09:45 AM EDT, 06/14/2024 (MT Newswires) -- BWX Technologies ( BWXT ) said Friday that its PanTeXas Deterrence joint venture has been awarded a contract worth up to $30 billion from the US Department of Energy's National Nuclear Security Administration to manage and operate the Pantex Plant in Panhandle, Texas.

The plant maintains the safety, security and effectiveness of the US' nuclear weapons.

After an initial five-year term, the NNSA will be able to award three more five-year option periods. If all options are exercised, the contract will be worth $30 billion over 20 years.

The PanTeXas joint venture is led by a subsidiary of BWX Technologies ( BWXT ) and includes Fluor (FLR), SOC LLC, and the Texas A&M University System.

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