Centrus Energy signs up to $900 million construction contract with Geiger Brothers
Centrus Energy's subsidiary American Centrifuge Operating signed a construction contract dated April 16, 2026, with Geiger Brothers for its Piketon, Ohio uranium enrichment expansion. The contract is capped at $900 million, and the final cost will depend on the detailed work the company authorizes, so shareholders will see the actual spending as task releases are issued.
Key points
- Contract dated April 16, 2026; Geiger Brothers is the primary construction contractor for the Piketon, Ohio expansion project.
- Aggregate payments are capped at $900 million under a time and materials structure with agreed labor rates.
- Performance period runs through January 30, 2031.
- The company expects to file the full contract as an exhibit to its Form 10-Q for the quarter ending June 30, 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 April 20, 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.