U.S. Department of Energy Selects Fluor Joint Venture for Paducah Site Deactivation Contract
Fluor Corporation (NYSE:FLR) announced today that the U.S. Department of Energy (DOE) has selected Four Rivers
Nuclear Partnership (FRNP), LLC, a joint venture comprised of CH2M, Fluor Corporation and BWX Technologies, to lead the Paducah
Deactivation and Remediation (D&R) Contract at the Paducah Gaseous Diffusion Plant in Kentucky.
The performance-based contract is valued at approximately $1.5 billion over 10 years. The base term is five years valued at
approximately $750 million followed by 3-year and 2-year option periods valued at an approximate total of $750 million
combined.
“In just three short years, Fluor has made significant progress at the Paducah site and has built strong relationships within
the community,” said Bruce Stanski, president of Fluor’s Government Group. “Most importantly, we’ve made facilities safer by removing
hazardous and radioactive materials while improving the site's infrastructure. These efforts will save taxpayers millions of
dollars over the next several years while improving safety for the workers, the general public and the environment. Fluor looks
forward to our future at the site and continuing the mission, which will bring additional value to the government.”
The Paducah site is situated on approximately 3,500 acres in western Kentucky, approximately 8 miles west of Paducah, and 3.5
miles south of the Ohio River. The site, built in the 1950s as part of the nation’s nuclear weapons complex, processed uranium from
1952 to 2013 for military reactors, nuclear weapons and nuclear power plant fuels. The D&R contract includes management of more
than 650 structures, properties and buildings. Throughout the contract duration, the team will optimize surveillance and
maintenance costs to allow for additional stabilization, deactivation and remediation activities, thereby further reducing risk and
future demolition costs.
For more than 70 years, Fluor has served as a DOE contractor with a legacy that dates back to the Manhattan Project. In addition
to the Savannah River Site management and operations work in South Carolina, Fluor supports DOE’s cleanup missions at the Idaho
Site under the Idaho Cleanup Project Core Contract and is the prime contractor for the decontamination and decommissioning of the
Portsmouth Gaseous Diffusion Plant in Piketon, Ohio. Fluor also manages and operates the Strategic Petroleum Reserve, headquartered
in New Orleans, for DOE’s Office of Fossil Energy.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and
maintenance company that designs, builds and maintains capital-efficient facilities for its clients on six continents. For more
than a century, Fluor has served our clients by delivering innovative and integrated solutions across the globe. With headquarters
in Irving, Texas, Fluor ranks 155 on the FORTUNE 500 list with revenue of $19 billion in 2016 and has more than
60,000 employees worldwide. For more information, please visit www.fluor.com or follow us on Twitter @FluorCorp.
Fluor Corporation
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