Fluor Corporation FLR has been benefiting from continuous contract wins over the past few months. Recently, the company’s subsidiary — Fluor Marine Propulsion LLC — has received a contract from the U.S. Navy.

This is a $1.12-billion cost-plus-fixed fee modification to a previously awarded contract to exercise the fiscal 2021 option for naval nuclear propulsion work at the Naval Nuclear Laboratory.

The contract work — which is expected to be completed by September 2021 — will be carried out in Pittsburgh, PA (48%); Schenectady, NY (42%); and Idaho Falls, ID (10%).

Fluor has been riding high on strong end-market prospects, solid backlog level and a good business portfolio mix. In March, Fluor Marine Propulsion received a $1.8-billion contract modification for work at the Naval Nuclear Laboratory. The deal is a modification to a contract awarded in July 2018 that included options that, if exercised, would bring the total value of the same to $13.1 billion. The scope of the contract includes work on naval nuclear propulsion technology, including research, design, construction, testing, operation, maintenance and ultimate disposition to support operation of the country’s aircraft carrier fleets.

It has a solid track record of receiving awards, and management remains optimistic about continuation of this trend in the future as well, which is expected to drive growth. Recently, the company filed an annual report on Form 10-K for 2019. Full-year new awards from continuing operations and government were $12.6 billion, and ending consolidated backlog was $31.9 billion, which hints at further growth. Fluor, being an industry leader in nuclear remediation at government facilities throughout the United States, is expected to benefit from rising demand for energy across the globe.

Meanwhile, the company’s market diversity remains a key strength that helps it mitigate the cyclicality of markets in which it operates. The company’s

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LOS ANGELES, Sept. 29, 2020 /PRNewswire/ — Park Place Payments, the only women founded and run payment processing company, is named the Most Client-Centric Payments Services Provider – USA by the Worldwide Finance Awards, which honors achievements of those thriving in the current climate.

“When I founded Park Place, I listened carefully to what merchants wanted and designed the company to meet those needs,” said Samantha Ettus, Founder and CEO of Park Place Payments. “Our salesforce and service differentiate us. We are thrilled by this award not only because we have been recognized for our core competency, but because it also demonstrates that the industry has recognized that it’s time for change.”

An industry first, Park Place is tackling two pain points. It has created a financial services career path within direct sales for those who have been sidelined in their careers and its leadership team is transforming a stagnant $8B payment processing industry plagued by massive churn, dated technology and a lack of pricing transparency.

Park Place Payments is reducing costs for small to medium businesses while offering them concierge level customer service without the concierge price tag. At the same time, it is creating income opportunities for sidelined populations who have strong local relationships. The community-driven model trains its Account Executives to sell financial services to local businesses, offering better rates and service. In turn, this motivated group is now earning recurring revenue to put back into the local economy.

About Park Place Payments
Park Place Payments is a salesforce as a solution fintech that is revolutionizing the ripe-for-disruption payments and credit card processing industry. The trusted team, technology, service, and transparent pricing model is unparalleled. Park Place