BWXT - BWX Technologies picks up big DoE contract win up to $45B over 10 years

2023-04-13 14:18:35 ET

BWX Technologies ( NYSE: BWXT ) +1.1% to a new 52-week high in Thursday's trading after the U.S. Department of Energy awarded the contract for the Hanford Integrated Tank Disposition to a partnership consisting of BWXT Technical Services Group, Fluor Federal Services ( NYSE: FLR ) and Amentum Environment & Energy.

The indefinite delivery indefinite quantity contract will have a maximum value of $45B over a 10-year ordering period, according to the DoE .

The scope of work will include operation of tank farm facilities, including single-shell tank waste retrieval and closure; design, construction and operation of waste receiving facilities and treatment capabilities; operation of the Waste Treatment and Immobilization Plant; and other core functions.

Earlier this week, BWX Technologies ( BWXT ) secured a $428M contract from the National Nuclear Security Administration to purify and convert highly enriched uranium .

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