BWX Technologies Says NFS Subsidiary Was Selected By US Department of Energy As One Of The Successful Bidders For High-Assay Low-Enriched Uranium Deconversion Services
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BWX Technologies' subsidiary, NFS, has been selected by the US Department of Energy for a contract involving high-assay low-enriched uranium deconversion services. This is an indefinite-delivery, indefinite-quantity contract with a minimum ordering guarantee of $2 million.
October 08, 2024 | 9:17 pm
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BWX Technologies' subsidiary, NFS, has been awarded a contract by the US Department of Energy for uranium deconversion services. This contract is indefinite-delivery, indefinite-quantity, with a minimum guarantee of $2 million, potentially leading to increased future orders and revenue.
The contract award to NFS, a subsidiary of BWX Technologies, by the US Department of Energy is significant as it opens up opportunities for future orders under an indefinite-delivery, indefinite-quantity framework. The minimum guarantee of $2 million ensures some revenue, but the potential for more orders could positively impact BWXT's financials.
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