Why Shares in Fluor Corporation Soared Today

·2 min read
Why Shares in Fluor Corporation Soared Today

Shares in engineering contractor Fluor Corporation (NYSE: FLR) were up by more than 8% as of 3 p.m. Thursday. The move comes down to a significant contract win by a Fluor joint venture ahead of Fluor's third-quarter earnings announcement on Nov. 5. Digging into the deal's details: The Savannah River Mission Completion (SMRC), a joint venture of BWX Technologies (NYSE: BWXT), Fluor, and Amentum, won a 10-year environmental management contract for the Department of Energy at the Savannah River site.

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