Fluor Wins $1B+ Contract to Expand Centrus’ Ohio Uranium Enrichment Plant

Event summary

  • Fluor secures multi-year contract to expand Centrus’ LEU/HALEU enrichment facility in Piketon, Ohio.
  • Project involves adding thousands of centrifuges, with Fluor handling engineering, procurement, and construction.
  • Expansion expected to create 1,300+ jobs and position Centrus as a leading LEU provider for U.S. reactors.
  • Piketon plant is the only licensed HALEU-production facility in the Western world.

The big picture

This deal solidifies Fluor’s role in the U.S. nuclear sector while advancing Centrus’ goal of revitalizing domestic uranium enrichment. The project aligns with broader efforts to secure carbon-free energy sources, particularly as advanced reactors demand more HALEU. With $16.3B in 2024 revenue, Fluor leverages this contract to strengthen its position in large-scale infrastructure projects.

What we're watching

Execution Risk
Whether Fluor can deliver on schedule amid complex nuclear construction challenges.
Market Positioning
How Centrus’ expanded HALEU capacity will compete with global suppliers.
Policy Impact
The pace at which U.S. nuclear fuel supply chain policies evolve to support domestic production.