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Stock impact report

Fluor Joint Venture Awarded U.S. Department of Energy Hanford Integrated Tank Disposition Contract [Yahoo! Finance]

BWX Technologies, Inc. (BWXT) 
Last bwx technologies, inc. earnings: 2/24 04:30 pm Check Earnings Report
US:NYSE Investor Relations: investors.bwxt.com
Company Research Source: Yahoo! Finance
Department of Energy (DOE) selected Hanford Tank Waste Operations & Closure, LLC (H2C) – a joint venture led by a subsidiary of BWX Technologies, Inc., together with Fluor and Amentum – to execute the Hanford Integrated Tank Disposition Contract. The new contract has an estimated ceiling of $45 billion over a 10-year ordering period for environmental management operations at the Hanford Site in Washington state. Fluor will recognize its share of earnings from this new contract using the equity method of accounting. "We've been a proud member of the Tri-Cities community for more than 25 years, beginning with the Project Hanford Management Contract in 1996 through to our role today on the Central Plateau Cleanup Contract," said Tom D'Agostino, Group President of Fluor's Mission Solutions business. "The scope of work under this new contract is critical to the mission of cleaning up Hanford and we are excited to begin building on the progress the tank farm facilities have already achiev Show less Read more
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