Fluor Joint Venture Awarded U.S. Department of Energy Hanford Integrated Tank Disposition Contract
07 Marzo 2024 - 10:01PM
Business Wire
Fluor Corporation (NYSE: FLR) announced today that the U.S.
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.
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Aerial view of the Hanford Site in
Washington state. (Photo: Business Wire)
“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 achieved in removing and processing tank
waste. We look forward to supporting the DOE and other site
contractors in this effort and in working with the community.”
The contract scope includes the operation of the Hanford tank
farm facilities, eventual operation of the Waste Treatment and
Immobilization Plant, and responsibility for other core functions
such as project management; security and emergency services;
business performance; and environment, safety, health and
quality.
The DOE is engaged in one of the great public works projects of
this century at the Hanford Site. Responsible for the federal
government’s cleanup of more than 40 years of producing plutonium
through the 1980s, the DOE is transforming the site back into an
operations mode to treat tank waste from the production era.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is building a better world by
applying world-class expertise to solve its clients’ greatest
challenges. Fluor’s 30,000 employees provide professional and
technical solutions that deliver safe, well-executed,
capital-efficient projects to clients around the world. Fluor had
revenue of $15.5 billion in 2023 and is ranked 303 among the
Fortune 500 companies. With headquarters in Irving, Texas, Fluor
has provided engineering, procurement and construction services for
more than 110 years. For more information, please visit
www.fluor.com or follow Fluor on Facebook, LinkedIn, X and
YouTube.
#MissionSolutions
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Brett Turner Media Relations 864.281.6976
Jason Landkamer Investor Relations 469.398.7222
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