Energy Net
IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE:FLR) announced today that the Department of Energy (DOE) confirmed its January 2008 selection of Savannah River Nuclear Solutions, LLC, a Fluor-led team, as the winning bidder for the management and operating (M&O) contract at the Savannah River Site near Aiken, S.C. The estimated $4 billion contract is over a five-year period. Additionally, there are five, one-year renewal options bringing the potential total contract value to $8 billion. To date, no specific contract amounts have been booked into Fluor’s backlog. Fluor expects to start booking earnings from the M&O contract into backlog in the third quarter of 2008.
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