A $118 million contract between USEC and Oak Ridge National Laboratory supporting the American Centrifuge technology that begins May 1 received final approval yesterday from the bankruptcy court hearing USEC’s case. The news comes after the Department of Energy backed the plan earlier this week. A DOE research, development and deployment cost-share program supporting American Centrifuge ended yesterday, and the subcontract with ORNL contractor UT-Battelle starts today. The initial $34 million subcontract would fund the fund the program through this fiscal year, and two six-month $42 million option periods that would take it through Fiscal Year 2015 for a total potential value of $118 million. The deal would fund American Centrifuge at about 60 percent of current levels, and would focus on monitoring operations of the currently built cascade of centrifuges.
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