04:45 PM EDT, 04/09/2025 (MT Newswires) -- BWX Technologies ( BWXT ) said Wednesday that Strategic Storage Partners, its joint venture with APTIM Federal Services, was awarded a US Department of Energy contract to manage and operate the Strategic Petroleum Reserve.

The contract's estimated value is about $2.6 billion over 10 years, including a five-year base period and one five-year extension option, BWX said.

The contract scope includes operating and maintaining the Strategic Petroleum Reserve's facilities and related systems, the company said.