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# Navy Adds $2.41 Billion To Fluor Unit's Nuclear Propulsion Contract, But Only $597,900 Is Committed
- URL: https://www.bullished.co/navy-adds-2-41-billion-to-fluor-units-nuclear-propulsion-contract-but-only-597-900-is-930cf453/
- Published: 2026-10-23T21:41:13.000Z
- Updated: 2026-10-23T21:41:13.000Z
- Description: The cost-plus-fixed-fee modification covers work at the Naval Nuclear Laboratory in three states.
- Author: Matteo Parrino
- Tags: Markets, FLR, Industry: Industrials, Topic: Government Contracts

The Navy modified an existing naval nuclear propulsion contract held by Fluor Marine Propulsion with a [$2,409,077,590 cost-plus-fixed-fee modification](https://www.war.gov/News/Contracts/Contract/Article/4632813/contracts-for-oct-23-2026/?ref=bullished.co), the Department of War announced Friday. Only $597,900 was obligated when the work was awarded.

## A modification, not a new contract

The action changes a previously awarded contract, N0002418C2130, and covers Naval Nuclear Propulsion work at the Naval Nuclear Laboratory. The Department said the award date was Sept. 24, 2026\. In a cost-plus-fixed-fee deal, the government reimburses costs and adds a set fee.

The awardee is Fluor Marine Propulsion LLC of Arlington, Virginia. The Naval Sea Systems Command in Washington, D.C., is the contracting activity.

## Where the money is committed

The obligated amount at award was $597,900\. Of that, [$582,062 (97%)](https://www.war.gov/News/Contracts/Contract/Article/4632813/contracts-for-oct-23-2026/?ref=bullished.co) came from fiscal 2026 operations and maintenance (Navy) funds, and $15,838 (3%) from fiscal 2026 shipbuilding and conversion (Navy) funds.

The $15,838 in shipbuilding funds expired at the end of fiscal 2026, the Department said.

Work will be done in Pittsburgh, Pennsylvania (47%), Schenectady, New York (45%), and Idaho Falls, Idaho (8%).

## The parent's business

Fluor Marine Propulsion's parent, Fluor, provides engineering, procurement and construction and project management services. Its Mission Solutions segment handles nuclear, environmental, disaster-response and national security work for governments, according to the company's 10-K for fiscal 2025\. U.S. government agencies accounted for 17% of its 2025 revenue.

Fluor shares were at [$44.05](https://ca.finance.yahoo.com/quote/FLR/?ref=bullished.co) in the latest snapshot, taken Friday.

The Department's announcement puts the committed funds at $597,900 against a modification value of $2,409,077,590.

### Sources

- [Contracts for Oct. 23, 2026](https://www.war.gov/News/Contracts/Contract/Article/4632813/contracts-for-oct-23-2026/?ref=bullished.co) — U.S. Department of War
- [Fluor Corporation (FLR) Stock Price, News, Quote & History - Yahoo Finance](https://ca.finance.yahoo.com/quote/FLR/?ref=bullished.co) — Yahoo Finance