BWXT-Led Team Awarded $4.7 Billion Contract For DOE’s Savannah River Site Liquid Waste Services
A team led by a subsidiary of BWX Technologies, Inc. (NYSE:BWXT) has
been awarded an approximately $4.7 billion contract to provide liquid
waste services at the U.S. Department of Energy’s (DOE) Savannah River
Site.
Savannah River EcoManagement, LLC (SRE) comprises BWXT Technical
Services Group, Inc., Bechtel National, Inc. and Honeywell
International, Inc.
“BWXT and its partners are extremely pleased to have been chosen by the
DOE to execute this mission-critical program,” said Rex D. Geveden,
BWXT’s President and Chief Executive Officer.
The liquid waste services include, but are not limited to: operations of
existing radioactive liquid waste facilities for storage, treatment,
stabilization, and disposal of waste; waste removal from tanks and tank
closures; construction of additional saltstone disposal units; operation
of the Salt Waste Processing Facility after facility commissioning,
startup, and one year of operation; and liquid waste program and
regulatory support.
The total estimated value of the contract is approximately $4.7 billion.
The period of performance includes a base period of seven years
(including a transition period of 90 days) and an option period of three
years.
More information is available from the U.S. Department of Energy’s
Office of Environmental Management at https://energy.gov/em/articles/doe-awards-contract-savannah-river-site-liquid-waste-services.
Forward Looking Statements
BWXT cautions that this
release contains forward-looking statements, including statements
relating to the performance, timing and value, to the extent contract
value can be viewed as an indicator of future income, of the Savannah
River Site contract and options. These forward-looking statements
involve a number of risks and uncertainties, including, among other
things, delays in the commencement of the contract and modification or
termination of the contract. If one or more of these or other
risks materialize, actual results may vary materially from those
expressed in this release. For a more complete discussion of
these and other risk factors, see BWXT’s annual report on Form 10-K for
the year ended December 31, 2016 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
Headquartered in Lynchburg, Va., BWX
Technologies, Inc. (NYSE:BWXT) is a leading supplier of nuclear
components and fuel to the U.S. government; provides technical and
management services to support the U.S. government in the operation of
complex facilities and environmental remediation activities; and
supplies precision manufactured components, services and fuel for the
commercial nuclear power industry. With approximately 6,000 employees,
BWXT has nine 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 two NASA facilities. Follow us on
Twitter @BWXTech and learn more at www.bwxt.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171013005596/en/
Copyright Business Wire 2017
Source: Business Wire
(October 13, 2017 - 2:00 PM EDT)
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