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Fluor Subsidiary Lands $1B Option on Naval Nuclear Propulsion Contract

A subsidiary of Fluor (NYSE: FLR) has secured a $1.07B contract modification from the U.S. Navy to provide propulsion support services at the Naval Nuclear Laboratory.

The Navy exercised an option for Fluor Marine Propulsion to continue performing work at the lab under a previously awarded cost-plus-fixed-fee contract, worth potentially $13.07B, the Department of Defense said Friday.

Forty-six percent of work will take place in Pennsylvania and the remaining 54 percent will occur in New York and Idaho.

NNPP is a collaboration between the Navy and the Department of Energy and conducts efforts to research, design, produce, test, operate, maintain and dispose of naval nuclear propulsion facilities.

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