Fluor (NYSE:FLR) was awarded a virtually $1.4B cost-plus-fixed-fee modification to a contract for nuclear propulsion work, the U.S. Division of Protection introduced Monday.
The Pentagon mentioned Fluor Marine Propulsion (FLR) gained the modification to the beforehand awarded contract to train FY 2025 choices for the work on the Naval Nuclear Laboratory, with its main amenities in Pittsburgh, Pennsylvania; Schenectady, N.Y.; and Idaho Falls, Idaho.
The DoD additionally mentioned $14.98M of FY 2024 different Navy procurement funding, $3.55M of FY 2024 analysis and improvement and testing funding, and $495K of different Navy procurement funding might be obligated on the time of award.
