More than $3 billion in savings are expected during a decade, but it’s not clear yet how much money has been saved after three years under a consolidated contract at two nuclear weapons plants in Tennessee and Texas.
The savings of $3.27 billion are expected under a contract that could last 10 years at the Y-12 National Security Complex in Oak Ridge, Tennessee, and Pantex Plant in Amarillo, Texas.
On Monday, officials saidÂ Consolidated Nuclear Security LLC, the contractor at the two sites,Â has generated significant savings in three fiscal years, although it’s not clear exactly how much they’ve saved.Â CNSÂ has managed and operatedÂ Y-12 and Pantex Plant since July 1, 2014.
Federal officials announced the expected savings of $3.27 billion during a decade when the five-year contract was announced in January 2013. OfficialsÂ said the consolidated contract, the result of years of work, could save money in part by eliminating redundancies in such areas as human resources, purchasing, finance, and information technology. [Read more…]