BWXT Awarded $21 Billion Environmental Management Contract for DOE’s Savannah River Site
October 28 2021 - 1:00PM
Business Wire
BWX Technologies, Inc. (NYSE: BWXT) today announced a contract
with an estimated ceiling of approximately $21 billion over a
10-year ordering period from the U.S. Department of Energy (DOE)
for environmental management operations at the Savannah River Site
(SRS) in South Carolina.
The DOE announced the award of the Savannah River Site
Integrated Mission Completion Contract to Savannah River Mission
Completion, LLC (SRMC), which is a joint venture led by a BWXT
subsidiary and includes subsidiaries of Amentum and Fluor. The team
includes two pre-selected small businesses, DBD and Wesworks (a
woman-owned business), who provide specialized modeling and project
controls expertise, respectively.
“This is a strategically important win for BWXT and demonstrates
our ability to address some of the most complex environmental
challenges in the nation,” said Ken Camplin, president of BWXT’s
Nuclear Services Group. “We intend to work with our SRMC teammates,
our DOE customer, the regulatory authorities and the community in
making a significant impact on waste management at SRS for many
years to come.”
The scope of work for the contract includes liquid waste
stabilization/disposition and potentially nuclear materials
management and stabilization, among other requirements. SRS is a
310-square-mile site that encompasses parts of Aiken, Barnwell and
Allendale counties in South Carolina and is bordered on the west by
the Savannah River and Georgia.
More information is available from the DOE’s Office of
Environmental Management here.
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 financial performance, of the
contract award. These forward-looking statements involve a number
of risks and uncertainties, including, among other things,
modification or termination of the contract 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, 2020 and subsequent
quarterly reports on Form 10-Q 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
Fortune 1000 and Defense News Top 100 manufacturing and engineering
innovator that provides safe and effective nuclear solutions for
global security, clean energy, environmental remediation, nuclear
medicine and space exploration. With approximately 6,700 employees,
BWXT has 12 major operating sites in the U.S. and Canada. In
addition, BWXT joint ventures provide management and operations at
more than a dozen U.S. Department of Energy and NASA facilities.
Follow us on Twitter at @BWXT and learn more at www.bwxt.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20211028005917/en/
Media Contact Jud Simmons Director, Media & Public
Relations 434.522.6462 hjsimmons@bwxt.com
Investor Contact Mark Kratz Vice President, Investor
Relations 980.365.4300 investors@bwxt.com
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