Fluor Corporation (NYSE: FLR) was chosen by the U.S. Department of
Energy (DOE) for the next phase of cleanup at the Paducah Gaseous
Diffusion Plant (GDP) in Paducah, Kentucky. Fluor is the prime
contractor for the management, integration and execution of the
deactivation and post-GDP shutdown remediation activities at the Paducah
site. It is anticipated that the new contract will help reduce
environmental risks and create local job opportunities. The estimated
value of the contract, which Fluor booked in the third quarter of 2014,
is approximately $420 million over three years.
“We are very pleased to be the preferred bidder on this project,” said
Bruce Stanski, president of Fluor’s Government Group. “By leveraging the
gaseous diffusion plant experience we’ve gained at Portsmouth and
Fluor’s decades of experience managing and operating nuclear
decommissioning sites, we look forward to working with the Department of
Energy to deliver the site’s program safely and cost effectively.”
The DOE Paducah GDP is located in Western Kentucky, approximately 10
miles west of Paducah and 3.5 miles south of the Ohio River. The Paducah
GDP is a 3,423-acre federal reservation that was built in the 1950s as
part of the nation’s nuclear weapons complex and enriched uranium from
1952 until 2013. Limited cleanup activities have been underway since
2010.
For the Paducah GDP work, Fluor’s scope of work will include the
management, integration and execution of the deactivation and post-GDP
shutdown remediation activities at the site along with cleaning up and
remediating contaminated soils and groundwater.
Fluor has a long and successful history of performing challenging
projects within the DOE environmental management community. In addition
to its current role as the managing partner on the management and
operating contract at the Savannah River Site, Fluor serves as 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 for DOE’s Office of Fossil
Energy.
Fluor has worked at the Hanford Site in Washington State since 1996,
including the role of the site’s prime contractor for 12 years. From
1992 to 2006, Fluor executed the Department’s first closure contract at
the Fernald Site near Cincinnati, Ohio, and completed the project ahead
of schedule and under budget.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is a global engineering and construction
firm that designs and builds some of the world's most complex projects.
The company creates and delivers innovative solutions for its clients in
engineering, procurement, fabrication, construction, maintenance and
project management on a global basis. For more than a century, Fluor has
served clients in the energy, chemicals, government, industrial,
infrastructure, mining and power market sectors. Headquartered in
Irving, Texas, Fluor ranks 109 on the FORTUNE 500 list. With more than
40,000 employees worldwide, the company's revenue for 2013 was $27.4
billion. Visit Fluor at www.fluor.com
and follow on Twitter @FluorCorp.
Fluor CorporationMedia Relations:Brian Mershon, 469-398-7621orEric Krantz, 281-263-6030orInvestor Relations:Ken Lockwood, 469-398-7220orJason Landkamer, 469-398-7222