Fluor Corporation said it was awarded a multi-year contract by Centrus EnergyaEUR(TM)s subsidiary American Centrifuge Operating, LLC.

Fluor Corporation (NYSE: FLR) announced today that it has been awarded a multi-year contract by Centrus Energy's subsidiary, American Centrifuge Operating, LLC. Fluor will serve as the integrated engineering, procurement and construction partner to expand its low-enriched uranium (LEU) and high-assay low-enriched uranium (HALEU) enrichment facility in Piketon, Ohio.

This contract is part of a multi-billion dollar public and private investment plan to add thousands of additional centrifuges at Centrus' American Centrifuge Plant. Fluor will lead engineering and design of the expanded capacity in Ohio, manage the supply chain and procurement of key materials and services, oversee construction at the site, and support the commissioning of the new capacity.

"This project secures Fluor's foundational position in the critical U.S. uranium enrichment market by supporting the re-establishment of a domestic low-enriched uranium and high-assay low-enriched uranium capability," said Al Collins, Business Group President, Mission Solutions. "We are proud of our long-term relationship with Centrus and to be a part of a team that supports the revitalization of the United States' nuclear fuel supply chain."

"This is another critical milestone for us as we begin our expansion in earnest," said Centrus President and CEO Amir Vexler. "Fluor is a global leader with decades of experience managing complex nuclear construction projects and is an ideal partner as we transition to a large-scale deployment. With centrifuge manufacturing already underway, we are moving full speed ahead with our expansion."

The expansion project will establish Centrus as a leading LEU provider for existing reactors. It will also expand its current capacity to produce HALEU, which will be needed in the next few years to power a new generation of advanced reactors to meet the world's growing need for carbon-free electricity. The Piketon, Ohio plant is one of two licensed LEU-production facilities in the United States and the only licensed HALEU-production facility in the Western world.

The project is expected to create more than 1,300 Ohio jobs during construction and operation, contribute to local economic growth, and serve as a critical asset in the nation's energy infrastructure and national security.

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