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

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 (NYSE:BWXT) with Fluor Corp (NYSE: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.

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