Fluor Joint Venture Awarded U.S. Department of Energy Hanford Integrated Tank Disposition Contract

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.

“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 FacebookLinkedInX and YouTube.

Source link: https://www.businesswire.com/