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Fluor Nixes Planned Sale of Gov Biz, Including Civilian Nuke Contracts

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Fluor Nixes Planned Sale of Gov Biz, Including Civilian Nuke Contracts

Engineering and procurement giant Fluor [FLR] reversed course and decided not sell its government contracting business, which has contracts with Department of Energy's nuclear weapons complex, and Department of Defense, the company said Tuesday. The Irving, Texas-based company announced the now-canceled sale in September. Belt-tightening over the past year, along with the anticipated sale later in 2020 of the AMECO equipment leasing and services business, are relieving Fluor of the need to part with its federal contracting unit, Carlos Hernandez, the…

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