Fluor joint venture awarded DoE contract

Fluor “announced today that the U.S. Department of Energy selected Hanford Tank Waste Operations & Closure, LLC – a joint venture led by a subsidiary of BWX Technologies, Inc., together with Fluor and Amentum – to execute the Hanford Integrated Tank Disposition Contract. The new contract has an estimated ceiling of $45 billion over a 10-year ordering period for environmental management operations at the Hanford Site in Washington state. Fluor will recognize its share of earnings from this new contract using the equity method of accounting.”