc0ppT7pHtk4VGaryVEyA==

<SEC-DOCUMENT>0001144204-09-059333.txt : 20091116
<SEC-HEADER>0001144204-09-059333.hdr.sgml : 20091116
<ACCEPTANCE-DATETIME>20091116085831
ACCESSION NUMBER:		0001144204-09-059333
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20091112
FILED AS OF DATE:		20091116
DATE AS OF CHANGE:		20091116

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			ATKINSON EUGENE D
		CENTRAL INDEX KEY:			0001029594

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31305
		FILM NUMBER:		091183879

	MAIL ADDRESS:	
		STREET 1:		85 BROAD STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10004

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FOSTER WHEELER AG
		CENTRAL INDEX KEY:			0001130385
		STANDARD INDUSTRIAL CLASSIFICATION:	HEAVY CONSTRUCTION OTHER THAN BUILDING CONST - CONTRACTORS [1600]
		IRS NUMBER:				223802649
		STATE OF INCORPORATION:			D0
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		PERRYVILLE CORPORATE PARK
		STREET 2:		SERVICE ROAD EAST 173
		CITY:			CLINTON
		STATE:			NJ
		ZIP:			08809
		BUSINESS PHONE:		9087304270

	MAIL ADDRESS:	
		STREET 1:		PERRYVILLE CORPORATE PARK
		STREET 2:		SERVICE ROAD EAST 173
		CITY:			CLINTON
		STATE:			NJ
		ZIP:			08809

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FOSTER WHEELER LTD
		DATE OF NAME CHANGE:	20001221
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>v165902_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2009-11-12</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001130385</issuerCik>
        <issuerName>FOSTER WHEELER AG</issuerName>
        <issuerTradingSymbol>FWLT</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001029594</rptOwnerCik>
            <rptOwnerName>ATKINSON EUGENE D</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>ATKINSON CAPITAL</rptOwnerStreet1>
            <rptOwnerStreet2>640 FIFTH AVENUE, 17TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10019</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Restricted Stock Units (Right to Acquire)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F1"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2009-11-12</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1251</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F3"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2010-12-31</value>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <value>2010-12-31</value>
                <footnoteId id="F2"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Registered Shares</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>1251</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1251</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Stock Options (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>31.96</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2009-11-12</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>2949</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F3"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2010-12-31</value>
                <footnoteId id="F4"/>
            </exerciseDate>
            <expirationDate>
                <value>2014-12-31</value>
                <footnoteId id="F4"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Registered Shares</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>2949</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2949</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">1-for-1</footnote>
        <footnote id="F2">Granted pursuant to Foster Wheeler AG Omnibus Incentive Plan.  The restricted stock units vest as to 100% of the shares on
 December 31, 2010.  Upon vesting, common registered shares will be issued on a one-for-one basis.</footnote>
        <footnote id="F3">Not applicable</footnote>
        <footnote id="F4">Granted pursuant to Foster Wheeler AG Omnibus Incentive Plan.  Options vest as to 100% of shares on December 31, 2010.</footnote>
    </footnotes>

    <remarks>On February 9, 2009, Foster Wheeler AG, a company organized under the laws of Switzerland, became the successor of Foster
 Wheeler Ltd., a company organized under the laws of Bermuda pursuant to a Scheme of Arrangement under Bermuda law.  The
 change in corporate domicile did not alter the proportionate interests of the reporting person's holdings in the issuer.
 The change in domicile transaction was effected as described in the issuer's Proxy Statement dated December 22, 2008.</remarks>

    <ownerSignature>
        <signatureName>/s/ John A. Doyle, Jr., by power of atty.</signatureName>
        <signatureDate>2009-11-16</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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