IRVING, Texas - Fluor Corporation (NYSE: NYSE:FLR) has announced its partnership in a joint venture that has been awarded a significant contract by the U.S. Department of Energy (DOE) for environmental management operations at the Hanford Site in Washington state. The joint venture, Hanford Tank Waste Operations & Closure, LLC (H2C), which includes a subsidiary of BWX Technologies (NYSE:BWXT), Inc., Fluor, and Amentum, will undertake a project with an estimated ceiling value of $45 billion over a 10-year ordering period.
The contract scope encompasses the operation of the Hanford tank farm facilities, the eventual operation of the Waste Treatment and Immobilization Plant, and other core functions such as project management, security and emergency services, business performance, and environment, safety, health, and quality.
The DOE's mission at the Hanford Site is to manage the cleanup of plutonium production that took place over more than four decades until the 1980s. This effort is described as one of the century's most significant public works projects, aimed at transitioning the site back into operations mode to treat tank waste from the production era.
Tom D’Agostino, Group President of Fluor’s Mission Solutions business, expressed excitement about the new contract, highlighting the company's longstanding involvement in the Tri-Cities community since 1996 and their commitment to the cleanup mission at Hanford. He emphasized the critical nature of the work and the joint venture's readiness to build on the progress already made in removing and processing tank waste.
Fluor, a global engineering and construction firm, reported revenues of $15.5 billion in 2023 and is recognized among the Fortune 500 companies. The corporation, which has operated for more than 110 years, has its headquarters in Irving, Texas, and employs around 30,000 people worldwide.
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