ADVFN - Advanced Financial Network.
HOME» NYSE » F » FLR Stock Price » FLR Stock News

Fluor Share News

 Fluor (new) Stock Price
FLR Stock Price
 Fluor (new) Stock Chart
FLR Stock Chart
 Fluor (new) Stock News
FLR Stock News
 Fluor (new) Company Information
FLR Company Information
 Fluor (new) Stock Trades
FLR Stock Trades

UK Starts Privatization Of Defence Procurement Arm - Newspaper

LONDON -(Dow Jones)- The starting gun has been fired on a potential privatisation of the Ministry of Defence's procurement arm as the government seeks to rein in spending, the Sunday Times reports without citing sources. Philip Hammond, the defence secretary, has invited about 15 companies - including arms manufacturers, accountants and outsourcers - to take part in a consultation that is expected to lead to a radical shake-up, the paper says. The Bristol-based organisation employs 20,000 people and has an annual budget of GBP14 billion. It orders military kit, such as fighter jets, armoured vehicles, weapons and satellite communications, but has been accused of wasteful spending. Hammond will canvas opinion over the next few months on three options he is considering to restructure the Defence Equipment and Support arm. The options being considered include selling the procurement arm completely to a private owner, setting up a joint venture to run the business with an outside partner or leaving it as it is with minor changes to the way it is run, the paper says. It says Hammond has asked engineering outsourcers such as Serco Group PLC (SRP.LN) and Babcock International Group (BAB.LN), as well as Deloitte and KPMG, U.S. Bechtel Group and Fluor Corp. (FLR), the American project management giants, and BAE Systems PLC (BAESY) to take part in the consultation. The government hopes to start the bid process to find a partner in the summer, and to have a preferred bidder in place by the autumn, it adds. A spokesman for the British Ministry of Defence couldn't be immediately reached for comment. Newspaper Web site: http://www.timesonline.co.uk -London Bureau, Dow Jones Newswires; +44 (0)20 7842 9320

Stock News for Fluor (FLR)
DateTimeHeadline
05/28/201516:09:00Fluor-Led Joint Venture Selected as Preferred Bidder for Bergstrom...
05/28/201509:00:00Fluor to Present at Credit Suisse Engineering & Construction...
05/27/201502:20:00Fluor fête la cérémonie de lancement de projet pour l’usine de f...
05/26/201516:48:00Fluor Celebrates Project Initiation Ceremony of Hexcel’s Carbon F...
05/20/201512:15:10What Is the S&P 500 Index?
05/11/201517:01:58Statement of Changes in Beneficial Ownership (4)
05/11/201517:01:31Statement of Changes in Beneficial Ownership (4)
05/11/201516:59:23Statement of Changes in Beneficial Ownership (4)
05/11/201516:58:04Statement of Changes in Beneficial Ownership (4)
05/11/201514:13:06Statement of Changes in Beneficial Ownership (4)
05/08/201506:22:00Consórcio Fluor obtém contrato de engenharia, aquisição e con...
05/07/201517:00:00Fluor Consortium Awarded Engineering, Procurement and Construction...
05/05/201518:24:34Statement of Changes in Beneficial Ownership (4)
05/05/201517:53:40Statement of Changes in Beneficial Ownership (4)
05/05/201517:50:12Statement of Changes in Beneficial Ownership (4)
05/05/201517:44:48Statement of Changes in Beneficial Ownership (4)
05/05/201517:42:13Statement of Changes in Beneficial Ownership (4)
05/05/201517:38:11Statement of Changes in Beneficial Ownership (4)
05/05/201517:35:28Statement of Changes in Beneficial Ownership (4)
05/05/201517:32:52Statement of Changes in Beneficial Ownership (4)

Fluor and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad