NFS announces two contracts worth $100M
Today at 7:13 PM
ERWIN — Nuclear Fuel Services announced Wednesday that it has been awarded two new contracts totaling more than $100 million from the U.S. Department of Energy’s Naval Reactors Laboratory Field Office.
The first contract includes the manufacture and delivery of fuel and support activities for the U.S. Naval Propulsion Program, an NFS release states. NFS has been the sole manufacturer of nuclear fuel for the Navy’s fleet of nuclear-powered aircraft carriers and submarines since 1964.
The second contract provides for the development of material for future Naval Reactors programs.
Because the contracts pertain to naval programs, NFS spokeswoman Lauri Turpin said information that can be divulged regarding them is limited, but she said the contracts are each for one year and will go into effect in 2013.
“NFS is pleased to continue our important work for the U.S. Department of Energy and the Naval Reactors program,” NFS President Joe Henry stated in a release announcing the contracts. “We are pleased that our work supports U.S. national defense programs, and we are excited to use our unique technical capabilities and expertise to develop the next generation of nuclear fuel.”
Turpin also said NFS also is continuing its downblending operations, which sees highly enriched uranium downblended into material suitable for further processing into commercial nuclear reactor fuel.
“By converting uranium materials into useful fuel to generate electricity, NFS eliminates a threat to national security while powering the future of clean energy for American consumers and businesses,” the NFS release states.