Source: Oak Ridge Today | John Huotari | August 1, 2019

The contract to manage and operate the Y-12 National Security Complex in Oak Ridge and Pantex Plant near Amarillo, Texas, has been extended for two years, and the extension is valued at about $3.8 billion, the National Nuclear Security Administration said Wednesday.

More than $500 million in cost savings were verified during the first four years of the consolidated contract, according to the NNSA, which is part of the U.S. Department of Energy and oversees the work at Y-12 and Pantex, among other nuclear weapons sites.

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