Fluor Bags Position On Seaport Next Generation Multiple-Award Contract

Fluor Corp (NYSE:FLR) has been selected by the U.S. Navy's Naval Sea Systems Command for a 7½-year position on the SeaPort Next Generation (SeaPort NxG) IDIQ multiple-award contract.
As a company selected for SeaPort NxG, Fluor is now eligible to compete for task orders across 23 functional areas, including engineering, financial management, and program management.
The government estimates services procured through the task orders will total approximately $5 billion annually.
Price action: FLR shares traded higher by 1.20% at $16.86 on the last check Monday.