Centrus signs Fluor EPC deal for Piketon, Ohio uranium enrichment expansion
Centrus subsidiary American Centrifuge Operating signed an engineering, procurement and construction agreement with Fluor Federal Services on February 9, 2026, for design, construction and commissioning of its planned uranium enrichment facility in Piketon, Ohio. The contract is time and materials priced and total cost depends on scopes authorized in stages, so the filing gives no total contract value.
Key points
- Agreement signed February 9, 2026 with Fluor Federal Services, Inc., covering the Piketon, Ohio enrichment expansion
- Pricing is time and materials; ACO authorizes funds incrementally by stage gate, and the total price is not stated
- Either party may terminate for convenience; a termination fee of $24 million applies in the first 12 months, declining by $2 million each month
- Full agreement expected to be filed as an exhibit to the Form 10-Q for the quarter ending March 31, 2026
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:56 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 11, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.