The Navy exercised a one-year, $1-billion option on Fluor Marine Propulsion’s Naval Reactors contract, which includes management of the National Nuclear Security Administration’s multi-site Naval Nuclear Laboratory in Idaho, New York and Pennsylvania, the parent company said Monday.
Fluor Marine Propulsion, Arlington, Va., snagged the naval labs business from Bechtel Marine Propulsion Corp. in 2018 as part of a competition in which those two companies were the only bidders. Overall, Fluor Marine’s two contracts with the Navy and the National Nuclear Security Administration (NNSA), which jointly administer the Naval Reactors program, are worth up to $30 million over 10 years.
The Naval Reactors contracts cover management and operations of the Department of Energy’s Bettis and Knolls Atomic Power Laboratories in West Mifflin, Pa. the Kenneth A. Kesselring Site in West Milton, N.Y. and the Naval Reactors Facility near Idaho Falls, Idaho.
As recently as 2019, Fluor was considering selling off its government contracting business. Today, the company remains in the thick of competition for major DOE contracts at both active and shuttered nuclear weapon sites.
Fluor recently elbowed its way onto the BWXT-led team that landed the potentially 15-year liquid waste cleanup contract at the Savannah River Site in Aiken, S.C., and is leading a bid for the next National Nuclear Security Administration Production Office contract: a 10-year management and operations deal that would put the company in charge of both the Pantex Site in Amarillo, Texas, and the Y-12 National Security Complex in Oak Ridge, Tenn.
Fluor was scheduled to host its third-quarter earnings call with investors on Friday.
