Archive

Fluor

An engineering, procurement, and construction contractor with major roles in DOE weapons complex cleanup and national laboratory management.

  • Fluor announces bid for $30B Pantex Plant landlord contract

    A Fluor team has submitted a bid package to operate the National Nuclear Security Administration’s Pantex Plant in Texas, Chief Executive David Constable said Nov. 3.  The opportunity, available now that NNSA is splitting the maintenance and operations contracts for Pantex and Y-12 in Oak Ridge, Tenn., is valued at up to $30 billion over […]

  • Fluor reports rise in earnings with procurement activity in DOE weapons complex

    Earnings rose at Fluor, Irving, Texas, in the third quarter, which the engineering and construction company attributed in part Friday to metals and mining projects as well as a steady stream of government contracts. Net earnings attributable to Fluor for the third quarter ended Sept. 30 were $206 million, or $1.15 a share, up from […]

  • Portsmouth-Paducah bidders asked to keep proposals open through mid-November

    Teams seeking to land a major Department of Energy contract that includes running depleted uranium hexafluoride conversion facilities at former gaseous diffusion plants in Ohio and Kentucky have been asked to keep their bids open through Nov. 17, sources said this week. Two DOE weapons complex contractor executives and one municipal government official told Exchange […]

  • Wrap Up: Fluor unit lands UK contract, indictment alleges nuclear parts kickbacks, study out on culling wild pigs around SRS

    Fluor subsidiary Stork UK has landed a three-year contract to provide inspection and quality assurance services to Sellafield Limited’s nuclear site in the United Kingdom, Fluor said in a Thursday press release. The new contract is scheduled to start in November and has two single-year follow-on option periods, Fluor said in the release. The announcement […]

  • Fluor naval propulsion contract extended through 2028

    Fluor’s contract for the management and operations of the U.S. Naval Nuclear Laboratory was extended for five years through 2028, the company announced on Monday.  The contract had a five-year base period of performance, with a five-year option. Fluor announced the option trigger in a statement. Awarded in 2018 by the National Nuclear Security Administration […]

  • Fluor naval propulsion contract extended through 2028

    Fluor’s contract for the management and operations of the U.S. Naval Nuclear Laboratory was extended for five years through 2028, the company announced on Monday.  The contract had a five-year base period of performance, with a five-year option. Fluor announced the option trigger in a statement. Awarded in 2018 by the National Nuclear Security Administration […]

  • SRS crews prepare to open, treat problem container rejected by WIPP

    Crews at the Department of Energy’s Savannah River Site plan next week to open up a contaminated waste box recently returned to South Carolina from the agency’s underground disposal site in New Mexico, a federal advisory board heard Tuesday. These specific drums initially contained debris waste sent to the Savannah River Site from the shuttered […]

  • Wrap Up: Fluor pays $14.5M in settlement; Boston hires COO; Leidos taps gov affairs boss; more

    Fluor Corp. will pay a civil penalty of $14.5 million as part of a settlement agreement with the U.S. Securities and Exchange Commission, the company said Wednesday. The Securities and Exchange Commission (SEC) investigated Fluor’s accounting errors on two lump sum engineering, procurement and construction contracts, the company said in a press release. Fluor neither […]

  • Fluor earnings dip but revenue rises; as contractor upbeat on DOE biz

    Earnings fell at Fluor, Irving, Texas, in the second quarter, which the Department of Energy contractor attributed partly to a $34 million charge cost and schedule issues in its Energy Solutions sector. Net earnings for the second quarter ended June 30 were $61 million, or $0.35 a share, down from $66 million, or $0.38 a […]

  • Fluor earnings dip but revenue rises; as contractor upbeat on DOE biz

    Earnings fell at Fluor, Irving, Texas, in the second quarter, which the Department of Energy contractor attributed partly to a $34 million charge cost and schedule issues in its Energy Solutions sector. Net earnings for the second quarter ended June 30 were $61 million, or $0.35 a share, down from $66 million, or $0.38 a […]

  • Carr becomes new CEO of SRS prime

    The Fluor-led operations contractor at the Department of Energy’s Savannah River Site in South Carolina promoted Dennis Carr to CEO following Stuart MacVean’s retirement on Thursday July 27, a company spokesperson said via email. Carr becomes president and CEO of Savannah River Nuclear Solutions after serving as an executive vice president and chief operating officer […]

  • Portsmouth/Paducah ops award could be around the corner, sources say

    With last week’s award of the Department of Energy’s $5.87-billion environmental remediation contract for the Portsmouth Site in Ohio to an Amentum-led team, two industry sources expect a companion contract is imminent for operations of that property as well as the Paducah Site in Kentucky. The sources, executives who work for different government contractors, also […]

  • Portsmouth and Paducah ops award could be around the corner, sources say

    With last week’s award of the Department of Energy’s $5.87-billion environmental remediation contract for the Portsmouth Site in Ohio to an Amentum-led team, two industry sources expect a companion contract is imminent for operations of that property as well as the Paducah Site in Kentucky. The sources, executives who work for different government contractors, also […]

  • Incumbent Fluor-BWXT pockets 95% of its Portsmouth fee, 85% of subjective award

    The Department of Energy’s cleanup contractor for the Portsmouth Site in Ohio took home about $15 million, or 95%, of its total potential fee for cleaning up after uranium enrichment for the six months ended March 28.  The take includes about 85% of the contractor’s subjective fee: the portion of the earnings for which DOE […]

  • MacVean to retire as CEO of Savannah River prime

    Stuart MacVean, the president and CEO of Fluor-led Savannah River Nuclear Solutions, the prime contractor for the Department of Energy’s Savannah River Site in South Carolina, plans to retire in a few weeks, he said in a Monday memo to employees. “Although I’ll be around for a few more weeks, I bid a fond farewell […]

  • Amentum-led team wins potential $5.9B Portsmouth contract

    Southern Ohio Cleanup Co., a joint venture of Amentum, Fluor and Cavendish Nuclear USA, won the potentially decade-spanning, $5.87-billion Decontamination and Decommissioning Contract at the Department of Energy’s Portsmouth Site in Ohio, the agency said Thursday. Another five-years of work could be tacked onto the end of the 10-year ordering period, meaning it could run […]

  • Incumbent Fluor-BWXT pockets 95% of its Portsmouth fee, 85% of subjective award

    The Department of Energy’s cleanup contractor for the Portsmouth Site in Ohio took home about $15 million, or 95%, of its total potential fee for cleaning up after uranium enrichment for the six months ended March 28.  The take includes about 85% of the contractor’s subjective fee: the portion of the earnings for which DOE […]

  • Honeywell sells stake in Savannah River Nuclear Solutions

    Charlotte, N.C.-based Honeywell has sold its stake in the Fluor-led joint venture that runs the Department of Energy’s Savannah River Site in South Carolina, the company said this week. The company has divested its interest in Savannah River Nuclear Solutions to the remaining partners, Fluor and Huntington Ingalls Industries, Honeywell said in a Monday press […]

  • Portsmouth union rep warns of staffing crunch; says no labor deal yet ahead of DOE award

    United Steelworkers Local 1-689 President Herman Potter fears the Department of Energy’s Portsmouth Site in Ohio could have a tough time filling vacancies in the near future due to a combination of factors. With the existing workforce at or approaching retirement age, looming brownfield projects driving a need to hire fresh hands and an impending […]

  • Deadline extended on DOE expression of interest for cleaning Portsmouth nickel

    The Department of Energy has extended the deadline until Oct. 9 for companies interested in recycling about 6,400 tons of radiologically surface-contaminated nickel from the gaseous diffusion plant at the Portsmouth Site in Ohio. The DOE Office of Environmental Management announced the new deadline in a June 22 notice on a federal procurement website. DOE […]

  • Portsmouth union rep warns of staffing crunch; says no labor deal yet ahead of DOE award

    United Steelworkers Local 1-689 President Herman Potter fears the Department of Energy’s Portsmouth Site in Ohio could have a tough time filling vacancies in the near future due to a combination of factors. With the existing workforce at or approaching retirement age, looming brownfield projects driving a need to hire fresh hands and an impending […]

  • Portsmouth contractor group denies liability in cancer lawsuit

    In court papers filed this week, current and past contractors at the Department of Energy’s Portsmouth Site in Ohio deny their work led to the cancer suffered by a former student at a now-closed middle school near the nuclear cleanup property. In a 12-page document filed Monday in U.S. District Court for Southern Ohio, the […]

  • Fluor earnings dip but CEO bullish on DOE work, Hanford

    Earnings fell at Fluor, Irving, Texas, in the first quarter, which the government contractor attributed to charges on a defense contract and losses associated with the sale of an international subsidiary. But in an analysts conference call following the morning earnings release, Fluor CEO David Constable was upbeat about prospects for the company’s work in […]

  • Fluor earnings dip but CEO bullish on DOE work

    Earnings fell at Fluor, Irving, Texas, in the first quarter, which the government contractor attributed to charges on a defense contract and losses associated with the sale of an international subsidiary. But in an analysts conference call following the morning earnings release, Fluor CEO David Constable was upbeat about prospects for the company’s work in […]

  • Steelworkers seek labor deal extension for Portsmouth cleanup

    United Steelworkers Local 1-689 members are still doing nuclear remediation at the Department of Energy Portsmouth Site in Ohio more than a month after their labor deal with Fluor BWXT Portsmouth expired, their union representative said this week. Negotiations have not gone well so far, United Steelworkers (USW) Local 1-689 President Herman Potter said during […]

  • Steelworkers seek labor deal extension for Portsmouth cleanup

    United Steelworkers Local 1-689 members are still doing nuclear remediation at the Department of Energy Portsmouth Site in Ohio more than a month after their labor deal with Fluor BWXT Portsmouth expired, their union representative said Tuesday. Negotiations have not gone well so far, United Steelworkers (USW) Local 1-689 President Herman Potter said during a […]

  • Winners celebrate $45-B Hanford tank award; briefings expected soon

    The Department of Energy should within a week brief bidders about the agency’s reasons for awarding a $45-billion Hanford Site liquid waste cleanup contract to a BWX Technologies-led venture,  industry executives said this week. As a result, any protest by a losing bidder should likely be filed with the Government Accountability Office by May 1 […]

  • Winners celebrate $45-B Hanford tank award; briefings expected soon

    The Department of Energy should within a week brief bidders about the agency’s reasons for awarding a $45-billion Hanford Site liquid waste cleanup contract to a BWX Technologies-led venture, an industry executive said Monday. As a result, any protest by a losing bidder should likely be filed with the Government Accountability Office by May 1 […]

  • DOE extends bids on uranium hexafluoride conversion at Paducah Site

    At the Department of Energy’s request, bidders on major nuclear cleanup contracts at the Paducah Gaseous Diffusion Plant in Kentucky and at the Portsmouth Site in Ohio have agreed to keep their bids on the table for 60 days longer than planned, industry sources said this week. Within the past week, DOE procurement officials asked […]

  • Multibillion-dollar Portsmouth bids extended another 60 days

    At the Department of Energy’s request, bidders on a major nuclear cleanup contract at the Portsmouth Site in Ohio have agreed to keep their bids on the table for 60 days longer than planned, industry sources said this week. Within the past week, DOE procurement officials asked teams to keep their contract offers for the […]