Fluor

Fluor (United States) is the lead partner responsible for the management and operation of the US Department of Energy’s Savannah River Site and Savannah River National Laboratory, the only source of new tritium for the US nuclear arsenal.

Company profile

Fluor, based in the United States, provides complex engineering, procurement, construction, and maintenance projects for commercial and government clients. 1

 

In the year ending 31 December 2014, Fluor generated revenues of US$ 21.5 billion (€ 17.7 billion), resulting in an operating income of US$ 1.2 billion (€ 991 million) and a net income of US$ 511 million (€ 420 million). 2

Contact Information

Website: www.fluor.com
Twitter: @FluorCorp

Fluor Corporation (Headquarters)
6700 Las Colinas Blvd Irving, TX 75039 U.S.A.
+1.469.398.7000

Nuclear weapons

Fluor is the lead partner in Savannah River Nuclear Solutions (SRNS), a joint venture with Honeywell and Newport News Nuclear (part of Huntington Ingalls). 3 SRNS is responsible for the management and operation of the Department of Energy’s Savannah River Site and Savannah River National Laboratory in South Carolina under a US$ 4 billion (€ 2.7 billion) five-year contract until 2013. The Department of Energy prolonged the contract in September 2012 until September 2016. The extension brings the total value of the SRNS contract to approximately US$ 8 billion (€ 5.4 billion). 4

SRNS is responsible for site management and operation, environmental management, management of the nuclear arsenal, the removal of excess nuclear materials, and environmental services. The Tritium Extraction Facility at the Savannah River Site is the only source of new tritium for the US nuclear stock. Tritium, a radioactive form of hydrogen (also called “super heavy water”), is essential for the continued operation of the US nuclear arsenal. 5

Investors

The following financial institutions have made approximately USD 13,111 million available to this producer since January 2012.

  • Ackermans & van Haaren (Belgium)
  • Allianz (Germany)
  • Allstate (United States)
  • American Financial Group (United States)
  • American International Group (AIG) (United States)
  • American National Insurance (United States)
  • American United Mutual Insurance (United States)
  • ANZ (Australia)
  • Aquiline Capital Partners (United States)
  • Artisan Partners (United States)
  • Auto-Owners Insurance (United States)
  • Bank of America (United States)
  • Bank of New York Mellon (United States)
  • Barclays (United Kingdom)
  • Beck, Mack & Oliver (United States)
  • Bessemer Group (United States)
  • BlackRock (United States)
  • BNP Paribas (France)
  • Citadel (United States)
  • Citigroup (United States)
  • Crédit Agricole (France)
  • Deutsche Bank (Germany)
  • Edmond de Rothschild (Switzerland)
  • Gandhara Capital Management (United Kingdom)
  • Geode Capital Management (United States)

  • Goldman Sachs (United States)
  • Gotham Asset Management (United States)
  • Guggenheim Capital (United States)
  • HGK Asset Management (United States)
  • HSBC (United Kingdom)
  • ING Group (Netherlands)
  • Intesa Sanpaolo (Italy)
  • Invesco (United States)
  • JPMorgan Chase (United States)
  • Knights of Columbus (United States)
  • Legal & General (United Kingdom)
  • Legg Mason (United States)
  • Letko Brosseau & Associates (Canada)
  • Lloyds Banking Group (United Kingdom)
  • Loews Corporation (United States)
  • Mitsubishi UFJ Financial (Japan)
  • Mizuho Financial (Japan)
  • Modern Woodmen of America (United States)
  • Morgan Stanley (United States)
  • National Western Life Insurance Company (United States)
  • Northern Trust (United States)
  • Norwegian Government Pension Fund (Norway)
  • Old Republic International (United States)
  • Orix Corporation (Japan)

  • Pacific Century Group (China)
  • Pacific Mutual (United States)
  • Power Financial Corporation (Canada)
  • Prudential Financial (US) (United States)
  • Regions Financial (United States)
  • Royal Bank of Canada (Canada)
  • Santander (Spain)
  • Scotiabank (Canada)
  • StanCorp Financial (United States)
  • Standard Chartered (United Kingdom)
  • State Farm (United States)
  • State Street (United States)
  • Sumitomo Mitsui Financial (Japan)
  • Sun Life Financial (Canada)
  • TIAA-CREF (United States)
  • Travelers (United States)
  • Two Sigma Investments (United States)
  • UBS (Switzerland)
  • United Fire Group (United States)
  • US Bancorp (United States)
  • USAA Investment Management Company (United States)
  • Vanguard (United States)
  • Wedge Capital Management (United States)
  • Wells Fargo (United States)
  • Woodmen of the World Life Insurance Society (United States)

This page was last updated 29 October 2015.

Notes

  1. Fluor, “Business Segments”, Website Fluor (www.fluor.com/business_segments/Pages/default.aspx), viewed May 2015.
  2. Fluor, “Annual Report 2014”, Fluor, February 2015.
  3. SRNS, “Our parent companies”, Website SRNS (www.savannahrivernuclearsolutions.com/about/parent.htm), viewed May 2015.
  4. Huntington Ingalls, “Annual Report 2014 ”, Huntington Ingalls, February 2015;
    US Department of Energy, “DOE to Extend Savannah River Nuclear Solutions Contract at Savannah River Site to September 2016”, US Department of Energy, 6 September 2012 (energy.gov/em/articles/doe-extend-savannah-river-nuclear-solutions-contract-savannah-river).
  5. Fluor, “USDOE Savannah River Nuclear Site Management & Operations”, Website Fluor (www.fluor.com/projects/savannah-river-nuclear-management-operations), viewed May 2015;
    SRNS, “Defense Programs”, Website Savannah River Nuclear Solutions (www.savannahrivernuclearsolutions.com/programs/def_prgms01.htm), viewed May 2015.

Producers

In some nuclear-armed states – in particular the United States, the United Kingdom and France – private companies are hired by governments to carry out work on maintaining and modernising nuclear arsenals. This report looks at companies that are providing the necessary components to develop, test, maintain and modernise nuclear weapons.The contracts these companies have with nuclear armed countries are for materials and services to keep nuclear weapons in their arsenals. The companies described are substantially involved in the nuclear weapons programmes of the United States, the United Kingdom, France, or India and are themselves based in France, India, Italy, the Netherlands, the United Kingdom and the United States.

In other nuclear-armed countries –Russia, China, Pakistan and North Korea – the maintenance and modernization of nuclear forces is carried out primarily or exclusively by government agencies.

Methodology

The nuclear weapon producers identified were selected on the basis of a predetermined set of criteria.
– Information on investments is publicly available.
– The company is directly involved in the development, testing, production, maintenance or trade of nuclear weapons related technology, parts, products or services.
– The company’s involvement is related to warheads, or to delivery systems such as missiles, that are specifically developed for nuclear tasks. This includes technology that is designed for ‘dual use’ (military and civilian) but excludes technology that is not designed for, but can be used in nuclear warfare. It does not include delivery platforms such as bombers and submarines.

State owned or controlled nuclear industries are outside the scope of this research, as are companies not publicly listed. Our research uncovered a number of Universities involved in nuclear weapons programmes, but these are also outside the scope of the report.

The list of nuclear weapon producers investigated was compiled through a wide variety of sources, including financial institution exclusion lists, civil society reports, media reports, etc. Additional details on the contracts and components can be found in the Annex. We welcome information at any time about possible nuclear weapons producing companies to investigate.