LYNCHBURG, Va.--(BUSINESS WIRE)--BWX Technologies, Inc. (NYSE:BWXT) announced today that its Nuclear Waste Partnership LLC (NWP) joint venture between its subsidiary BWXT Technical Services Group, Inc. and lead partner AECOM has been awarded a three-year extension to its management and operations contract at the U.S. Department of Energy’s Waste Isolation Pilot Plant (WIPP) near Carlsbad, New Mexico.
With an expected value of approximately $928 million, the modification extends NWP’s contract through September 30, 2020, with the potential for an additional two-year option. The extended contract enhances the focus on safety, provides cost incentives designed to increase value to taxpayers, rewards the workforce for safe and efficient operations, and provides greater support to the Carlsbad-area community.
WIPP is the nation’s only facility for deep geological disposal of transuranic radioactive waste as by-products of nuclear weapons production and disassembly.
“BWXT is very pleased to continue our work with AECOM at this important DOE facility,” said Rex D. Geveden, BWXT’s President and Chief Executive Officer. “BWXT’s nuclear operations capability is a natural fit for a site like WIPP, and we look forward to applying that experience and expertise in making additional operational and safety enhancements in the next three years.”
BWXT is a partner in joint ventures serving the DOE and National Nuclear Security Administration at more than a dozen locations around the country, including Savannah River Site, Los Alamos National Laboratory, Paducah Gaseous Diffusion Plant and Idaho National Laboratory.
About BWXT
Headquartered in Lynchburg, Va., BWX Technologies, Inc. (NYSE:BWXT) is a leading supplier of nuclear components and fuel to the U.S. government; provides technical and management services to support the U.S. government in the operation of complex facilities and environmental remediation activities; and supplies precision manufactured components, services and fuel for the commercial nuclear power industry. With approximately 6,000 employees, BWXT has nine major operating sites in the U.S. and Canada. In addition, BWXT joint ventures provide management and operations at more than a dozen U.S. Department of Energy and two NASA facilities. Follow us on Twitter @BWXTech and learn more at www.bwxt.com.
