BWXT, Fluor JV Secures $21B Environmental Management Contract For DOE's Savannah River Site

U.S. Department of Energy (DOE) has selected Savannah River Mission Completion, LLC (SRMC), a joint venture led by a subsidiary of BWX Technologies Inc BWXT with Fluor Corp FLR and Amentum, to execute the Savannah River Site (SRS) Integrated Mission Completion Contract.
The single IDIQ contract is valued at up to $21 billion over a 10-year ordering period of performance.
The contract’s scope of work includes liquid waste stabilization and disposition, potentially nuclear materials management and stabilization, and other requirements.
SRS is a 310-square-mile site encompassing parts of Aiken, Barnwell, and Allendale counties in South Carolina and is bordered on the west by the Savannah River and Georgia.
Price Action: FLR shares closed higher by 9.09% at $19.81, while BWXT closed up by 2.00% at $57 on Thursday.