U.S. Department of Energy Extends Savannah River Nuclear Solutions' M&O Contract through September 2016
IRVING, Texas--(BUSINESS WIRE)-- Fluor Corporation (NYS: FLR) has been notified that the United States Department of Energy (DOE) exercised its option to extend the current Management & Operating (M&O) contract at the Savannah River Site (SRS) in Aiken, S.C., for an additional 38 months. The extension will cover the time period between August 1, 2013 and September 2016. The M&O contract is currently being executed by Savannah River Nuclear Solutions (SRNS), LLC, a Fluor-led partnership consisting of Fluor, Newport News Nuclear and Honeywell.
SRNS was originally awarded the Savannah River M&O contract in January 2008 after an open and competitive bid process. By exercising the option to extend the term of the contract, DOE and SRNS will continue uninterrupted management and operation activities as outline in the contract.
"As the lead partner of Savannah River Nuclear Solutions, Fluor is extremely proud that the DOE recognized the value that our company and our partners have been able to bring to the project," said Bruce Stanski, president of Fluor's Government Group. "By leveraging the combined experience from several world class companies, our team brings the best practices and corporate reach back to both the Savannah River Site and the Savannah River National Lab helping them accomplish their vital missions."
"We are pleased with the recent announcement by DOE to extend our contract until September 2016. This announcement is a testimony to the focus that the SRNS team has put on safety and security, and quality work performance," said Dwayne Wilson, president and CEO of Savannah River Nuclear Solutions. "This extension validates the great work that our employees have accomplished and the confidence that DOE has in our ability to get the job done. I'm very proud of our employees and their on-going commitment to meet DOE's expectations and goals for the Savannah River Site."
Fluor has a long and successful history of performing challenging projects within the DOE Complex. In addition to its current role as the managing partner on the M&O contract at Savannah River, Fluor serves as the prime contractor for the decontamination and decommissioning of the Portsmouth Gaseous Diffusion Plant in Piketon, Ohio. Fluor has worked at the Hanford Site in Washington State since 1996, including the role of the Site's prime contractor for 12 years. From 1992 to 2006, Fluor executed nuclear cleanup work at the DOE's Fernald Site near Cincinnati, Ohio, and completed the project ahead of schedule and under budget.
About Savannah River Nuclear Solutions
Savannah River Nuclear Solutions, LLC, is a Fluor Partnership comprised of Fluor, Newport News Nuclear and Honeywell, responsible for the management and operations of the Department of Energy's Savannah River Site, including the Savannah River National Laboratory, located near Aiken, S.C. For more information, www.savannahrivernuclearsolutions.com.
About Fluor Corporation
Fluor Corporation (NYS: FLR) designs, builds and maintains many of the world's most challenging and complex projects. Founded in 1912, the company was started by John Simon Fluor Sr. with a modest investment of $100. Since those humble beginnings, the company has grown into one of the largest engineering & construction companies in the world. Fluor is celebrating its 100th anniversary during 2012.
Today, through its global network of offices on six continents, the company provides comprehensive capabilities and world-class expertise in engineering, procurement, construction, commissioning, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 200 company and had revenue of $23.4 billion in 2011. For more information, visit www.fluor100.com and www.fluor.com.
Keith Stephens, 469-398-7624
Brian Mershon, 469-398-7621
Ken Lockwood, 469-398-7220
Jason Landkamer, 469-398-7222
KEYWORDS: United States North America South Carolina Texas
The article U.S. Department of Energy Extends Savannah River Nuclear Solutions' M&O Contract through September 2016 originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.