05:31 PM EDT, 10/17/2024 (MT Newswires) -- Fluor (FLR) said Thursday the US Department of Energy has given approval for Hanford Tank Waste Operations & Closure to begin the Hanford Integrated Tank Disposition Contract.

Hanford Tank Waste Operations & Closure is a joint venture led by a subsidiary of BWX Technologies ( BWXT ) in partnership with Fluor and Amentum.

The contract has an estimated ceiling of $45 billion over a 10-year ordering period for environmental management operations at the Hanford Site in Washington state, the company said. Fluor said it will book its share of earnings via the equity method from Q4.

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