BWXT-led Team Awarded $45 Billion Environmental Management Contract for DOE’s Hanford Site
04 Mars 2024 - 10:45PM
Business Wire
BWX Technologies, Inc. (NYSE: BWXT) today announced a contract
with an estimated value of up to $45 billion over a 10-year
ordering period from the U.S. Department of Energy (DOE) for
environmental management operations at the Hanford Site in
Washington.
The DOE announced that the Hanford Integrated Tank Disposition
Contract (ITDC) was awarded to Hanford Tank Waste Operations &
Closure, LLC (H2C), which is a joint venture led by a BWXT
subsidiary and includes subsidiaries of Amentum and Fluor.
“This is an important award for BWXT and represents a
significant objective as we continue to leverage our technical
capabilities on high-consequence environmental restoration sites,”
said Rex Geveden, BWXT’s president and chief executive officer. “We
are dedicated to supporting the U.S. Department of Energy’s
environmental stewardship at this site, as well as national
security and cleanup work for DOE sites across the nation.”
“Our team is both honored and appreciative that DOE has selected
us to take on the largest and most complex radioactive waste
cleanup project in the United States,” said Heatherly Dukes,
president of BWXT’s Technical Services Group. “We are committed to
working with our DOE Environmental Management customer, regulatory
authorities and the Tri-Cities community in safely reducing the
environmental liabilities at the site in an efficient and effective
manner that is protective of the workforce, the public and the
environment.”
The scope of the ITDC includes operation of 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 near Richland, Washington.
Responsible for the federal government’s cleanup of the legacy of
more than 40 years of producing plutonium through the 1980s, DOE is
transforming the site back into an operations mode to treat tank
waste from the production era. More information is available from
the DOE’s Office of Environmental Management.
Forward Looking Statements
BWXT cautions that this release contains forward-looking
statements, including statements relating to the performance,
timing, impact and value, to the extent contract value can be
viewed as an indicator of future revenues, of the ITDC, future work
at the Hanford site, and the award or exercise of any contract
options or orders. These forward-looking statements involve a
number of risks and uncertainties, including, among other things,
modification or termination of the ITDC and delays. If one or more
of these or other risks materialize, actual results may vary
materially from those expressed. For a more complete discussion of
these and other risk factors, please see BWXT’s annual report on
Form 10-K for the year ended December 31, 2023 filed with the
Securities and Exchange Commission. BWXT cautions not to place
undue reliance on these forward-looking statements, which speak
only as of the date of this release, and undertakes no obligation
to update or revise any forward-looking statement, except to the
extent required by applicable law.
About BWXT
At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong,
Innovation Driven. Headquartered in Lynchburg, Virginia, BWXT is a
Defense News Top 100 manufacturing and engineering innovator that
provides safe and effective nuclear solutions for global security,
clean energy, environmental restoration, nuclear medicine and space
exploration. With approximately 7,800 employees, BWXT has 14 major
operating sites in the U.S., Canada and the U.K. In addition, BWXT
joint ventures provide management and operations at a dozen U.S.
Department of Energy and NASA facilities. For more information,
visit www.bwxt.com. Follow us on LinkedIn, X, Facebook and
Instagram.
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Media Contact Jud Simmons Senior Director, Media &
Public Relations 434.522.6462 hjsimmons@bwxt.com
Investor Contact Chase Jacobson Vice President, Investor
Relations 980.365.4300 investors@bwxt.com
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