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Weapons Complex Still Weighing Impact of Fluor Government Biz Sell-Off
Fluor, the Texas-based engineering and construction giant trying to reverse its worsening financial condition, said Tuesday it will sell off its government contracting business that includes its work for the U.S. Department of Energy. While long a major player in government services, Fluor sees the business as a valuable property that can be moved in the near term in order to improve the company’s balance sheet. CEO Carlos Hernandez expects the company to complete a sale sometime in 2020. When asked if the government line has received much buyer interest, Fluor executives stressed the divestiture plan is just being announced. The chief executive also suggested management does not see as…
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Weapons Complex Morning Briefing
Extensions Executed for Hanford Tank, Plateau Cleanup Vendors
The U.S. Department of Energy on Friday officially issued up to one-year contract extensions for waste tank and Central Plateau cleanup at the Hanford Site in Washington state. The previously announced extensions will be worth $665 million for AECOM-led Washington…
Weapons Complex Monitor
Temporary Funding Measure Keeps Nuclear Cleanup Office Open into November
The U.S. Energy Department’s Office of Environmental Management, and the rest of the federal government, would keep operating beyond the end of fiscal 2019 on Monday under a stopgap spending bill awaiting President Donald Trump’s signature at deadline Friday for…
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RadWaste Monitor
House Panel Advances Yucca Mountain Bill
A House Energy and Commerce subcommittee on Thursday advanced legislation intended to bring the U.S. government closer to finally removing nuclear waste from dozens of sites around the nation and then ultimately burying it in a geologic repository under Yucca…
Nuclear Security & Deterrence Monitor
New Nuke Capacitors Will Cost Up to $850M; Other Weapons Programs to Foot Bill
WASHINGTON —It will cost as much as $850 million to replace commercial capacitors deemed unsuitable for use in two refurbished nuclear weapons, a senior National Nuclear Security Administration official told lawmakers here this week. For the B61-12 gravity bomb, an…
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