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BWXT-Led Team Awarded $3 Billion Cleanup Contract for Department of Energy’s West Valley Demonstration Project

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BWX Technologies (BWXT) has been awarded a Phase 1B contract through its joint venture, West Valley Cleanup Alliance (WVCA), for cleanup operations at the West Valley Demonstration Project in New York. The contract, valued at up to $3.0 billion, has a 10-year ordering period extendable to 15 years. WVCA, led by BWXT Technical Services Group and including Jacobs Technology and Geosyntec Consultants, will handle demolition, deactivation, soil remediation, waste management, security, and environmental monitoring at the 150-acre site. The project involves cleaning up the former commercial spent nuclear fuel reprocessing facility that operated from 1963 to 1972, processing 640 metric tons of spent nuclear fuel.

BWX Technologies (BWXT) ha ottenuto un contratto di Fase 1B attraverso la sua joint venture, West Valley Cleanup Alliance (WVCA), per le operazioni di bonifica al West Valley Demonstration Project nello stato di New York. Il contratto, del valore massimo di $3,0 miliardi, ha un periodo di ordinazione di 10 anni estensibile fino a 15 anni. La WVCA, guidata dal gruppo BWXT Technical Services e comprendente Jacobs Technology e Geosyntec Consultants, si occuperà di demolizioni, disattivazioni, bonifica del suolo, gestione dei rifiuti, sicurezza e monitoraggio ambientale nel sito di 150 acri. Il progetto prevede la bonifica dell'ex impianto commerciale di riprocessamento del combustibile nucleare esausto, attivo dal 1963 al 1972, che ha trattato 640 tonnellate metriche di combustibile nucleare esausto.

BWX Technologies (BWXT) ha sido adjudicado un contrato de Fase 1B a través de su empresa conjunta, West Valley Cleanup Alliance (WVCA), para las operaciones de limpieza en el West Valley Demonstration Project en Nueva York. El contrato, valorado en hasta $3.0 mil millones, tiene un período de pedido de 10 años ampliable a 15 años. WVCA, dirigida por BWXT Technical Services Group e incluyendo a Jacobs Technology y Geosyntec Consultants, se encargará de la demolición, desactivación, remediación del suelo, gestión de residuos, seguridad y monitoreo ambiental en el sitio de 150 acres. El proyecto implica la limpieza de la antigua instalación comercial de reprocesamiento de combustible nuclear gastado que operó desde 1963 hasta 1972, procesando 640 toneladas métricas de combustible nuclear gastado.

BWX Technologies (BWXT)는 공동 투자 회사인 West Valley Cleanup Alliance (WVCA)를 통해 뉴욕의 West Valley Demonstration Project에서 정화 작업을 위한 1B 단계 계약을 수주했습니다. 이 계약은 최대 $30억 가치로, 10년의 주문 기간이 있으며 최대 15년까지 연장될 수 있습니다. BWXT 기술 서비스 그룹이 주도하고 Jacobs Technology 및 Geosyntec Consultants가 포함된 WVCA는 150에이커 사이트에서 철거, 비활성화, 토양 정화, 폐기물 관리, 보안 및 환경 모니터링을 담당할 것입니다. 이 프로젝트는 1963년부터 1972년까지 운영되었던 상업용 사용후 핵연료 재처리 시설을 정화하는 작업을 포함하며, 이 시설은 640미터 톤의 사용후 핵연료를 처리했습니다.

BWX Technologies (BWXT) a remporté un contrat de phase 1B par l'intermédiaire de sa coentreprise, la West Valley Cleanup Alliance (WVCA), pour des opérations de nettoyage au West Valley Demonstration Project dans l'État de New York. Le contrat, d'une valeur allant jusqu'à 3,0 milliards de dollars, prévoit une période de commande de 10 ans, pouvant être prolongée jusqu'à 15 ans. La WVCA, dirigée par le groupe BWXT Technical Services et comprenant Jacobs Technology et Geosyntec Consultants, s'occupera de la démolition, de la désactivation, de la réhabilitation des sols, de la gestion des déchets, de la sécurité et du suivi environnemental sur le site de 150 acres. Le projet implique le nettoyage de l'ancienne installation commerciale de reprocessement de combustible nucléaire usagé, qui a fonctionné de 1963 à 1972 et a traité 640 tonnes métriques de combustible nucléaire usagé.

BWX Technologies (BWXT) hat einen Phase-1B-Vertrag über sein Joint Venture, die West Valley Cleanup Alliance (WVCA), für Aufräumarbeiten im West Valley Demonstration Project in New York erhalten. Der Vertrag, der bis zu 3,0 Milliarden Dollar wert ist, hat einen Bestellzeitraum von 10 Jahren, der auf 15 Jahre verlängert werden kann. WVCA, geleitet von der BWXT Technical Services Group und einschließlich Jacobs Technology und Geosyntec Consultants, wird die Demontage, Deaktivierung, Bodenrenaturierung, Abfallmanagement, Sicherheit und Umweltüberwachung auf dem 150 Acre großen Gelände durchführen. Das Projekt umfasst die Säuberung der ehemaligen kommerziellen Wiederaufbereitungsanlage für abgebrannten Kernbrennstoff, die von 1963 bis 1972 in Betrieb war und 640 metrische Tonnen abgebrannten Kernbrennstoff bearbeitet hat.

Positive
  • Secured major $3.0 billion government contract
  • 10-year contract period with potential 5-year extension
  • Continues existing presence at the site since 2011
Negative
  • None.

Insights

This $3 billion DOE contract win represents a significant milestone for BWXT. The 10-year IDIQ contract with potential extension to 15 years provides substantial revenue visibility and strengthens BWXT's position in the nuclear cleanup sector. The scope encompasses critical environmental remediation work including facility demolition, soil remediation and waste management at the West Valley site.

The contract's structure as an IDIQ (Indefinite Delivery/Indefinite Quantity) offers flexibility in task ordering while providing a ceiling value that represents approximately 25% of BWXT's current market cap. The company's continued involvement since 2011 demonstrates strong performance track record and established relationships with key stakeholders. This award reinforces BWXT's market leadership in nuclear services and provides a stable, long-term revenue stream from government contracts.

The complexity of this cleanup project is significant given the site's history as America's only commercial spent nuclear fuel reprocessing facility. The scope involving 640 metric tons of processed spent nuclear fuel and 600,000 gallons of liquid high-level waste requires specialized expertise in nuclear decontamination. The selection of BWXT-led consortium indicates strong technical capabilities in handling high-risk nuclear remediation projects.

The project's environmental impact extends beyond immediate cleanup, addressing long-term safety concerns for the Buffalo region. The comprehensive approach including below-grade demolition, soil remediation and waste management demonstrates a thorough environmental restoration strategy that aligns with DOE's stringent requirements.

LYNCHBURG, Va.--(BUSINESS WIRE)-- BWX Technologies, Inc. (NYSE: BWXT) is pleased to announce an award from the U.S. Department of Energy for cleanup operations at the West Valley Demonstration Project in West Valley, New York.

The Phase 1B contract was awarded to West Valley Cleanup Alliance, LLC (WVCA), which is a joint venture led by BWXT Technical Services Group, Inc. and includes Jacobs Technology, Inc. and Geosyntec Consultants, Inc. WVCA also includes teaming subcontractors Perma-Fix Environmental Services, Inc. and North Wind Portage, Inc.

The IDIQ contract has a 10-year ordering period with a maximum value of up to $3.0 billion that can be performed for up to 15 years.

Under the contract, WVCA will continue the current cleanup mission to include, but not be limited to, the demolition of remaining near- and below-grade components of the main plant process building; additional facility deactivation and demolition; contaminated soils remediation and disposition; waste management and legacy waste disposition; safeguards and security; environmental monitoring; surveillance and maintenance; and program support activities.

“BWXT has played an important role in D&D at West Valley since August 2011 as a member of the current cleanup contractor. Having personally worked at the site several years ago, I’m especially pleased to continue our collaboration with the customer and the community on this important effort,” said Heatherly Dukes, president of BWXT Technical Services Group. “While we have made significant progress, there remains more to do under this phase of the project, and we’re looking forward to continuing the successful cleanup in the years to come.”

The West Valley Demonstration Project (WVDP) is an approximately 150-acre area located 35 miles south of Buffalo, New York. The site is owned by the New York State Energy Research and Development Authority and is home to the only commercial spent nuclear fuel reprocessing facility to operate in the United States. Operating from 1963 to 1972, the site processed 640 metric tons of spent nuclear fuel and generated over 600,000 gallons of liquid high-level waste. In 1980, Congress passed the WVDP Act, which required the Department of Energy to conduct a high-level waste management demonstration project at the site and transport it to a federal repository for disposal.

Forward Looking Statements

BWXT cautions that this release contains forward-looking statements, including statements relating to the performance, timing, impact and value, to the extent contract value can be viewed as an indicator of future revenues, of the cleanup contract at the West Valley Demonstration Project, future work at the West Valley Demonstration Project, and the award or exercise of any contract options or orders. These forward-looking statements involve a number of risks and uncertainties, including, among other things, modification or termination of the cleanup contract and delays. If one or more of these or other risks materialize, actual results may vary 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, 2023 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

At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong, Innovation Driven. A U.S.-based company, BWXT is a Fortune 1000 and Defense News Top 100 manufacturing and engineering innovator that provides safe and effective nuclear solutions for global security, clean energy, environmental restoration, nuclear medicine and space exploration. With approximately 7,800 employees, BWXT has 14 major operating sites in the U.S., Canada and the U.K. In addition, BWXT joint ventures provide management and operations at a dozen U.S. Department of Energy and NASA facilities. For more information, visit www.bwxt.com. Follow us on LinkedIn, X, Facebook and Instagram.

Media Contact

Suzy Sterner

Chief Corporate Affairs Officer

202-428-6905 ssterner@bwxt.com

Investor Contact

Chase Jacobson

Vice President, Investor Relations

980.365.4300 investors@bwxt.com

Source: BWX Technologies, Inc.

FAQ

What is the value of BWXT's West Valley Demonstration Project contract?

The contract awarded to BWXT-led West Valley Cleanup Alliance has a maximum value of $3.0 billion.

How long is the duration of BWXT's West Valley cleanup contract?

The contract has a 10-year ordering period that can be performed for up to 15 years.

What work will BWXT perform at the West Valley Demonstration Project?

BWXT will handle demolition, facility deactivation, soil remediation, waste management, security, environmental monitoring, and program support activities.

Who are BWXT's partners in the West Valley Cleanup Alliance?

The alliance includes Jacobs Technology, Geosyntec Consultants, and subcontractors Perma-Fix Environmental Services and North Wind Portage.

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