IRVING, Texas--(BUSINESS WIRE)--May 18, 2020--

Fluor Corporation (NYSE: FLR) announced today that the U.S. Department of Energy (DOE) selected Hanford Works Restoration, LLC (HWR), a joint venture between a subsidiary of BWX Technologies, Inc. and Fluor, to lead the Tank Closure Contract at the DOE’s Hanford Site. The team includes two pre-selected small businesses, DBD and INTERA, which provide specialized modeling and regulatory expertise, respectively. The contract is valued at up to approximately $13 billion over a 10-year period.

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A Fluor & BWXT joint venture was selected for the Hanford Site Tank Closure Contract by the Dept. of Energy. Hanford is located in the state of Washington. (Photo: Business Wire)

“We’re pleased that DOE has given us the opportunity to demonstrate the effectiveness of the new end-state contract approach to accelerate closing Hanford’s tanks and reduce DOE’s liability,” said Tom D’Agostino, president of Fluor’s Government Group. “Fluor began its 13-year tenure at Hanford in 1996 with a contract to manage most of the site’s cleanup work and we have been an integrated part of the community ever since. We look forward to working with the incumbent Tank Farm employees, DOE, the regulators, and other Hanford contractors to shift to a unified closure mentality and safely accelerate the completion timeline.”

HWR has been selected to provide services for the transition from the current tank operations contract to the tank closure contract. The services include the operations and maintenance of the single shell and double shell tank farms including volume management and secondary waste treatment facilities; the completion of construction and operations and maintenance of equipment necessary to pretreat and feed low-level waste to the low-activity waste verification facility, and single-shell tank waste remediation and closure to support the Hanford Site environmental cleanup.

Established in 1943, the Hanford Site's original mission was to produce plutonium for national defense. Operations to make the raw materials for nuclear weapons continued until the late 1980s. In 1989, Hanford's mission shifted from production of weapons material to waste management and environmental cleanup.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company with projects and offices on six continents. Fluor’s 47,000 employees build a better world by designing, constructing and maintaining safe, well-executed, capital-efficient projects. With headquarters in Irving, Texas, Fluor has served its clients for more than 100 years. For more information, please visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook and YouTube.

CONTACT: Brian Mershon

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469.398.7621Jason Landkamer

Investor Relations

469.398.7222

KEYWORD: UNITED STATES NORTH AMERICA TEXAS WASHINGTON

INDUSTRY KEYWORD: OTHER ENERGY DEFENSE ENVIRONMENT CONTRACTS ENERGY ENGINEERING NUCLEAR MANUFACTURING

SOURCE: Fluor Corporation

Copyright Business Wire 2020.

PUB: 05/18/2020 09:10 AM/DISC: 05/18/2020 09:10 AM

Copyright Business Wire 2020.

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