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Business/Financial

Fluor to Exit Government Contracting Business, Including DoE

Defense Daily Staff

Tuesday, September 24th, 2019

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Fluor to Exit Government Contracting Business, Including DoE

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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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