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Fluor Joint Venture Wins $21bn Environmental Management Contract -Breaking

by Mike Robinson

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© Reuters.

Sam Boughedda 

Investing.com — Fluor stock (NYSE: ) rose 8.2% after U.S. Department of Energy picked its joint venture partner with BWX Technols Inc (NYSE,:) and AECOM Energy in order to manage a Savannah River nuclear waste contract.

This joint venture is known as Savannah River Mission Completion. This contract has a value of up to $21 Billion over ten years.

This work includes liquid waste stabilization, disposal, and management and stability radioactive material.

The SRMC team working on the contract also comprises two pre-selected small businesses—DBD and woman-owned Wesworks—that produce specialized simulation and modeling and project control expertise.

Fluor’s Mission Solutions President Tom D’Agostino said, “Fluor was a Savannah River Site Community member for thirteen years”

Fluor shares trade at around $19.65 per share by midday.

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