Bwxt joint venture awarded strategic petroleum reserve contract

Lynchburg, va.--(business wire)--bwx technologies, inc. (nyse: bwxt) announced today a u.s. department of energy award to manage and operate the strategic petroleum reserve. strategic storage partners, llc was formed by lead parent company aptim federal services and bwxt technical services group, inc. to safely manage and operate the structures and systems of the strategic petroleum reserve. the estimated value of the contract is approximately $2.6 billion over 10 years, comprising a five-year.
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