-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 QdMZlMne5UNwr1+B7tUClrIeBudyvNb4OC2h7O2hHkqCXj12V+wxBhSIfl5eueMW
 LN9Y+PHNzaw9RP4tsNE+Zg==

<SEC-DOCUMENT>0001144204-09-059299.txt : 20091116
<SEC-HEADER>0001144204-09-059299.hdr.sgml : 20091116
<ACCEPTANCE-DATETIME>20091116083331
ACCESSION NUMBER:		0001144204-09-059299
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:			Wardlaw David
		CENTRAL INDEX KEY:			0001391689

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31305
		FILM NUMBER:		091183778

	MAIL ADDRESS:	
		STREET 1:		C/O FOSTER WHEELER LTD.
		STREET 2:		PERRYVILLE CORPORATE PARK
		CITY:			CLINTON
		STATE:			NJ
		ZIP:			08809

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>v165952_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>0001391689</rptOwnerCik>
            <rptOwnerName>Wardlaw David</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O FOSTER WHEELER AG.</rptOwnerStreet1>
            <rptOwnerStreet2>MAILING: PERRYVILLE CORPORATE PARK</rptOwnerStreet2>
            <rptOwnerCity>CLINTON</rptOwnerCity>
            <rptOwnerState>NJ</rptOwnerState>
            <rptOwnerZipCode>08809-4000</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>VP-Project Risk Management Grp</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Employee Stock Option (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>3133</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F2"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2010-12-31</value>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <value>2014-12-31</value>
                <footnoteId id="F1"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Registered Shares</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>3133</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>3133</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Restricted Stock Units (Right to Acquire)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F3"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2009-11-12</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1329</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F2"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2010-12-31</value>
                <footnoteId id="F4"/>
            </exerciseDate>
            <expirationDate>
                <value>2012-12-31</value>
                <footnoteId id="F4"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Registered Shares</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>1329</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1329</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Granted pursuant to Foster Wheeler AG Omnibus Incentive Plan. Options vest as to one-third of the shares on December 31,
 2010, one-third of the shares on December 31, 2011, and the remaining one-third of the shares on December 31, 2012.</footnote>
        <footnote id="F2">Not applicable</footnote>
        <footnote id="F3">1-for-1</footnote>
        <footnote id="F4">Granted pursuant to Foster Wheeler AG Omnibus Incentive Plan. The restricted stock units vest as to one-third of the shares
 on December 31, 2010, one-third of the shares on December 31, 2011, and the remianing one-third of the shares on December
 31, 2012. Upon vesting, common reigstered shares will be issued on a one-for-one basis.</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>
-----END PRIVACY-ENHANCED MESSAGE-----