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Business/Financial

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

Defense Daily Staff

Tuesday, February 18th, 2020

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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…

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]

Budget

Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says

COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

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Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

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