ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

U.S. Army Corps of Engineers Awards Amentum Team $95.5 Million Contract to Decommission and Dismantle SM-1A Reactor

The U.S. Army Corps of Engineers – Baltimore District has awarded a contract to safely decommission and dismantle the SM-1A Reactor Facility to a team including Amentum. The standalone C-contract contract, with an estimated value of $95.5M over a 6-year ordering period, will integrate and leverage proven innovations to dispose of both hazardous and radioactive materials.

“As a global leader in environmental solutions, our experience in nuclear remediation is extensive,” said Mark Whitney, President of Amentum’s National Security Group. “Amentum will provide the Army Corps of Engineers with advanced engineering capabilities and solutions that have been successful at some of the most challenging environmental cleanup projects in the world.”

Under this new contract, the work will be performed at Fort Greely, Alaska and will include planning, permitting, and engineering, site preparation, demolition and disposal of facilities and components from the defueled nuclear reactor, related wells and utility corridors, and other ancillary facilities. The contract also includes remediation of contaminated soils, a final status survey, and site restoration.

The contract was awarded to the joint venture APTIM-Amentum Alaska Decommissioning, LLC (A3D). Other members of A3D’s team include Heritage – M2C1 Joint Venture, a HUBZone small business location in Delta Junction, AK; Lynden Logistics; Brice Environmental; Oak Ridge Technologies; ReNuke Services; AECOM Technical Services; and Delta Junction Medical.

“Our recent experience performing reactor decommissioning at Fort Belvoir and major U.S. Department of Energy sites will aid in the completion of the work safely and effectively at Fort Greely,” said Jim Blankenhorn, Amentum Senior Vice President of Environment & Security. “The expertise gained over decades of similar projects builds the Army Corps of Engineers’ confidence in our team to address the environmental challenge at Fort Greely.”

The SM-1A reactor achieved criticality in 1962 and was shut down in March of 1972, followed by the removal and disposition of the spent nuclear fuel in 1973. The primary mission of the single-loop, 20.2 megawatt-thermal pressurized water reactor was to establish a cold-weather nuclear power plant to support power to Fort Greely, with a secondary mission to study the economics of operating a nuclear electric power plant as compared to operating a conventional oil-fired system in a remote location.

An on-site kickoff meeting at Fort Greely will in late October 2023, paving the way for our preparatory work at the site. The team is targeting a full mobilization to the site by mid-2024. Project completion is currently anticipated by 2029. Project information can also be found on the USACE website www.nab.usace.army.mil/SM-1A/.

About Amentum

Amentum is a leader in global engineering, project management and solutions integration, trusted to modernize the most critical missions anywhere in the world. Driven to create a safer, smarter, cleaner world, we innovate as a team of inventive doers passionate about making a difference. Underpinned by a strong culture of ethics, safety and inclusivity, Amentum is fiercely committed to operational excellence and successful execution. Headquartered in Chantilly, Virginia, we have more than 44,000 employees in 85 countries in all 7 continents. Visit us at amentum.com to learn how we solve what’s next.

About APTIM

APTIM is a leading professional solutions firm with headquarters in Baton Rouge, Louisiana. We specialize in environmental services, resilience, sustainability, and energy solutions, as well as technical and data solutions, program management, and critical infrastructure. Our dedicated teammates apply their experience and expertise to provide integrated services and solutions for government agencies, commercial and industrial clients, and energy customers. APTIM commits to accelerating the transition toward a clean and efficient energy economy, building a sustainable future for our communities and natural world, and creating a more inclusive and equitable environment that celebrates the diversity of our people. Learn more at APTIM.com and connect with us on Facebook, Instagram, LinkedIn, and Twitter.

Contacts

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.