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BWXT secures DOE contract for Hanford Site cleanup

EditorLina Guerrero
Published 03/04/2024, 04:56 PM
© Reuters.

LYNCHBURG - BWX Technologies, Inc. (NYSE: NYSE:BWXT) has been awarded a contract by the U.S. Department of Energy (DOE) to manage environmental restoration at the Hanford Site in Washington. The contract, with Hanford Integrated Tank Disposition Contract (ITDC), is valued at up to $45 billion over a 10-year period.

The DOE selected the joint venture Hanford Tank Waste Operations & Closure, LLC (H2C), led by a BWXT subsidiary, alongside Amentum and Fluor (NYSE:FLR) subsidiaries, to undertake the project. The ITDC's scope includes the operation of Hanford tank farm facilities, future operation of the Waste Treatment and Immobilization Plant, and responsibilities for project management, security, emergency services, business performance, and environment, safety, health, and quality.

Rex Geveden, president and chief executive officer of BWXT, expressed the company's commitment to leveraging technical capabilities at high-consequence environmental restoration sites. Heatherly Dukes, president of BWXT's Technical Services Group, highlighted the team's dedication to safely reducing environmental liabilities at the Hanford Site.

The DOE's cleanup initiative at the Hanford Site represents a significant public works project, addressing the legacy of over 40 years of plutonium production which continued through the 1980s. The federal government is now transitioning the site to treat tank waste from that era.

BWXT's forward-looking statements caution that the contract's performance, timing, impact, and value may be subject to risks and uncertainties, such as contract modification, termination, or delays.

Based in Lynchburg, Virginia, BWXT is recognized as a top manufacturing and engineering innovator, focusing on nuclear solutions for security, clean energy, environmental restoration, nuclear medicine, and space exploration. The company employs approximately 7,800 personnel across major operating sites in the U.S., Canada, and the U.K., with joint ventures managing DOE and NASA facilities.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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