Fluor Corporation - FLR STOCK NEWS

Fluor Corporation (NYSE: FLR) announces the retirement of Peter J. Fluor from its Board of Directors effective May 6. Peter, the last of the Fluor family in leadership since the company's founding in 1912, has served on the board since 1984. He held various roles, including lead independent director from 2003 to 2020. CEO David Constable recognized Peter's commitment to safety, integrity, and teamwork during his tenure. Peter also leads Texas Crude Energy, LLC, and his departure marks the end of an era for Fluor Corporation's longstanding family leadership.

Fluor Corporation (NYSE: FLR) has completed the divestiture of its North American equipment and fleet services business, AMECO, to One Equity Partners for $73 million. This sale marks a crucial step in the ongoing divestiture process that began in September 2019. Previously, Fluor sold its AMECO Caribbean operations in Jamaica in August 2020 and is currently in the process of marketing its remaining AMECO South America and ServiTrade Mozambique operations. Fluor continues to collaborate with AMECO in the U.S. and Canada.

Fluor Corporation (NYSE: FLR) will conduct a conference call to discuss its Q1 2021 results on May 7, at 8:30 A.M. Eastern Time. The financial results will be released before the market opens that day. Participants can join via telephone or listen to a live webcast with slides at investor.fluor.com. A replay of the call will be available for 30 days. In 2020, Fluor reported revenue of $15.7 billion and is recognized for providing engineering, procurement, and construction services worldwide, employing around 44,000 individuals.

Fluor Corporation (NYSE: FLR) announced that its subsidiary, Stork, has secured a two-year contract with Babcock International Group for inspections, surveillance, and quality assurance services at various sites in the UK, including Babcock's Rosyth facility. The contract, valued for booking in Q1 2021, emphasizes Stork's growth in onshore markets and its commitment to operational excellence. Stork will support Babcock in meeting regulatory standards for quality over the contract duration, with operations led from its Aberdeen office.

Fluor Corporation (NYSE: FLR) has received a contract extension from the U.S. Department of Energy for decontamination and decommissioning work at the Portsmouth Gaseous Diffusion Plant in Piketon, Ohio. The contract, valued at up to $690 million, adds 12 months with two 6-month options. The project encompasses environmental remediation and facility demolition, ensuring a continuity of service crucial for the site. Fluor has managed this site for over a decade, and this extension supports ongoing progress in waste management and community outreach efforts.

Fluor Corporation (NYSE: FLR) announced that JGC Holdings Corporation invested $40 million in NuScale Power LLC, where Fluor is the majority investor. This partnership aims to meet growing demand for carbon-free energy solutions. JGC will serve as a global strategic engineering, procurement, and construction partner for new small modular reactor (SMR) projects. Fluor and NuScale are working with Utah Associated Municipal Power Systems to commercialize the world’s first carbon-free SMR project.

Fluor Corporation (NYSE: FLR) announced a 2-year contract extension for Stork, a Fluor company, by Chrysaor Holdings Limited. This agreement will provide offshore integrated specialist asset integrity services for the Armada, Everest, and Lomond platforms in the UK North Sea. Stork has been delivering asset integrity solutions to these platforms since 2014. The contract aims to enhance the life cycle of these offshore assets and support safe and efficient operations.

Fluor Corporation (NYSE: FLR) announced the opening of the new U.S. Highway 183 South in Austin, completed by its joint venture, Colorado River Constructors, with Balfour Beatty Infrastructure. The project, awarded in 2015, involved a $581 million contract to design and reconstruct 8 miles of highway. Enhancements include six new tolled lanes, five grade-separated interchanges, 38 bridges, and intelligent traffic management systems, catering to over 60,000 vehicles daily. Fluor's ongoing projects in Texas further bolster its commitment to regional infrastructure development.