Monitor future option exercises and any follow-on modifications to this contract, as the DOE's continued funding signals strong program demand. The backlog increase supports revenue visibility for the next 12-18 months.
Price Chart
Executive Summary
Fluor Marine Propulsion, LLC (a subsidiary of Fluor Corp) received a $372.5M contract modification from the Department of Energy, increasing total contract funding from $5.84B to $6.31B for an option term. This represents approximately 2.2% of Fluor's annualized revenue of $17.3B, a notable but not transformative addition to backlog.
Key Financial Metrics
Key Facts
- Modification P00151 to contract 89233018CNR000004 increases funding by $372,532,961.92
- Total contract funding raised from $5,844,462,672.01 to $6,313,876,822.05
- Awarding agency is the Department of Energy
- Modification is for an option term, indicating continued government commitment
- Award represents ~2.2% of Fluor's $17.3B annualized revenue
Financial Impact
$372.5M modification, ~2.2% of annualized revenue
Risk Factors
- Government funding risk from continuing resolutions or sequestration
- Execution risk on large-scale DOE projects
- Potential margin pressure if cost overruns occur on fixed-price elements
Investment Themes
Documents Analyzed
This report is based on 1 federal contract record from official U.S. government contract data.
| Document | Accession Number |
|---|---|
| GOVT-CONTRACT Data (Synthetic) | contract-89233018CNR000004 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | GOVT-CONTRACT | — | awaiting T+1 | — | — |
Oct 21, 2026 5d ago | GOVT-CONTRACT | $43.42 $44.05 | ▲ +1.45% | ▲ +1.97% | $44.87 (+3.34%) |
Sep 11, 2026 6w ago | GOVT-CONTRACT | $53.51 $54.04 | ▲ +0.99% | ▲ +1.45% | $44.87 (−16.15%) |
Sep 5, 2026 7w ago | GOVT-CONTRACT | $56.62 $54.83 | ▼ −3.16% | ▼ −2.70% | $44.87 (−20.75%) |
Aug 13, 2026 10w ago | Institutional Cluster | $52.33 $52.37 | ▲ +0.08% | ▲ +0.27% | $44.87 (−14.26%) |
Aug 7, 2026 11w ago | 8-K | $57.00 $52.25 | ▼ −8.33% | ▼ −8.30% | $44.87 (−21.28%) |
Aug 4, 2026 11w ago | 8-K | $50.42 $48.75 | ▼ −3.31% | ▼ −3.15% | $44.87 (−11.01%) |
Jun 30, 2026 16w ago | GOVT-CONTRACT | $50.35 $49.45 | ▼ −1.79% | ▼ −1.66% | $44.87 (−10.88%) |
May 8, 2026 24w ago | 8-K | $43.31 $43.69 | ▼ −0.88% | ▼ −0.65% | $44.87 (−3.60%) |
Apr 30, 2026 25w ago | 8-K | $53.00 $52.49 | ▼ −0.96% | ▼ −0.62% | $44.87 (−15.34%) |
US Market Status
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