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Greenville Business Magazine

U.S. DOE Extends Fluor-led Savannah River Site Management, Operating Contract through Sept. 2027

Sep 30, 2022 03:32PM ● By David Dykes

Workers at the Savannah River Site’s K Area Complex nuclear material management facility, an integral part of the Department of Energy’s nonproliferation and environmental cleanup mission. (Photo: Business Wire)

Fluor Corporation (NYSE: FLR) announced Sept. 29, 2022, 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, S.C. 

The extension includes four years with an additional one-year option. The total reimbursable contract value is $12 billion for five years, and Fluor will book its four-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.

Fluor had revenue of $12.4 billion in 2021 and is ranked 259 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has provided engineering, procurement and construction services for more than 110 years.

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.