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U.S. Department of Energy Extends Fluor-led Savannah River Site Management and Operating Contract through September 2027
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Fluor Corporation (NYSE: FLR) has secured a 4-year extension for its management and operating contract at the Savannah River Site from the U.S. Department of Energy (DOE), with an optional additional year. The total reimbursable contract value is $12 billion for 5 years, with Fluor booking $4.5 billion in Q3 for its 4-year share. The Savannah River Site focuses on environmental management and nuclear non-proliferation efforts, ensuring continuous operations and supporting U.S. security.
Positive
Secured a 4-year contract extension worth $12 billion.
Fluor to book $4.5 billion in Q3 for its portion of the contract.
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None.
IRVING, Texas--(BUSINESS WIRE)--
Fluor Corporation (NYSE: FLR) announced today that the U.S. Department of Energy (DOE) has extended the Fluor-led Savannah River Nuclear Solutions, LLC (SRNS) management and operating contract at the Savannah River Site near Aiken, South Carolina. The extension includes 4 years with an additional 1-year option. The total reimbursable contract value is $12 billion for 5 years, and Fluor will book its 4-year, $4.5 billion portion in the third quarter.
Workers at the Savannah River Site’s K Area Complex nuclear material management facility, an integral part of the Department of Energy’s nonproliferation and environmental cleanup mission. (Photo: Business Wire)
SRNS will continue uninterrupted management and operations activities at the site.
“This extension represents the DOE’s confidence in our performance to help safeguard our nation’s security and deliver on the important mission at the site,” said Tom D’Agostino, group president of Fluor’s Mission Solutions business. “We are continually improving efficiencies to accelerate program objectives and lower costs while also delivering capital projects of every scale. Our success is the result of a constant focus on the safety and security of our workers and protecting the surrounding communities and the environment.”
Work performed at the Savannah River Site includes environmental management and the cleanup of legacy materials, facilities and waste remaining from the Cold War. The site also supports and maintains the nuclear weapons stockpile as well as processing and storing nuclear materials in support of U.S. nuclear non-proliferation efforts.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is building a better future by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s 41,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $12.4 billion in 2021 and is ranked 259 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has provided engineering, procurement and construction services for more than 110 years. For more information, please visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook and YouTube.
