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Irving-based Fluor Gets $1.16b Contract Extension For Navy Nuclear Propulsion Work

When you think of Irving, you probably don’t think “submarines.” Well, you should start. Irving is home to the headquarters of Fluor, whose subsidiary Fluor Marine Propulsion just got a $1.16 billion, one-year extension to work on U.S. Navy nuclear propulsion technology.

The work will be performed at Navy Nuclear Laboratory sites in New York, Pennsylvania, and Idaho.

Along with Fluor’s base contract from 2018, the contracts have an original potential value of $30 billion over 10 years. Fluor won the initial base Navy contract in a joint Department of Energy and Department of Navy competition.

The contract is part of a joint program—Naval Reactors—overseen by the Department of Energy’s National Nuclear Security Administration and the Department of the Navy. Details are top secret, of course. (A couple in Maryland face life in prison for trying to sell sub designs in October.)

Fluor had $14.2B in revenue in 2020
Fluor—which has provided engineering, procurement, and construction services for more than 100 years—has 44,000 employees and is ranked 196 in the Fortune 500. Its 2020 revenue totaled $14.2 billion.

Naval Nuclear Lab is ‘solely dedicated’ to the propulsion program
The Naval Nuclear Laboratory develops advanced naval nuclear propulsion technology, provides technical support, and trains nuclear operators for America’s submarine and aircraft carrier fleets. Fluor says the NNL is “solely dedicated” to the Nuclear Propulsion Program and has a team of nearly 8,000 engineers, scientists, technicians, and support personnel.

Presented by Dallas Innovates.

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