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Perma-Fix selected by US Department of Energy for 10-year waste clean-up contract team

The company is part of one of ten teams who can compete for tasks worth a total of $3 billion over the 10-year period

Nuclear power plant
Perma-Fix is a leading provider of nuclear and waste-management services and also offers engineering-consulting services to the industrial and commercial sectors

Perma-Fix Environmental Services Inc (NASDAQ:PESI) announced Monday that it has been selected by the US Department of Energy (DOE) as part of a team to participate in a 10-year waste management contract. 

The department’s office of environmental management has offered the company and nine other teams a nationwide indefinite delivery/indefinite quantity (IDIQ) contract to provide deactivation, decommissioning and removal (DD&R) services, the group said.

The teams are eligible to compete for firm fixed price and cost reimbursement task orders with a ceiling of $3 billion over the 10-year period.

READ: Perma-Fix Environmental wins $7 million contract with US federal government

“Within the DD&R scope of work, Perma-Fix will provide value-added solutions to include waste support services such as waste characterization, packaging, and handling, along with radiation protection and facility characterization, all of which are within our core expertise,” Perma-Fix CEO Mark Duff said in a statement.

“This award reflects our strong track record and success of our project team in establishing key industry partnerships to address the unique challenges at DOE in a safe and cost-effective manner."

The contact addresses DOE's strategic goal of cleaning up the nation's Manhattan Project and Cold War legacy, the company said. The work under this multi-award contract vehicle supports sites across the US, including at the office of Environmental Management, the National Nuclear Security Administration, the office of Naval Reactors and the office of Science.

Based in Atlanta, Perma-Fix is a leading provider of nuclear and waste-management services and also offers engineering-consulting services to the industrial and commercial sectors.

Contact Andrew Kessel at [email protected]

Follow him on Twitter @andrew_kessel

Quick facts: Perma-Fix Environmental Services

Price: 6.82 USD

Market: NASDAQ
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