Fluor, HII Buy Honeywell’s Stake in Savannah River Nuclear Solutions JV; David Johnson Quoted

Fluor (NYSE: FLR) and HII (NYSE: HII) have purchased the membership interest of Honeywell (Nasdaq: HON) in a joint venture – Savannah River Nuclear Solutions – focused on helping the Department of Energy manage the Savannah River Site in South Carolina.

“We are confident that Fluor and Huntington Ingalls will continue to deliver long term value to the Savannah River Site as a significant portion of its scope shifts to major capital construction and start-up of plutonium production activities,” David Johnson, vice president of Honeywell’s federal solutions business, said in a statement published Monday.

Johnson added that Honeywell will continue to partner with DOE on opportunities that align with the company’s strategic objectives and capabilities.

The Savannah River Site is a 310-square-mile DOE facility in Aiken, South Carolina, focused on managing nuclear materials and performing research and development and environmental cleanup activities.

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