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Fluor to Exit Government Contracting Business, Including DoE

Fluor [FLR], a pillar of the U.S. Energy Department’s nuclear operations and cleanup complexes, said Tuesday it will exit the government market as part of a shakeup following recent hard times at the Irving, Texas-based engineering and construction multinational. CEO Carlos Hernandez and Executive Chairman Alan Boeckmann announced plans to divest the company’s government services business, as well as the AMECO construction business, during a conference call on a strategic review that the company launched in May. “We are not…

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Contract Updates

BAE Systems Space & Mission Systems Inc. (Boulder, Colorado) – $48,000,000

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EnergySolutions Services Inc. (Oak Ridge, Tennessee) – $13,336,650

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