Centrus selects Geiger Brothers as construction contractor for Piketon enrichment plant expansion

CENTRUS ENERGY CORP

Contract capped at $900M; primary contractor for refurbishment, equipment installation, new infrastructure through Jan 30, 2031.
Geiger Brothers brings 100+ years experience; previously worked on Centrus' HALEU cascade and LEU demo cascade.
Fluor continues as EPC contractor for engineering, procurement, and project management.
Expansion adds thousands of AC100M centrifuges for LEU and HALEU; supports $2.3B commercial LEU backlog.
Centrifuge manufacturing launched Dec 2025 at Oak Ridge, TN.

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 Construction Contract with Geiger Brothers, Inc. valued at $900 million (effective 2026-04-16).

Action: entry
Counterparty: Geiger Brothers, Inc.
Value: $900 million
Effective: 2026-04-16

Exact text from the filing

On April 16, 2026, American Centrifuge Operating, LLC, a Delaware limited liability company (“ACO”) and a wholly owned subsidiary of Centrus Energy Corp. (the “Company”), entered into a contract (the “Construction Contract”) with Geiger Brothers, Inc. (the “Contractor”), for the performance of construction activities associated with the Company’s previously announced multi-billion dollar expansion of its uranium enrichment facility in Piketon, Ohio (the “Project”). Under the Construction Contract, Contractor will serve as the primary construction contractor for the Project, and will plan, manage, coordinate and support (a) refurbishment of the existing facilities, (b) installation of equipment and (c) construction of new infrastructure. Contractor may also perform procurement services as required. The period of performance under the Construction Contract extends through January 30, 2031. The Construction Contract provides for a time and materials pricing structure consisting of agreed

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Source: SEC EDGAR

accession 0001628280-26-025916

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