U.S. Department of Energy Extends Fluor-led Savannah River Site Management and Operating Contract through September 2027

Fluor Corporation (NYSE: FLR) announced today that the U.S. Department of Energy (DOE) has extended the Fluor-led Savannah River Nuclear Solutions, LLC (SRNS) management and operating contract at the Savannah River Site near Aiken, South Carolina. The extension includes 4 years with an additional 1-year option. The total reimbursable contract value is $12 billion for 5 years, and Fluor will book its 4-year, $4.5 billion portion in the third quarter.

SRNS will continue uninterrupted management and operations activities at the site.

“This extension represents the DOE’s confidence in our performance to help safeguard our nation’s security and deliver on the important mission at the site,” said Tom D’Agostino, group president of Fluor’s Mission Solutions business. “We are continually improving efficiencies to accelerate program objectives and lower costs while also delivering capital projects of every scale. Our success is the result of a constant focus on the safety and security of our workers and protecting the surrounding communities and the environment.”

Work performed at the Savannah River Site includes environmental management and the cleanup of legacy materials, facilities and waste remaining from the Cold War. The site also supports and maintains the nuclear weapons stockpile as well as processing and storing nuclear materials in support of U.S. nuclear non-proliferation efforts.