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Business/Financial

Big Civilian Nuke Sites Contract Canceled Amid Conflict of Interest Controversy

Monday, May 16th, 2022

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Big Civilian Nuke Sites Contract Canceled Amid Conflict of Interest Controversy

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In a blow to Fluor [FLR] and Amentum, the National Nuclear Security Administration (NNSA) said Monday it canceled a potentially 10-year, $28 billion contract for a joint venture of the two companies to manage the agency’s main nuclear-weapon production sites. The semiautonomous Department of Energy nuclear weapons agency awarded the big-money deal to the Nuclear Production One joint venture in November, but losing bidders quickly protested the award, citing a conflict of interest involving a former NNSA employee who joined a…

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