GTS Duratek Announces Services Subcontract With Bechtel Jacobs.Business Editors COLUMBIA, Md.--(BUSINESS WIRE)--March 9, 2000 GTS GTS abbr. gas turbine ship Duratek, Inc. (Nasdaq:DRTK) announced today that it has received a services subcontract for Bechtel Jacobs Company LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control to provide low level waste treatment off-site. GTS Duratek will provide packaging, transportation and waste processing. The subcontract has a three year base period with two one-year options. The subcontract scope is indefinite quantity and the subcontract value is a five year not exceed $21 million. Robert E. Prince, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. said, "Winning this contract with Bechtel Jacobs in support of its U.S. Department of Energy contract at the Oak Ridge Reservation is an important step for the Company. The Department of Energy is expecting to release approximately $40 billion in contracts over the next few years." GTS Duratek implements technologies and provides services which protect people from radiation and the environment from radioactive wastes. GTS Duratek has included in its periodic filings under the Securities Exchange Act of 1934, including its Form 10-Q Form 10-Q See 10-Q. for the quarter ended September 30, 1999, pursuant to the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions contained in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, certain cautionary statements which are intended to identify certain important factors that could cause GTS Duratek's actual results to differ materially from those contained in forward-looking statements of GTS Duratek made by or on behalf of GTS Duratek. Reference is made to such statements for a complete discussion of those factors. |
|
||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion