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Raytheon To Replace Russian Plutonium Reactors With Coal Fired Plants
Reston - May 29, 2003 Under the terms of its Cooperative Threat Reduction Integrating Contract (CTRIC) Raytheon Company has been selected by the U.S. Department of Energy (DOE) to oversee the construction of a coal-fired power plant in Russia as part of a project to close down the last three operating plutonium production reactors in Russia. The contract will be a cost-plus award fee delivery order over the life of the project. The power plant will provide electricity and heat to the surrounding communities of Zheleznogorsk, a city in Siberia, replacing an aging nuclear facility that produces weapons-grade plutonium. Under the delivery order, Raytheon Technical Services Company LLC (RTSC) will partner with Fluor Corp., a world leader in the construction of coal- fired power plants. Fluor will lead the construction and technical management activities. The team will work with DOE to plan and approve the project design in phase one. Construction will begin in phase two. The entire scope of the project is estimated to take eight years. Raytheon will share in a total of $466 million that the Department of Energy has designated for the shutdown of these reactors. "We are excited about winning this contract which is an extension of our threat reduction activities in the former Soviet Union," said Bryan J. Even, a Raytheon vice president and president of Raytheon Technical Services Company LLC. "Our success on this project is enhanced both by our understanding of the Russian business environment, and by our teaming with a renowned leader of power plant construction, Fluor Corp., to provide the technical and domain expertise this project requires." RTSC has been doing business in Russia and the former Soviet Union (FSU) since 1988, and continues to perform on a broad range of contracts in the FSU, including the elimination of bombers and missiles, on-site inspection, logistics support of Cooperative Threat Reduction programs and construction- related services. Related Links Raytheon SpaceDaily Search SpaceDaily Subscribe To SpaceDaily Express Titan Wins $300 Million Defense Threat Reduction Agency Contract Washington - May 12, 2003 The Titan Corporation was one of three companies that the Defense Threat Reduction Agency (DTRA) has awarded an eleven-year Indefinite Delivery Indefinite Quantity (IDIQ) contract having a total potential value of $300 million to provide specialized engineering services to the agency. |
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