Fluor-led Team Selected for Y-12 National Security Complex and Pantex Plant Management and Operating Contract by U.S. Department of Energy’s National Nuclear Security Administration

Rhea-AI Summary

Fluor Corporation (NYSE: FLR) has been awarded a contract by the U.S. Department of Energy’s National Nuclear Security Administration (NNSA) for the management and operation of the Y-12 National Security Complex and Pantex Plant. The contract is valued at approximately $2.8 billion annually and includes a four-month transition period followed by a five-year base period with options extending the contract up to 10 years. The Fluor-led joint venture, Nuclear Production One, LLC, aims to enhance national security and production capabilities.

Positive

• Contract value of approximately $2.8 billion annually.
• Potential for contract extension up to 10 years.
• Strong collaboration with experienced subcontractors, including small businesses.

Negative

• None.

IRVING, Texas--(BUSINESS WIRE)-- Fluor Corporation (NYSE: FLR) announced today that the U.S. Department of Energy’s (DOE) National Nuclear Security Administration (NNSA) selected Nuclear Production One, LLC, (NPOne)—a Fluor-led joint venture with Amentum—to lead the Y-12 National Security Complex and Pantex Plant Management and Operating (M&O) contract. The contract includes a four-month transition period and a five-year base period with five, one-year options, for a total contract period of up to 10 years if all options are exercised. The estimated value of the contract is $2.8 billion annually.

Photo shows an aerial view of the Pantex Plant in Amarillo, Texas. (Photo: Business Wire)

“Fluor is ready to deliver on the NNSA’s mission at the Y-12 National Security Complex and the Pantex Plant,” said Tom D’Agostino, group president of Fluor’s Mission Solutions business. “We have supported our nation’s security since 1944 and look forward to bringing that experience to both the Oak Ridge, Tennessee and the Amarillo, Texas sites. With the united purpose of revitalizing America’s national security, NPOne is committed to building a culture of safety, production delivery and program excellence, trust and transparency, and site integration.”

The NPOne team includes subcontractors Criterion Systems, Inc., General Atomics, and SOC, LLC. As part of its small business initiative, the team also includes woman-owned and Service-Disabled Veteran-Owned Small Businesses along with other qualifying small businesses.

With 162 years of combined service and experience, the Fluor-led team will carry out NNSA’s mission to accomplish its production targets, build and modernize America’s nuclear security manufacturing infrastructure and lead the world in advanced production technology.

The contract consists of two sites – the Pantex Plant near Amarillo, Texas and the Y-12 National Security Complex in Oak Ridge, Tennessee – and represents key nuclear production capabilities. For more than 40 years, the Pantex Plant has been the nation’s primary nuclear weapon assembly, disassembly, and life-extension center. The Y-12 National Security Complex has been strengthening national security and reducing the global threat from weapons of mass destruction since 1943.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is building a better world by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s 44,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $14.2 billion in 2020 and is ranked 196 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has been providing engineering, procurement and construction services for more than 100 years. For more information, please visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook and YouTube.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211130005895/en/

Brian Mershon

Media Relations

469.398.7621

Jason Landkamer

Investor Relations

469.398.7222

Source: Fluor Corporation

FAQ

What is the contract awarded to Fluor Corporation by the NNSA about?

Fluor Corporation was awarded a contract for managing and operating the Y-12 National Security Complex and the Pantex Plant, valued at approximately $2.8 billion annually.

What is the duration of the contract for Fluor Corporation?

The contract includes a four-month transition period and a five-year base period, with options to extend it up to 10 years.

How does the contract impact Fluor Corporation's operations?

The contract enhances Fluor's operational scope in national security and nuclear production, benefiting its long-term business strategy.

What are the key sites involved in Fluor's new contract?

The key sites are the Pantex Plant in Amarillo, Texas, and the Y-12 National Security Complex in Oak Ridge, Tennessee.

Who are the partners involved in the Fluor-led joint venture?

The joint venture includes Amentum and subcontractors like Criterion Systems, General Atomics, and SOC, LLC.