The U.S. Navy has awarded a $2.4 billion contract to Fluor Marine Propulsion for work at the Naval Nuclear Laboratory, according to an Oct. 23 news release.
Fluor Marine Propulsion, a subsidiary of Irving, Texas-based Fluor, received the cost-plus-fixed-fee modification for nuclear propulsion work, according to the release. The Naval Nuclear Laboratory develops advanced naval nuclear propulsion technology, the systems to power ships.
The work will take place primarily in Pittsburgh, which accounts for 47% of the contract, and Schenectady, New York, which accounts for another 45%. The remaining 8% portion will occur in Idaho Falls, Idaho.
The award comes as Fluor pursues opportunities in energy and nuclear-related markets. The company cited strengthening demand for its power, mining, nuclear fuels, life sciences and refining work, according to its second-quarter earnings call on Aug. 7.
In September, the company won a $7.5 billion contract on phase two of LNG Canada’s liquified natural gas export facility in Kitimat, British Columbia. The expansion will add two liquefaction units, ultimately doubling the production capacity of the facility.
The win follows up on Fluor’s progress on a $5 billion aluminum recycling plant in Bay Minette, Alabama. Novelis, a manufacturing company which selected Fluor to provide EPC management services on the project, expects construction to complete later this year.
Fluor reports its third-quarter earnings call on Nov. 6.