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Centrus Energy (LEU) Enters $25M Follow-on Contract with UT-Battelle

Go back to Centrus Energy (LEU) Enters $25M Follow-on Contract with UT-Battelle

Centrus Signs Contract for Advancing U.S. Enrichment Technology

September 22, 2016 8:45 AM EDT

BETHESDA, Md.--(BUSINESS WIRE)-- Centrus Energy Corp. (NYSE MKT: LEU) announced today it has entered into a new follow-on contract with UT-Battelle, LLC, as operator of the U.S. Department of Energys Oak Ridge National Laboratory, for maintaining and advancing U.S. gas centrifuge uranium enrichment technology. The contract is valued at approximately $25 million and runs through September 30, 2017. Under the terms of the contract, Centrus will perform engineering and testing work on the American Centrifuge uranium enrichment technology to support future national security and energy security needs.

With this contract, our scientists,... More