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Business/Financial

Fluor Reports More Errors in Financial Filings

Wednesday, September 9th, 2020

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Fluor Reports More Errors in Financial Filings

Fluor [FLR] said Tuesday it has discovered more errors in past financial statements filed with the Securities and Exchange Commission. In addition, the Texas-based Energy Department contractor reported in an SEC filing that a major creditor and trustee, Wells Fargo Bank National Association, last month asserted a “notice of default” against Fluor for failing to submit certain financial records in a timely manner. If Fluor does not “cure” this problem within 90 days of the Aug. 5 notice, Wells Fargo…

Congress

With $1.5 Trillion Request, Army, Air Force, Navy’s Unfunded Lists Focus Solely On MILCON Projects

With the Trump administration’s push to massively increase defense spending to $1.5 trillion in fiscal year 2027, the Army, Air Force and Navy have eschewed submitting large unfunded priorities lists […]

Unmanned Systems

Bipartisan House Bill Would Give National Guard To Counter-Drone Authorities

Seeking to close gaps that may arise between state and local law enforcers in different jurisdictions, a bipartisan contingent of House members this week introduced a bill that would allow […]

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]