Centrus signs EPC contract with Fluor for multi-billion-dollar Ohio enrichment plant expansion

CENTRUS ENERGY CORP

American Centrifuge Operating subsidiary signed EPC agreement with Fluor Federal Services for design, procurement, construction, and commissioning of Piketon facility.
Time-and-materials pricing with stage-gate funding; termination fee starts at $24M, decreasing $2M/month for first 12 months if ACO terminates for convenience.
Centrus holds $2.3B LEU contingent backlog; planning 12 metric tons HALEU annual capacity; awarded $900M DOE HALEU task order in January 2026.
Centrifuge manufacturing underway; company investing over $560M to convert Oak Ridge factory to high-rate production.
Fluor will lead engineering, supply chain management, construction oversight, and commissioning support for the multi-year expansion project.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CENTRUS ENERGY CORP entered into Engineering, Procurement and Construction Agreement with Fluor Federal Services, Inc. (effective 2026-02-09).

Action: entry
Counterparty: Fluor Federal Services, Inc.
Effective: 2026-02-09

Exact text from the filing

On February 9, 2026, American Centrifuge Operating, LLC, a Delaware limited liability company (“ACO”) and a wholly owned subsidiary of Centrus Energy Corp. ("the Company"), entered into an engineering, procurement and construction agreement (the “EPC Agreement”) with Fluor Federal Services, Inc. (the “Contractor”), for the design, engineering, procurement, construction, and commissioning of the Company’s previously announced commercial uranium enrichment facility in Piketon, Ohio (the “Project”).

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Source: SEC EDGAR

accession 0001628280-26-007110

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