Centrus signs $900 million DOE contract for commercial HALEU enrichment capacity
Centrus Energy's subsidiary American Centrifuge Operating signed a $900 million fixed-price contract with the U.S. Department of Energy on June 30, 2026, to deploy HALEU enrichment capacity at its Piketon, Ohio facility. The contract replaces a demonstration contract as the company moves toward commercial production, and the press release says the total value with options is $1.07 billion.
Key points
- Firm fixed price of $900 million, paid as performance-based milestone payments, with one metric ton of HALEU UF6 to be delivered by March 2032
- Two options at the Department's discretion, each for five metric tons at $17 million per metric ton ($85 million per five metric tons), for a total of $170 million in options
- Demonstration contract extended three months with a $15 million HALEU storage extension; first new capacity expected to come online by 2029
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 July 02, 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.