U.S. Department of Energy Extends Fluor-Led Savannah River Site Management and Operating Contract through September 2020

Wednesday, July 24, 2019 4:17 pm EDT



Public Company Information:

"We are pleased that the Department of Energy has confidence in our performance and ability to deliver on the important work that is under way at the site"

IRVING, Texas--(BUSINESS WIRE)--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. Fluor booked its share of the $1.8 billion contract extension, which is for an additional 14 months with two 12-month options, in the third quarter of 2019.

SRNS was originally awarded the Savannah River management and operating contract in January 2008. SRNS will continue uninterrupted management and operation activities at the site as outlined in the contract.

“We are pleased that the Department of Energy has confidence in our performance and ability to deliver on the important work that is under way at the site,” said Tom D’Agostino, president of Fluor’s Government Group. “As always, Fluor succeeds through its continued focus on safety and security by delivering results across all elements of the SRNS organization. It is also a validation of the good work our employees have accomplished to make the world safer and the confidence that DOE has in our ability to successfully accomplish the project’s mission.”

Work performed at the Savannah River Site includes environmental management and the cleanup of legacy materials, facilities, and wastes left over 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. The Savannah River National Laboratory, a federally-funded research and development center, is located at the site.

About Fluor Corporation

Founded in 1912, Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company that transforms the world by building prosperity and empowering progress. Fluor serves its clients by designing, building and maintaining safe, well executed, capital-efficient projects around the world. With headquarters in Irving, Texas, Fluor ranks 164 on the Fortune 500 list with revenue of $19.2 billion in 2018 and has more than 53,000 employees worldwide. For more information, please visit www.fluor.com or follow Fluor on Facebook, Twitter, LinkedIn and YouTube.

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Fluor-led SRNS awarded contract extension at Savannah River site in Aiken, S.C. (Photo: Business Wire)
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