FLR News & Events

Fluor was awarded a $1.03B cost-plus-fixed-fee modification to previously awarded contract for naval nuclear propulsion work at the Naval Nuclear Laboratory. Naval Sea Systems Command is the contracting activity.

Kicking off the month of June, the markets continue to balance tensions in the Strait of Hormuz against the runaway AI capex build-out cycle propping up Semiconductor, Infrastructure Software, SaaS, and Memory names across the board.   Iran has threatened to pull out of negotiations due to persistent tensions between Israel and Lebanon, though US President Trump deflected those statements by indicating that talks continue at a "rapid pace".   Energy stocks were still notably higher today, with the WTI crude oil contract back above $92 per barrel.  In totality, while only two S&P 500 sectors - Energy and Tech - ended the day in green, that was enough for a positive print in US indices on Monday.In the opening hour of the evening session, the markets are seeing a modest retreat - S&P E-Mini's are down 0.2% and NASDAQ 100 futures are off by 0.3%, despite another shocker of an earnings from the AI universe in the form of a blowout report and massive guidance increase from HP Enterprise.  WTI crude oil is up marginally, trading above $92 per barrel.  In other commodities, copper remains firm at 2-week highs above $6.50 per pound.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -HPEup 27.8%ALSO HIGHER -Microchip Technologyup 11.2% after FY26 data center solution revenue pre-announcementFluorup 3.9% after announcing JV receives limited notice to proceed for Canada facility expansionDOWN AFTER EARNINGS -Credo Technologydown 11.4%Praxis Precision Medicinesdown 11.1% as POWER1 study misses endpoint

Fluor (FLR) announced that its JGC Fluor BC LNG II joint venture with JGC Corporation has received limited notice to proceed for the proposed Phase 2 expansion of the LNG Canada export facility in Kitimat, British Columbia, Canada. "Our long-standing partnership with LNG Canada is a point of pride for us, and we look forward to advancing the next phase of this world-class project to help connect Canadian natural gas to global markets," said Pierre Bechelany, Fluor's Business Group President of Energy Solutions. "The LNTP enables us to initiate early planning and move forward with key activities to support a proposed Phase 2 final investment decision by LNG Canada." LNG Canada is a joint venture comprised of Shell (SHEL), PETRONAS, PetroChina (PCCYF), Mitsubishi Corporation (MSBHF) and KOGAS.