FLR - Engineering & Construction Firm Flour Bags Contract Extension From US Government For Naval Nuclear Laboratory | Benzinga
Fluor Corp (NYSE: FLR) owned special purpose entity, Fluor Marine Propulsion, LLC, attained a five-year extension for the U.S. Department of Energy's National Nuclear Security Administration (NNSA) contract.
The contract, originally won in 2018, had a five-year base performance period with a five-year extension option.
At par with the original contract, FLR will recognize all fees earned with this new extension as equity income.
The contract, ...