Fluor Wins $1.5B to Manage National Oil Reserve

A subsidiary of Fluor Corp. (NYSE: FLR) has won a potential 10-year, $1.46 billion contract to manage the country’s emergency oil inventory for the Energy Department. Fluor Federal Petroleum Operations LLC will assume responsibility for managing and operating the Strategic Petroleum Reserve on Dec. 1, DOE said Wednesday. The contract contains a five-year, $697 million base period and an option...

ASRC Federal Names Northrop Vet Leif Henecke CIO

ASRC Federal Holding Co. has appointed Northrop Grumman (NYSE: NOC) veteran Leif Henecke chief information officer, the company announced Thursday. The Greenbelt, Md.-based company said he will manage federal information technology solutions and business strategy. He brings executive experience in IT strategy, operations and optimization, according to President Ken Asbury. Henecke previously served...

ASRC Merges Primus, WTSI Subsidiaries

ASRC Federal Holding Co. merged its World Technical Services Inc. subsidiary into Primus Solutions Inc., effective Jan. 1, ASRC announced Tuesday. Primus President Rick Payne will lead the combined businesses. Primus assumes all rights and obligations concerning WTSI’s customers. ASRC Federal President and CEO Ken Asbury said the company decided to merge Primus and WTSI because they have complementary...

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