DoDBuzz,Onlin eDefenseand AcquisitionJourn al- Military.com 1. Home 2. Land 3. Naval 4. Air5. Space 6. Cyber Security 7. Intelligence 8. Policy 9. International 10. Rumors search Home »Naval » Bechtel Wins $7 Billion Nuclear Propulsion Deal Bechtel Wins $7 Billion Nuclear Propulsion Deal By Brendan McGarry Monday, December 2nd, 2013 9:06 am Posted inNaval, Policy 2 people like this. Sign Up to see what your friends like. Like Bechtel Corp., the largest construction and engineering company in the U.S., won the De fense Department’s biggest contract in November. The San Francisco-based company received a $7 billion, multi-year deal with the Navy to design nuclear propulsion systems for submarines and surface ships. Most of the work will take place in upstate New York. Bechtel Marine Propulsion Corp. won the contract from the Naval Sea Systems Command to manage the government-owned Knolls Atomic Power Laboratory near Schenectady, N.Y., as well as the Bettis Atomic Power Laboratory outside Pittsburgh, Pa., a ccording to the Pentagon’s Nov. 5 announcement. It didn’t specify whether other companies also bid for the work. The contract topped a list of 200 awards announced in November, with a combined potential value of more than $30 billion, according to a Military.com analysis of the Pentagon’s daily contract announcements. The total monthly value was almost double that of Oc tober, the first month of the government’s fiscal year, but 4 percent lower than the average for the previous three months. The figures don’t reflect what is actually spent, or obligated, because many deals are only partially funded at first. For example, the Navy obligated $82.9 million for the Bechtel contract at the time of the award, and plans to spend $485 billion by the end of fiscal 2014, or Sept. 30, according to the announcement. The labs, which are technically owned by the Energy Department, are part of a program between the department and the Navy to develop and maintain nuclear-powered warships. Pag e 1 of 6 Bechtel Wins $7 Billion Nuclear Propulsion Deal | DoD Buzz 12/2/2013 http://www.dodbuzz.com/2013/12/02/bechtel-wins-7-billion-nuclear-propulsion-deal/
