Fluor Marine Propulsion Secures $2.05B Contract for Naval Nuclear Propulsion Work

Fluor Marine Propulsion has secured a $2.05 billion modification contract for Naval nuclear propulsion work at the Naval Nuclear Laboratory. The contract, which includes a cost-plus-fixed-fee modification, will be performed in Schenectady, New York, Pittsburgh, Pennsylvania, and Idaho Falls, Idaho. The work is expected to be completed by fiscal 2026.

Fluor Marine Propulsion (NYSE: FLR) has secured a significant $2.05 billion modification contract for Naval Nuclear Propulsion work at the Naval Nuclear Laboratory. The contract, which includes a cost-plus-fixed-fee modification, will be performed in Schenectady, New York (50%); Pittsburgh, Pennsylvania (45%); and Idaho Falls, Idaho (5%). The work is expected to be completed by fiscal 2026.

The contract, awarded by Naval Sea Systems Command in Washington, D.C., will involve exercising fiscal 2026 options for the Naval Nuclear Propulsion work. This latest development underscores Fluor's growing role in supporting the U.S. Navy's nuclear propulsion needs and its ability to secure large-scale contracts in the defense sector.

Fluor Marine Propulsion has been increasingly active in securing defense contracts, including securing a position on the U.S. WMD threat reduction contract and securing U.S. Army Europe's logistics support services contract. The company's ability to win such substantial contracts highlights its expertise and reliability in executing complex projects.

As of the current date, the stock price for Fluor Marine Propulsion has been volatile, with analysts awaiting further earnings reports to gauge the company's financial health. Despite recent stock fluctuations, the latest contract win could provide a positive boost to investor confidence, signaling continued growth opportunities in the defense sector.

For more information on Fluor Marine Propulsion and its recent contract wins, see the following sources:
- Fluor Marine Propulsion secures $2.05B modification contract for Naval nuclear propulsion^[1] https://seekingalpha.com/news/4495876-fluor-marine-propulsion-secures-2_05b-modification-contract-for-naval-nuclear-propulsion