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LYNCHBURG, Va .– BWX Technologies, Inc. (NYSE: BWXT) today announced a contract with an estimated cap of approximately $ 21 billion over a 10-year order period with the U.S. Department of Energy (DOE ) for environmental management operations at Savannah River Site (SRS) in South Carolina.
The DOE announced the award of the integrated mission completion contract for the Savannah River site to Savannah River Mission Completion, LLC (SRMC), which is a joint venture led by a subsidiary of BWXT and includes subsidiaries of Amentum and Fluorine. The team includes two shortlisted small companies, DBD and Wesworks (a woman-owned company), which respectively provide specialist expertise in modeling and project control.
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“This is a strategically important victory for BWXT and demonstrates our ability to tackle some of the nation’s most complex environmental challenges,” said Ken Camplin, president of BWXT’s nuclear services group. “We intend to work with our SRMC teammates, our DOE client, regulators and the community to have a significant impact on waste management at SRS for many years to come. ”
The scope of work of the contract includes the stabilization / disposal of liquid waste and potentially the management and stabilization of nuclear material, among other requirements. SRS is a 310 square mile site that encompasses parts of South Carolina’s Aiken, Barnwell, and Allendale counties and is bordered to the west by the Savannah River and Georgia.
More information is available from the DOE’s Office of Environmental Management here .
BWXT cautions that this press release contains forward-looking statements, including statements relating to performance, timing, impact and value, to the extent that the value of the contract may be taken as an indicator of future financial performance, of the award of the contract. These forward-looking statements involve a number of risks and uncertainties, including, but not limited to, contract modification or termination and delays. If one or more of these or other risks materialize, actual results may differ 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 of 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 press release, and assumes no obligation to update or revise any forward-looking statements, except to the extent required. by applicable law.
At BWX Technologies, Inc. (NYSE: BWXT), we’re strong, innovation-driven people. Based in Lynchburg, Va., BWXT is among the Fortune 1000’s Top 100 Manufacturing and Engineering Innovators and Defense News which provides safe and efficient nuclear solutions for global security, clean energy, remediation environment, nuclear medicine and space exploration. With approximately 6,700 employees, BWXT has 12 major operating sites in the United States and Canada. In addition, BWXT joint ventures manage and operate more than a dozen US Department of Energy and NASA facilities. Follow us on Twitter at @BWXT and learn more about www.bwxt.com.
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