NFS’s parent company, BWXT Technologies, announced the contract awards in a press release issued Wednesday
According to the release, the contracts were awarded in the fourth quarter of 2017 and work is already underway with the majority expected be completed in 2018.
The contracts follow more than $700 million in fuel production and enriched uranium downblending contracts awarded to NFS by the program and the US Department of Energy’s National Nuclear Security Administration in early 2016. The 2016 contracts included a $465 million fuel production that was expected to continue through early 2019.
The sole manufacturer of nuclear fuel for the Navy, NFS employs approximately 1,000 workers at its Erwin facility.
In a statement included in BWXT’s announcement of the new contracts, NFS President Joel W. Duling said the employees work hard to “ensure the U.S. Navy’s nuclear-powered fleet has fuel of the highest quality to successfully achieve its missions around the world.”
Based in Lynchburg, Va., with approximately 6,100 employees in nine operating sites in the U.S. and Canada, BWX Technologies is a leading supplier of nuclear components and fuel to the U.S. government and also supplies components, services and fuel to the commercial nuclear power industry.
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