APTIM and BWX Technologies, Inc. Awarded $1.4 Billion Contract for Strategic Petroleum Reserve

Core Insights - APTIM and BWX Technologies have been awarded a $1.4 billion contract by the US Department of Energy to manage and operate the Strategic Petroleum Reserve for a five-year term, with a potential five-year extension [1][2] - The Strategic Petroleum Reserve is the world's largest supply of emergency crude oil, holding 714 million barrels, aimed at minimizing disruptions in US petroleum supplies during international oil shortages [3] Company Overview - APTIM focuses on enhancing environmental quality, community resilience, and employee opportunities, providing integrated solutions in environmental, sustainability, and infrastructure sectors [4] - BWX Technologies is a Fortune 1000 company specializing in nuclear solutions for global security, clean energy, and environmental restoration, with approximately 7,800 employees and 14 major operating sites [5]