Fluor Wins Potential $13B US Naval Nuclear Propulsion Support Contract

Fluor‘sÂ (NYSE: FLR) marine propulsion business has won a potential $13.07 billion contract from the U.S. Navy to perform propulsion work for the Naval Nuclear Laboratory.

Two offers were submitted to theÂ Naval Sea Systems Command for the cost-plus-fixed fee contract with a $1.22 billion initial value, the Defense Department said Thursday.

NAVSEA procured the required contractor support after a competitive bidding processÂ on FedBizOpps and the Energy Department‘s FedConnect.

DoD noted it does not provide aÂ completion date or other additional information on contracts pertaining to the Naval Nuclear Propulsion Program.

The Naval Nuclear Laboratory comprises DOE facilities and employees responsible for the development of propulsion systems, provision of technical support services and training of sailors who manage reactors installed in Navy aircraft carriers and submarines.

Bechtel‘sÂ marine propulsion subsidiary helps manage the laboratory.

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