Perma-Fix Environmental Services (NASDAQ:PESI) Inc has been awarded a total of about $50 million in contract awards during the third quarter of 2021.
In a statement, the nuclear services company and leading provider of nuclear and mixed waste management services said the contract awards will be recognized over the next 18 to 24 months.
READ: Perma-Fix wins $6.5M service contract to support the Lawrence Berkeley National Laboratory
“I am pleased to report we have been awarded 3 contracts totaling approximately $50 million just since the end of the second quarter of 2021, including a single project valued at nearly $40 million we received last week,” said CEO Mark Duff.
“These new contracts, supporting the U.S. government, significantly enhance our project backlog within the Services Segment, now estimated at $74 million heading into the fourth quarter, and further validate our technical and service capabilities, as well as illustrate the success of our efforts to enhance our bidding organization.”
Duff added: “In addition to these latest awards, we are encouraged by our growing sales pipeline in both the nuclear services and waste treatment segments that will position Perma-Fix for solid growth in 2022.”
The company's nuclear waste services include management and treatment of radioactive and mixed waste for hospitals, research labs, and institutions, federal agencies, including the DOE, the US Department of Defense (DOD), and the commercial nuclear industry.
Perma-Fix's nuclear services group provides project management, waste management, environmental restoration, decontamination and decommissioning, new build construction, and radiological protection, safety, and industrial hygiene capability to our clients.
The company operates four nuclear waste treatment facilities and provides nuclear services at DOE, DOD, and commercial facilities nationwide.
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