Contracts & Procurement

Earnings rose at Amentum, Chantilly, Va., during the past quarter, which the company attributed in part to the White House and congress prioritizing nuclear power and national defense.   Net earnings for the quarter ended June 27 were $10 million, or $0.04 a share, up from a $26 million loss, or a loss of $(0.29) a […]

Earnings rose at BWX Technologies, Lynchburg, Va. in the second quarter, which the company attributed to strong performances in government operations.  “We had exceptionally strong second quarter 2025 financial results driven by solid operational performance and pacing of work, particularly in Government Operations, which was complemented by robust bookings in both segments, leading to record […]

Earnings rose at Leidos, Reston, Va., in the second quarter, which the national security and technology company attributed to controlling expenses in a time of “uncertainty” and some new contract awards.  For this year’s second quarter, Leidos reported a net margin of 9.2% and net income of $393 million on sales of $4.25 billion, up […]

Earnings rose at Amentum, Chantilly, Va., during the past quarter, which the company attributed in part to the White House and congress prioritizing nuclear power and national defense.   Net earnings for the quarter ended June 27 were $10 million, or $0.04 a share, up from a $26 million loss, or a loss of $(0.29) a […]

Chantilly, Va. Based Amentum will report quarterly financial results Wednesday conduct an earnings conference call at 8:30 a.m. Eastern Time. Amentum, one of the largest contractors in the Department of Energy’s weapons complex, will report results for the quarter ended around June 30. In May, Amentum reported net earnings of $4 million, or $0.02 a […]

Earnings rose at BWX Technologies, Lynchburg, Va. in the second quarter, which the company attributed to strong performances in government operations. “We had exceptionally strong second quarter 2025 financial results driven by solid operational performance and pacing of work, particularly in Government Operations, which was complemented by robust bookings in both segments, leading to record […]

Earnings rose at Fluor, Irving, Texas, in the second quarter, despite what the engineering and construction company described as hesitancy in world trade markets. Over the next 12 months, Fluor expects to pursue Department of Energy contracts for work at the Savannah River Plutonium Pits Project and to support high-assay low-enriched uranium (HALEU) nuclear fuel […]

Earnings rose at the Tennessee Valley Authority (TVA), Knoxville, Tenn., in the third quarter of fiscal 2025, which the federal utility attributed to higher rates and sales. The net earnings of the third quarter of fiscal 2025 ended June 30 were $212 million, up from $181 million, in the third quarter of fiscal 2024. Quarterly […]

Earnings rose at the Tennessee Valley Authority (TVA), Knoxville, Tenn., in the third quarter of fiscal 2025, which the federal utility attributed to higher rates and sales. The net earnings of the third quarter of fiscal 2025 ended June 30 were $212 million, up from $181 million, in the third quarter of fiscal 2024. Quarterly […]

Huntington Ingalls Industries (HII) on Thursday reported a drop in second quarter net earnings despite higher sales largely due to lower performance on the Virginia-class submarine program and aircraft carrier construction at the Newport News Shipbuilding segment. Net income fell 12% to $152 million, $3.86 earnings per share (EPS), from $173 million ($4.38 EPS) a […]

Earnings rose at Fluor, Irving, Texas, in the second quarter, despite what the engineering and construction company described as hesitancy in world trade markets. Over the next 12 months, Fluor expects to pursue Department of Energy contracts for work at the Savannah River Plutonium Pits Project and to support high-assay low-enriched uranium (HALEU) nuclear fuel […]

Earnings rose at Fluor, Irving, Texas, in the second quarter, despite what the engineering and construction company described as hesitancy in world trade markets. Over the next 12 months, Fluor expects to pursue Department of Energy contracts for work at the Savannah River Plutonium Pits Project and to support high-assay low-enriched uranium (HALEU) nuclear fuel […]

Earnings rose at the Tennessee Valley Authority (TVA), Knoxville, Tenn., in the third quarter of fiscal 2025, which the federal utility attributed to higher rates and sales. The net earnings of the third quarter of fiscal 2025 ended June 30 were $212 million, up from $181 million, in the third quarter of fiscal 2024. Quarterly […]

A trio of experts told a subcommittee of the House Oversight Committee Tuesday that expanded debriefings on federal contract awards might reduce the number of bid protests. More detailed debriefings, which explain to bidders the rationale behind contract awards, are being used by the Department of Defense and other agencies might consider them as well,  […]

RSI EnTech, based in Oak Ridge, Tenn., has acquired Albuquerque-based Sigma Science, another well-known small contractor with the Department of Energy nuclear complex, the companies announced recently.  RSI EnTech, which is part of Arctic Slope Regional Corporation (ASRC) Industrial or AIS, an Alaska Native corporation, did not disclose the value of the transaction in the […]

A trio of experts told a subcommittee of the House Oversight Committee Tuesday that expanded debriefings on federal contract awards might reduce the number of bid protests. More detailed debriefings, which explain to bidders the rationale behind contract awards, are being used by the Department of Defense and other agencies might consider them as well,  […]

A team led by Salt Lake City-based EnergySolutions has won $240 million worth of radiological support services business with the U.S. Navy, the company announced this week. EnergySolutions said it has won a position on the Navy’s Radiological Support Services (RADMAC III) multiple-award contract, valued at up to $240 million. The contract was issued by […]

The Department of Energy’s Office of Nuclear Energy miscalculated during the selection process of its High-Assay Low-Enriched Uranium (HALEU) Demonstration Project, the Department’s Office of Inspector General found in an audit. In a July 2 audit report the Office of Inspector General (OIG) found the Office of Nuclear Energy inappropriately limited competition during its pre-award […]

A trio of experts told a subcommittee of the House Oversight Committee Tuesday that expanded debriefings on federal contract awards might reduce the number of bid protests. More detailed debriefings, which explain to bidders the rationale behind contract awards, are being used by the Department of Defense and other agencies might consider them as well,  […]

RSI EnTech, based in Oak Ridge, Tenn., has acquired Albuquerque-based Sigma Science, another well-known small contractor with the Department of Energy nuclear complex, the companies announced Friday.  RSI EnTech, which is part of Arctic Slope Regional Corporation (ASRC) Industrial or AIS, an Alaska Native corporation, did not disclose the value of the transaction in the […]

Dale Vines is starting a new job as vice president of business development at Utah-based EnergySolutions. Vines, started the new position this month, according to an update on his LinkedIn page. Vines for the past two years has been executive vice president of business development for Allied Power. An industry veteran, Vines has previously worked […]

Oklo has selected Kiewit Nuclear Solutions to lead construction of its first commercial Aurora nuclear powerhouse at the Department of Energy’s Idaho National Laboratory (INL). Kiewit Nuclear Solutions., a subsidiary of Kiewit Corporation, will support the design and construction of the Aurora powerhouse at INL under a master services agreement, according to Oklo’s Tuesday press […]

The Department of Energy’s Office of Nuclear Energy miscalculated during the selection process of its High-Assay Low-Enriched Uranium (HALEU) Demonstration Project, the Department’s Office of Inspector General found in an audit. In a July 2 audit report the Office of Inspector General (OIG) found the Office of Nuclear Energy inappropriately limited competition during its pre-award […]

BWX Technologies, based in Lynchburg, Va., announced Thursday the award of $2.6 billion in contracts, including future year options, to manufacture naval nuclear reactor components. The contracts, which build on the $2.1 billion in awards BWXT announced in February, would support Virginia- and Columbia-class submarines, and any production from these awards would come in the […]

Brian Vance, the Department of Energy’s former manager of nuclear cleanup at the Hanford Site in Washington state is the new site leader at the Framatome nuclear fuel plant in Richland, Wash. The Tri-City Herald reported Monday Vance started working as a manager for the Framatome fuel manufacturing plant July 9. The company subsequently confirmed […]

The Department of Energy’s nuclear cleanup office could issue a draft solicitation as early as next month for a contractor to perform landlord services at the Portsmouth Site in Ohio. The draft request for proposals (RFP)  for the Portsmouth Infrastructure Support Services could be issued in August, the DOE Environmental Management Consolidated Business Center in […]

Brian Vance, the Department of Energy’s former manager of nuclear cleanup at the Hanford Site in Washington state has reportedly accepted an executive position with the Framatome nuclear fuel plant in Richland, Wash. The Tri-City Herald reported Monday Vance started working as a manager for the Framatome fuel manufacturing plant July 9. The newspaper said […]

The Department of Energy’s nuclear cleanup office could issue a draft solicitation as early as next month for a contractor to perform landlord services at the Portsmouth Site in Ohio. The draft request for proposals (RFP)  for the Portsmouth Infrastructure Support Services could be issued in August, the DOE Environmental Management Consolidated Business Center in […]

July: 15: Hearing: House Armed Services Committee will mark up H.R. 3838, the National Defense Authorization Act for fiscal 2025 starting at 10 a.m. The markup will be streamed online. 16: Virtual meeting: The Environmental Management Site-Specific Advisory Board for Northern New Mexico meets online starting at 1 p.m. Mountain Time.  22: Meeting: A meeting […]

Several publicly-traded companies doing business within the Department of Energy weapons complex are scheduled to report earnings in the coming weeks. Here is a rundown of currently scheduled earnings releases and conference calls.  Aug. 1 : Fluor, Irving, Texas, is scheduled to report its financial performance for the quarter ending June 30 on Aug. 1. […]