NFS Bags USD 302 Mln Deal from US Energy Department

February 27, 2014

The Babcock & Wilcox Company (B&W) announced today that its subsidiary Nuclear Fuel Services, Inc. (NFS) has been awarded two new contracts for fuel and materials services totaling up to approximately $302 million from the U.S. Department of Energy, Naval Reactors Laboratory Field Office.

The first contract is a one-year contract with a one-year option, which includes the manufacture and delivery of fuel and support activities for the U.S. Naval Nuclear Propulsion Program. NFS has been the sole manufacturer of nuclear fuel for the U.S. Navy’s fleet of nuclear-powered aircraft carriers and submarines since 1964.

The second award is also a one-year contract with a one-year option, which provides for the development of material for future Naval Reactors programs.

Work under the contracts will be performed at NFS facilities in Erwin, Tenn. This work began in January 2014 and is scheduled to continue through February 2016.

“B&W is pleased to receive these contracts to supply nuclear fuel and materials for the U.S. Naval Reactors program,” said Joe Henry, President of Nuclear Fuel Services. “We’re proud to support these critical defense projects, and are focused on the safe, reliable and cost-effective delivery of these products and services to our Government customer.”

NFS employs a full-time workforce of approximately 1,000 people, including long-term contractors and security personnel.

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Press Release, February 27, 2014, 2014; Image: NFS