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
07/31/201408:27:45Balfour Ends Carillion Merger Talks Over Parsons Brinckerhoff...
11/15/201309:03:09Chilton Investment Co. 3Q 13F: Largest Sales
11/15/201309:03:09Chilton Investment Co. 3Q 13F: Holdings As Of Sep 30
11/15/201309:03:09Chilton Investment Co. 3Q 13F: Holdings As Of Sep -2-
11/15/201308:27:55S.A.C. Capital Advisors LP 3Q 13F: Largest Eliminations
11/15/201308:27:52S.A.C. Capital Advisors LP 3Q 13F: Largest Purchases
11/15/201308:27:52S.A.C. Capital Advisors LP 3Q 13F: Largest Sales
11/15/201308:27:52S.A.C. Capital Advisors LP 3Q 13F: Largest -2-
11/15/201307:59:25Soros Fund Management 3Q 13F: Largest Purchases
11/15/201307:59:24Soros Fund Management 3Q 13F: Holdings As Of Sep 30
11/15/201307:59:24Soros Fund Management 3Q 13F: Holdings As Of Sep -2-
04/02/201309:18:31U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
09/23/201221:05:10NRW Holdings Says Scope of Port Hedland Inner Harbor Project...
08/03/201209:31:12US HOT STOCK FUTURES: HOT STOCKS TO WATCH
05/03/201217:25:58Fluor 1Q Profit Rose 11% Amid Revenue Growth; Orders, Backlog...
05/03/201209:23:54Reliance Industries Selects Fluor To Manage Some Expansion Projects
03/18/201209:22:13UK Starts Privatization Of Defence Procurement Arm - Newspaper
03/14/201209:18:17Tenet Healthcare CFO To Resign; Succeed Retiring Fluor Finance...
03/05/201203:53:11Saudi Maaden Awards $1.5 Billion Contract To Hyundai E&C To Build...
02/22/201217:08:19Fluor 4Q Net Up 31% As Revenue Rises

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