Contracts & Procurement

A vice president for Hanford support services contractor Mission Support Alliance has reached an agreement with the Department of Justice to pay $124,440 to settle allegations of illegal kickbacks. Richard A. Olsen, the vice president of finance, was accused of taking at least $41,480 from Lockheed Martin between March 1, 2010, and Feb. 21, 2012. […]

Jacobs Engineering subsidiary CH2M boosted the parent company’s bottom line in its latest quarter thanks to enhancements in ongoing nuclear cleanup projects for the Department of Energy, Jacobs Chairman and CEO Steve Demetriou said Monday. Jacobs reported net earnings of $150 million ($1.05 per share) for the quarter ended June 30, the third quarter of […]

BWX Technologies on Monday reported revenue of $439 million for the second quarter of 2018, a 7.1 percent improvement over the $410 million it brought in a year ago. Net income at the Lynchburg, Va., government contractor came in at $60.7 million ($0.60 per share). That was down slightly from $61.3 million ($0.61 per share) […]

Tennessee-based RSI EnTech said Monday it would not follow a competitor’s lead in protesting the Energy Department’s recent $137 million consolidated contract award for technical support services at the Portsmouth/Paducah Project Office complex. “Yes, we received a debrief [on the contract award]; no, we did not/are not filing a protest,” RSI EnTech President Paul Clay […]

The Energy Department has issued a draft request for proposals (RFP) for a contract potentially worth up to $904 million over seven years for analysis services at the 222-S Laboratory at the Hanford Site in Washington state. The current contract, held by Veolia subsidiary Wastren Advantage, ends on Sept. 20, 2020, DOE said in a […]

AVANTech Inc. of Columbia, S.C., has acquired Mid Columbia Engineering Inc. (MCE), a Richland, Wash., firm that has done work at the nearby Hanford Site. The terms of the transaction were not disclosed. AVANTech plans to continue to expand the Richland manufacturing and service facility and use it to help deliver products and services to […]

Fluor Chairman and CEO David Seaton said Thursday the company remains in pursuit of a multibillion-dollar liquid waste management contract at the Savannah River Site in South Carolina that the Department of Energy is due to award again in a few weeks. Seaton offered his take, without elaboration, during Fluor’s quarterly earnings call with Wall Street […]

French nuclear company Orano’s revenue dipped by nearly $100 million over the first half of 2018, while operating income posted a large gain even as net income fell even further into the red. The Paris-based nuclear fuel cycle specialist, part of what remains of the former AREVA, reported 1.71 billion euros ($1.99 billion) in revenue […]

Exelon Generation on Thursday reported a net income increase, on a generally accepted accounting principles basis, to $178 million in the second quarter of 2018, compared to a net loss of $235 million in the same period of 2017. Operating earnings were up year over year from $217 million to $331 million. Exelon Generation is […]

A federal judge on Monday stood by his earlier ruling that the National Nuclear Security Administration (NNSA) must return more than $20 million in fees it clawed back in 2016 from the prime contractor building the Mixed Oxide Fuel Fabrication Facility at the Savannah River Site in South Carolina. Judge Thomas Wheeler of the U.S. […]

Boeing and Raytheon, key contractors on next-generation Air Force nuclear-missile programs, both posted higher quarterly earnings last week. Boeing, one of two contractors on the next-generation intercontinental ballistic missile system, reported a 26 percent spike in earnings in the second quarter, to $2.2 billion, or $3.73 a share. Raytheon, one of two tech-development contractors working on […]

Lower taxes, the gift that just keeps giving this year for corporations, combined with a pension benefit, propelled Huntington Ingalls Industries to a hefty increase in earnings despite a dip in operating profit at the segment level. Net income soared 63 percent to $239 million, or $5.40 a share, from $147 million, or $3.21 a […]

With one day left to spare, the U.S. Energy Department announced Monday that it would extend by one year the contract for the Savannah River Site’s management and operations provider. The initial contract for Savannah River Nuclear Solutions (SRNS), a 10-year deal worth $9.5 billion, was set to expire on July 31. In its press […]

Fluor Chairman and CEO David Seaton said Thursday the company remains in pursuit of a multibillion-dollar liquid waste management contract at the Savannah River Site in South Carolina that the Department of Enregy is due to award again in a few weeks. Seaton offered his comments, without elaboration, during Fluor’s quarterly earnings call with Wall Street […]

Power company Entergy on Wednesday announced a steep drop in earnings for the second quarter, even as it unveiled plans to unload two soon-to-close nuclear power plants. As-reported earnings fell from $410 million ($2.27 per share) in second-quarter 2017 to $245 million ($1.34 per share) in the latest reporting period. Operational earnings, on a non-generally […]

Waste treatment provider AVANTech, of Columbia, S.C., has acquired Mid Columbia Engineering (MCE), a Richland, Wash., firm that has done work at the nearby Hanford Site.  The companies did not release the sale price for the buyout. AVANTech plans to continue to expand its newly acquired Richland manufacturing and service facility, which will help deliver […]

The Department of Energy expects in September to again issue a new contract for liquid waste management at the Savannah River Site in South Carolina, a senior procurement official said Tuesday. This will be the department’s second attempt to seal the deal, after the first contract was successfully protested to the Government Accountability Office. “I […]

A federal judge on Monday stood by his earlier ruling that the National Nuclear Security Administration (NNSA) must return more than $20 million in fees it clawed back in 2016 from the prime contractor building the Mixed Oxide Fuel Fabrication Facility at the Savannah River Site in South Carolina. Judge Thomas Wheeler of the U.S. […]

One day after the Energy Department issued a draft request for proposals for lab services at the Hanford Site in Washington state, an agency official said a final RFP could soon hit the street for another contract. The final RFP for the potential 10-year, $4 billion Hanford Mission Essential Services contract could be out by […]

The Energy Department has issued a draft request for proposals (RFP) for a contract potentially worth up to $904 million over seven years, including options, for analysis services at the 222-S Laboratory at the Hanford Site in Washington state. The current contract, held by Veolia subsidiary Wastren Advantage, ends on Sept. 20, 2020, DOE said […]

Savannah River Nuclear Solutions (SRNS) will continue managing the Savannah River Site through July 31, 2019, under a long-expected one-year, $1-billion contract extension announced Monday. “This extension enables SRNS to continue to provide management and operating (M&O) services at SRS while DOE fosters competition for award of a follow-on competitive M&O contract,” the Department of […]

Tennessee-based RSI EnTech said Monday it would not follow a competitor’s lead in protesting the Energy Department’s recent $137 million consolidated contract award for technical support services for the Portsmouth/Paducah Project Office complex. “Yes, we received a debrief [on the contract award]; no, we did not/are not filing a protest,” RSI EnTech President Paul Clay […]

Boeing and Raytheon, key contractors on next-generation Air Force nuclear-missile programs, both posted higher quarterly earnings last week. Boeing, one of two contractors on the next-generation intercontinental ballistic missile system, reported a 26 percent spike in earnings in the second quarter, to $2.2 billion, or $3.73 a share. Raytheon, one of two tech-development contractors working on […]

Department of Energy contractor Fluor will discuss its quarterly performance during a conference call with financial analysts at 5:30 p.m. Eastern time Thursday. Financial results for the second quarter, which ended June 30, will be reported at market close before the call. The Irving, Texas-based construction and engineering company is coming off a rough first […]

Lockheed Martin, one of two Pentagon contractors developing a new cruise missile intended to carry the W80 nuclear warhead, this week reported better than 25-percent year-over-year earnings growth for the second quarter of 2018. Net income for the quarter ended June 24 rose 26 percent to $1.2 billion, or $4.05 a share, from $955 million, or […]

The Department of Energy is just days from sealing a one-year extension for the management and operations contract at the Savannah River Site in South Carolina, a senior official said Monday. “As you know the M&O contract expires on 31 July and any day now we’ll have an extension signed,” Michael Budney, manager of DOE’s […]

Earnings at Northrop Grumman, one of two defense contractors on the next-generation U.S. intercontinental ballistic missile, rose nearly 25 percent in the second quarter, the company reported this week. Quarterly net income increased 24 percent to $689 million, or $3.93 a share, from $555 million, or $3.16 a share, beating the Street by $0.09 per […]

A New Mexico company on July 20 filed a formal protest against the Department of Energy’s recent award of a contract worth up to $137 million over five years for technical support services at the office that oversees cleanup of the Paducah Site in Kentucky and Portsmouth Site in Ohio. In its docket notice for […]

Bechtel National (BNI) has been placed under new federal restrictions on issuing subcontracts and making large purchases following a routine audit of its purchasing systems by the Pentagon’s Defense Contract Management Agency. The business is the U.S. government-focused branch of global engineering and project management provider Bechtel. Among its current work is construction of the […]

The Department of Energy is just days from sealing a one-year extension for the management and operations contract at the Savannah River Site in South Carolina, a senior official said Monday. “As you know the M&O contract expires on 31 July and any day now we’ll have an extension signed,” Michael Budney, manager of DOE’s […]