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The Department of Energy will not pick up the remaining options on Bechtel National-led Consolidated Nuclear Security’s contract to manage the Y-12 National Security Complex and the Pantex Plant, which now will expire after Sept. 30, 2021. Consolidated Nuclear Security (CNS) will leave three years worth of options on the table. The contract is worth roughly $2 billion annually. CNS fell well short of the 80% at-risk fee-take it needed to earn in 2019 to trigger the next two-year option…
