BWXT-Led Team Receives $13 Billion Award for DOE’s Hanford Tank Closure Contract
BWX Technologies, Inc. (BWXT)
Last bwx technologies, inc. earnings: 2/24 04:30 pm
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Source: Business Wire
LYNCHBURG, Va.--(BUSINESS WIRE)--A team led by a subsidiary of BWX Technologies, Inc. (NYSE: BWXT) has been awarded the Tank Closure Contract (TCC) at the U.S. Department of Energy’s (DOE) Hanford Site. The total estimated value of the contract is up to approximately $13 billion over a 10-year period.The DOE announced the award of the contract to Hanford Works Restoration, LLC (HWR), which is a joint venture within BWXT and Fluor Corporation. The team includes two pre-selected small businesses, DBD and INTERA, who provide specialized modeling and regulatory expertise, respectively.“This contract award demonstrates that BWXT’s nuclear operations and waste management capabilities are key differentiators for Hanford’s programs that are of critical importance to the nation and the State of Washington,” said Rex D. Geveden, BWXT’s president and chief executive officer. “Along with Fluor and our teaming subcontractors, we look forward to getting results under the DOE’s end state contrac
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