Fluor JV receives notice to proceed on Hanford integrated tank contract

Fluor (FLR) Corporation announced that the U.S. Department of Energy has approved Hanford Tank Waste Operations & Closure, LLC – a joint venture led by a subsidiary of BWX Technologies, Inc., with Fluor and Amentum – to begin the Hanford Integrated Tank Disposition Contract. The contract has an estimated ceiling of $45B 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 beginning in the fourth quarter of 2024. “Fluor and our H2C partners are ready to get to work on this important DOE cleanup mission,” said Tom D’Agostino, Group President of Fluor’s Mission Solutions business. “We’ve been a proud member of the Tri-Cities community for more than 25 years, beginning with the Project Hanford Management Contract in 1996 and continuing through to our role today on the Central Plateau Cleanup Contract. We look forward to supporting the DOE and other site contractors in continuing our effort and in working with the community.”