Fluor (NYSE: FLR) has won a potential eight-year, $495 million contract from the U.S. Navy to provide base area support services at Joint Region Marianas in Guam.
The Naval Facilities Engineering Command in Hawaii awarded the cost-plus-award-fee contract that covers general base support, port operations, ordnance, facility investment, administration and material and facility management, Fluor said Wednesday.
Tom D™Agostino, president of Fluor™s government group, said the contract award seeks to reflect the company™s strategy to expand its presence in the Asia-Pacific region and commitment to support the U.S. government.
The service branch received eight proposals for the contract that is a re-award as a result of a corrective action in relation to a protest filed with the Government Accountability Office, the Defense Department said in a Sept. 21 news release.
The contract has a one-year base period worth approximately $38.3 million, four option years, three award option years and a six-month services extension and also covers environmental support, electrical services and base support vehicles and equipment.
Work will occur in various sites in Guam through September 2025.
