{"id":471460,"date":"2021-04-06T07:33:25","date_gmt":"2021-04-06T11:33:25","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=471460"},"modified":"2021-04-06T07:33:25","modified_gmt":"2021-04-06T11:33:25","slug":"bwxt-awarded-690-million-extension-for-environmental-management-work-at-portsmouth","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bwxt-awarded-690-million-extension-for-environmental-management-work-at-portsmouth\/","title":{"rendered":"BWXT Awarded $690 Million Extension for Environmental Management Work at Portsmouth"},"content":{"rendered":"

<\/p>\n

BWXT Awarded $690 Million Extension for Environmental Management Work at Portsmouth<\/b><\/p>\n

LYNCHBURG, Va.–(BUSINESS WIRE<\/a>)–
\nBWX Technologies, Inc. (NYSE: BWXT) today announced a contract extension, valued at up to $690 million including options, from the U.S. Department of Energy (DOE) for environmental management work at Portsmouth Gaseous Diffusion Plant.\n<\/p>\n

\nThe agreement took effect on March 29, 2021, and includes a one-year extension with two additional six-month options. Cleanup work at the site has been conducted by joint venture Fluor-BWXT Portsmouth, LLC (FBP) since the contract was awarded in 2010.\n<\/p>\n

\nFBP is responsible for decontamination and decommissioning (D&D) of the Portsmouth site. The scope of the project includes deactivation, demolition and disposal of selected site facilities, process equipment, related process buildings and other ancillary facilities. It also includes continued environmental remediation, uranium stewardship and community outreach programs.\n<\/p>\n

\n\u201cBWXT is very pleased that the DOE has extended another contract for the important work at Portsmouth in partnership with Fluor,\u201d said Ken Camplin, president of BWXT\u2019s Nuclear Services Group. \u201cWe believe that BWXT\u2019s footprint at seven sites supporting the DOE\u2019s Environmental Management mission demonstrates the breadth and depth of our company\u2019s waste management, environmental remediation and site cleanup capabilities.\u201d\n<\/p>\n

\nThe Portsmouth Gaseous Diffusion Plant operated from 1954 to 2001. Located in Pike County, Ohio, the site occupies about 3,700 acres. The plant was one of three large gaseous diffusion plants in the U.S. initially constructed to produce enriched uranium to support the nation\u2019s nuclear weapons program and, in later years, enriched uranium used by commercial nuclear reactors. The DOE began its environmental cleanup program at the site in 1989, and the effort continues today in cooperation with the U.S. and Ohio Environmental Protection Agencies.\n<\/p>\n

Forward Looking Statements<\/i><\/b><\/p>\n

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 financial performance, of the contract extension. These forward-looking statements involve a number of risks and uncertainties, including, among other things, modification or termination of the contract extension, failure to exercise the options thereto and\/or 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\u2019s annual report on Form 10-K for the year ended December 31, 2020. 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. <\/i><\/p>\n

About BWXT<\/i><\/b><\/p>\n

At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong, Innovation Driven. Headquartered in Lynchburg, Va., BWXT provides safe and effective nuclear solutions for national security, clean energy, environmental remediation, nuclear medicine and space exploration. With approximately 6,700 employees, BWXT has 12 major operating sites in the U.S. and Canada. In addition, BWXT joint ventures provide management and operations at more than a dozen U.S. Department of Energy and NASA facilities. Follow us on Twitter at @BWXTech and learn more at www.bwxt.com<\/a>.<\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210406005185\/en\/<\/a><\/span><\/p>\n

Media Contact
\n<\/b>
Jud Simmons
\n
Director, Media & Public Relations
\n
434.522.6462
\n
hjsimmons@bwxt.com<\/a><\/p>\n

Investor Contact
\n<\/b>
Mark Kratz
\n
Vice President, Investor Relations
\n
980.365.4300
\n
investors@bwxt.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Virginia Ohio<\/p>\n

INDUSTRY KEYWORDS:<\/b> Construction & Property White House\/Federal Government Other Energy Nuclear Other Defense Defense Contracts Public Policy\/Government Environment Energy Other Construction & Property<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

BWXT Awarded $690 Million Extension for Environmental Management Work at Portsmouth LYNCHBURG, Va.–(BUSINESS WIRE)– BWX Technologies, Inc. (NYSE: BWXT) today announced a contract extension, valued at up to $690 million including options, from the U.S. Department of Energy (DOE) for environmental management work at Portsmouth Gaseous Diffusion Plant. The agreement took effect on March 29, 2021, and includes a one-year extension with two additional six-month options. Cleanup work at the site has been conducted by joint venture Fluor-BWXT Portsmouth, LLC (FBP) since the contract was awarded in 2010. FBP is responsible for decontamination and decommissioning (D&D) of the Portsmouth site. The scope of the project includes deactivation, demolition and disposal of selected site facilities, process equipment, related process buildings and … <\/p>\n

Continue reading “BWXT Awarded $690 Million Extension for Environmental Management Work at Portsmouth”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-471460","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBWXT Awarded $690 Million Extension for Environmental Management Work at Portsmouth - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bwxt-awarded-690-million-extension-for-environmental-management-work-at-portsmouth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BWXT Awarded $690 Million Extension for Environmental Management Work at Portsmouth - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"BWXT Awarded $690 Million Extension for Environmental Management Work at Portsmouth LYNCHBURG, Va.–(BUSINESS WIRE)– BWX Technologies, Inc. (NYSE: BWXT) today announced a contract extension, valued at up to $690 million including options, from the U.S. Department of Energy (DOE) for environmental management work at Portsmouth Gaseous Diffusion Plant. The agreement took effect on March 29, 2021, and includes a one-year extension with two additional six-month options. Cleanup work at the site has been conducted by joint venture Fluor-BWXT Portsmouth, LLC (FBP) since the contract was awarded in 2010. FBP is responsible for decontamination and decommissioning (D&D) of the Portsmouth site. 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