Fluor

EnergySolutions, Salt Lake City, will consider putting nuclear reactors under development at Terrestrial Energy, a Charlotte, N.C., on some of the Utah-based company’s sites, the companies said Wednesday. In a joint press release, the companies said they signed a memorandum of understanding “to collaborate on the siting and deployment of Integral Molten Salt Reactor (IMSR) […]

Fluor’s longtime chief financial officer and executive vice president Joe Brennan plans to retire July 1, 2025 after more than three decades with the Irving, Texas-based government contractor. Fluor announced Brennan’s planned departure in a Monday press release, adding he will be replaced by the company’s chief accounting officer, John Regan. Regan, currently chief accounting […]

Fluor’s longtime chief financial officer and executive vice president Joe Brennan plans to retire July 1, 2025 after more than three decades with the Irving, Texas-based government contractor. Fluor announced Brennan’s planned departure in a Monday press release, adding he will be replaced by the company’s chief accounting officer, John Regan. Regan, currently chief accounting […]

Earnings fell more than 25% year-over-year at Fluor, Irving, Texas, in the third quarter, which the government contractor, active in the nuclear weapons complex, attributed to project delays and cancellations. Net earnings for the third quarter ended Sept. 30 were $54 million, or $$0.31 a share, down from $206 million, or $1.15 a share, in […]

Publicly-traded companies involved with Department of Energy nuclear programs were not exempt from Monday’s stock market nosedive, although most rallied by the close of trading Thursday. Companies that are big players in both the DOE Office of Environmental Management and National Nuclear Security Administration (NNSA) and Office of Nuclear Energy posted per-share declines on Monday, […]

Jim Breuer, currently president of Fluor’s Energy Solutions group, becomes Fluor’s chief operating officer effective Monday, Aug. 5, CEO David Constable said during an earnings call Friday.  As chief operating officer, Breuer will report directly to Constable, and will oversee the company’s three business lines, including Mission Solutions, where the international engineering and construction company […]

Earnings rose at Fluor, Irving, Texas, in the second quarter, which the global engineering company with a big footprint in the Department of Energy, attributed to long-term government and commercial contracts, according to a Friday press release. Net earnings for the second quarter ended June 30 were $169 million, or $0.97 a share, up from […]

Earnings rose at Fluor, Irving, Texas, in the second quarter, which the global engineering company with a big footprint in the Department of Energy, attributed to long-term government and commercial contracts, according to a Friday press release. Net earnings for the second quarter ended June 30 were $169 million, or $0.97 a share, up from […]

In notices last week, the Department of Energy said it plans to again extend incumbent cleanup contractors at the Portsmouth Site in Ohio and the Paducah Site in Kentucky for up to a year. DOE published a notice of intent July 2 to extend the Decontamination & Decommissioning services contract held by Fluor-BWXT Portsmouth for […]

A relatively new federal district judge in South Carolina will preside over an employment discrimination case against the Department of Energy’s management prime for the Savannah River Site. U.S. District Judge Jacquelyn Austin will hear the job discrimination and retaliation lawsuit against Fluor-led Savannah River Nuclear Solutions filed this spring by a former employee, a […]

The lame duck cleanup contractor at the Department of Energy’s Portsmouth Site in Ohio and the provider of depleted uranium hexafluoride services there and at the Paducah Site in Kentucky each collected most of the available fee for the opening four months of fiscal 2024, DOE said Tuesday. In a press release, DOE’s Portsmouth/Paducah Project […]

The lame duck cleanup contractor at the Department of Energy’s Portsmouth Site in Ohio and the provider of depleted uranium hexafluoride services there and at the Paducah Site in Kentucky each collected most of the available fee for the opening four months of fiscal 2024, DOE said Tuesday. In a press release, DOE’s Portsmouth/Paducah Project […]

Although 11 months have elapsed since the Department of Energy awarded a new $5.9-billion environmental cleanup contract at the Portsmouth Site in Ohio, DOE’s cleanup office still isn’t saying when the new contractor will take over from Fluor-BWXT Portsmouth. In an email reply Monday to Exchange Monitor, a DOE spokesperson declined to say when Southern […]

The Department of Energy’s National Nuclear Security Administration Thursday awarded a contract for management and operation of  the Pantex Plant in Amarillo, Texas to a joint venture called PanTeXas Deterrence LLC, led by Lynchburg, Va. based BWX Technologies. That is according to a notice on the federal government’s System for Award Management (SAM.gov). The award […]

LOUISVILLE, KY.—Once the National Nuclear Security Administration ramps up its plutonium pit production in the 2030s, the semi autonomous branch of the Department of Energy will be more closely linked with the waste disposal work of its sister DOE office for nuclear cleanup, Ahmad Al-Daouk said here Tuesday. “We are producing pits and we are […]

Earnings rose at Fluor, Irving, Texas, in the first quarter, which the weapons complex contractor attributed to new awards in its Urban Solutions segment. Net earnings for the first quarter ended March 31 were $59 million, or $0.34 a share, up from a loss of $107 million or 0.82 a share, in the year-ago quarter, […]

Earnings rose at Fluor, Irving, Texas, in the first quarter, which the weapons complex contractor attributed to new awards in its Urban Solutions segment. Net earnings for the first quarter ended March 31 were $59 million, or $0.34 a share, up from a loss of $107 million or 0.82 a share, in the year-ago quarter, […]

The Department of Energy Thursday published its justification to extend the incumbent decommissioning contractor at the Portsmouth Site in Ohio until Sept. 30. The move to extend Fluor-BWXT Portsmouth six months from April 1 to Sept. 30 was expected. The agency announced its intention just after Christmas. DOE published its justification for extending the incumbent […]

The Department of Energy is giving bidders on the $2.9-billion Portsmouth / Paducah Project Office (PPPO) Operations and Site Mission Support contract until April 17 to tweak their proposals, sources tell Exchange Monitor. The contract will cover running depleted uranium hexafluoride conversion plants in Ohio and Kentucky, among other things. April 17 is the deadline […]

The Department of Energy is giving bidders on the $2.9-billion Portsmouth / Paducah Project Office (PPPO) Operations and Site Mission Support contract until April 17 to tweak their proposals, sources tell Exchange Monitor. The contract will cover running depleted uranium hexafluoride conversion plants in Ohio and Kentucky, among other things. April 17 is the deadline […]

Fluor Chairman and CEO David Constable expects the Department of Energy’s National Nuclear Security Administration to decide on a new management contractor for the Pantex Plant in Texas in the second or third quarter of this calendar year. Constable made the comment during a Tuesday earnings call with Wall Street analysts. The Fluor chief is […]

Fluor Chairman and CEO David Constable expects the Department of Energy’s National Nuclear Security Administration to decide on a new management contractor for the Pantex Plant in Texas in the second or third quarter of this calendar year. Constable made the comment during a Tuesday earnings call with Wall Street analysts. The Fluor chief is […]

Fluor Chairman and CEO David Constable expects the Department of Energy’s National Nuclear Security Administration to decide on a new management contractor for the Pantex Plant in Texas in the second or third quarter of this calendar year. Constable made the comment during a Tuesday earnings call with Wall Street analysts. The Fluor chief is […]

Earnings fell at Fluor, Irving, Texas, in the fourth quarter, which the engineering and construction company, active in the Department of Energy nuclear weapons complex, attributed Tuesday to a legal settlement and the sale of a business. Net earnings for the fourth quarter ended Dec. 31, 2023, reflected a net loss of $21 million or […]

Former and current Department of Energy contractors at the Portsmouth Site in Ohio have filed an unopposed motion in federal court seeking until Feb. 26 to answer a complaint by a local resident who blames his leukemia on radioactive contamination from the property. The motion, seeking three weeks beyond the original Feb. 5 deadline, was […]

Most workers at the Department of Energy’s Hanford Site in Washington state were told to stay home Friday due to sleet and snow creating challenging driving conditions — one day after most onsite staffers were sent home early. Elsewhere in the DOE weapons complex, it appears the weather is moderating at the Oak Ridge Site […]

With the award of a follow-on contract taking longer than expected, the Department of Energy will extend major cleanup contracts at shuttered gaseous diffusion plants in Ohio and Kentucky for up to six months, the agency said after Christmas DOE’s Office of Environmental Management intends to extend Fluor-BWXT Portsmouth’s Decontamination and Decommissioning contract at the […]

Amentum’s recently announced merger with Jacobs winnows the field of candidates vying to take over management of the Pantex Plant in Texas for the National Nuclear Security Administration.  After oral in-person interviews began last week, the consolidation of the two giant Department of Energy contractors shrinks the number of potential players for the $30 billion […]

The National Nuclear Security Administration started its oral interviews with four joint ventures vying for a contract to operate the Pantex plant in Texas, a source said Monday. A second source familiar with the ongoing search for a Pantex maintenance and operations contractor for the U.S. nuclear weapons clearing house confirmed to Exchange Monitor that […]

The National Nuclear Security Administration started its oral interviews with four joint ventures vying for a contract to operate the Pantex plant in Texas, a source said Monday. A second source familiar with the ongoing search for a Pantex maintenance and operations contractor for the U.S. nuclear weapons clearing house confirmed to Exchange Monitor that […]