New LANL legacy clean up contract to start soon
NEWPORT NEWS, Va., Jan. 24, 2018 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE:HII) announced today that the U.S. Department of Energy (DOE) has issued a notice to proceed into transition for the Los Alamos Legacy Cleanup Contract to Newport News Nuclear BWXT-Los Alamos, LLC (N3B), a joint venture led by SN3, part of HII’s Technical Solutions division, with partner BWXT Technical Services Group, Inc. The 90-day contract transition period begins today and will lead into a base period of five years and option periods of three years and two years, respectively, with a total period of performance of up to 10 years and three months. The total value of the contract is $1.39 billion if all options are exercised.
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