Centrus Energy (LEU) announced that its subsidiary, American Centrifuge Operating, has won an award from the U.S. Department of Energy aimed at expanding domestic commercial production of Low-Enriched Uranium, or LEU, to meet the needs of existing and future nuclear reactors. This is the third selection for Centrus under a series of three solicitations from the Department as part of a program to restore America’s domestic nuclear fuel supply for LEU and High-Assay, Low-Enriched Uranium. ACO is one of six awardees being announced today for LEU production, with a minimum contract value of $2M and a maximum value for all awardees of $3.4B over a ten-year period. The ultimate dollar amount associated with this award – and the potential scale of the expansion supported – will depend upon task orders subsequently issued by the U.S. Department of Energy to Centrus.
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