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All Options ‘On the Table’ at Fluor After $555M Loss: CEO
“All options are on the table” at Fluor after the company’s $555 million loss in the second quarter of 2019, CEO Carlos Hernandez said Thursday. The government contractor is becoming more selective about what projects it bids on, and will consider asset sales and staff reductions, Hernandez said during a teleconference call with Wall Street analysts. Rumors have circulated recently that Jacobs Engineering could be looking to buy all or part of Fluor. Such speculation won’t be allayed by Thursday’s financial report. Fluor's situation could improve later this year, however, if the company lands at least one of two potential multibillion-dollar, 10-year contracts at the Energy Department’s Hanford Site in Washington…
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Weapons Complex Morning Briefing
Settlement Talks Continue Over Waste Volume Reporting at WIPP
One of three plaintiffs plans to continue mediation in hopes of reaching a settlement in a lawsuit against the New Mexico Environment Department over calculating underground waste volume at the U.S. Energy Department’s Waste Isolation Pilot Plant (WIPP). Concerned Citizens…
Weapons Complex Monitor
Hanford Support Services Contract Award Imminent, Leidos CEO Says
Leidos Chairman and CEO Roger Krone predicted Tuesday the Energy Department could award a new contract for landlord services at the Hanford Site “within a couple of weeks.” There had been speculation it would be out this week, Krone said…
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RadWaste Monitor
Two NRC Nominations Expected in Tandem
The White House is expected to submit two nominations in tandem for positions on the U.S. Nuclear Regulatory Commission, an informed source said this week. Senate Appropriations Committee staffer Christopher Hanson would be nominated to succeed Stephen Burns, who retired…
Nuclear Security & Deterrence Monitor
NNSA Weighing Whether Nuke Parts Delays Could Prevent Timely Deployment
The National Nuclear Security Administration (NNSA) is still determining if problems with non-nuclear components will prevent the B61-12 gravity bomb and W88 Alt 370 submarine-launched ballistic missile warhead from entering service with the Air Force and Navy on time, according…
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