Fluor Corporation announced that the U.S. Department of Energy (DOE) selected Hanford Tank Waste Operations & Closure, LLC (H2C) - a joint venture led by a subsidiary of BWX Technologies Inc., together with Fluor and Amentum - to execute the Hanford Integrated Tank Disposition Contract. The new contract has an estimated ceiling of $45 billion over a 10-year ordering period for environmental management operations at the Hanford Site in Washington state. Fluor will recognize its share of earnings from this new contract using the equity method of accounting.

The contract scope includes the operation of the Hanford tank farm facilities, eventual operation of the Waste Treatment and Immobilization Plant, and responsibility for other core functions such as project management; security and emergency services; business performance; and environment, safety, health and quality. The DOE is engaged in one of the great public works projects of this century at the Hanford Site. Responsible for the federal government's cleanup of more than 40 years of producing uranium through the 1980s, the DOE is transforming the site back into an operations mode to treat tank waste from the production era.