Benzinga | Aug 2, 2021 02:37PM EDT

Fluor Bags Position On Seaport Next Generation Multiple-Award Contract

* Fluor Corp (NYSE:FLR) has been selected by the U.S. Navy's Naval Sea Systems Command for a 7½-year position on the SeaPort Next Generation (SeaPort NxG) IDIQ multiple-award contract.

* As a company selected for SeaPort NxG, Fluor is now eligible to compete for task orders across 23 functional areas, including engineering, financial management, and program management.

* The government estimates services procured through the task orders will total approximately $5 billion annually.

* Price action: FLR shares traded higher by 1.20% at $16.86 on the last check Monday.