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| Period | Contract | Printed quantity | Printed value | Status |
|---|---|---|---|---|
| 2019-2022 | HALEU Demonstration Contract | Cascade of 16 AC100M centrifuges (construction) | DOE funded up to $173.0 million | Period of performance ended 30 November 2022 |
| Nov 2022 award / Nov 2023 delivery | HALEU Operation Contract Phase 1 | 20 kg HALEU UF6 (first contractual delivery 7 Nov 2023) | Base contract about $150.0 million in two phases. Phase 1 about $30 million Centrus and $30 million DOE cost-share | Complete |
| Nov 2023-Jun 2025 | HALEU Operation Contract Phase 2 | 900 kg HALEU UF6 for one production year (delivered June 2025) | Initial about $90.0 million. Funded value $170.1 million as of 31 December 2025. Fee after November 2024 not definitized | Complete. Cylinder delays pushed the original November 2024 delivery date |
| Jun 2025-Jun 2026 | HALEU Operation Contract Option 1a (Phase 3) | Additional 900 kg HALEU UF6 (completed mid-June 2026). Cumulative more than 1,900 kg over the contract | Target cost about $99.3 million and fee $8.7 million. Funded $108.2 million as of 30 June 2026 | Production complete. DOE owns HALEU produced under the Operation Contract |
| Jul-Sep 2026 | HALEU Operation Contract Option 1b (as amended 30 June 2026) | No HALEU production. Cascade maintenance and storage only | Fixed price $15.0 million. Performance through 30 September 2026 | Exercised. DOE has said it does not currently intend to exercise further Operation Contract options |
| Jul 2026 | HALEU Production Contract $900 million task order | 1 MTU HALEU UF6 at nominal 19.75% U-235 by July 2032. Options: two deliveries of 5 MTU each | $900.0 million firm fixed price. Options $17.0 million per MTU ($85.0 million per 5 MTU). Total with options $1.07 billion | Signed 30 June / 1 July 2026. Title to deployed capacity transfers on completion |
| Period | Printed measure | Printed value | Notes |
|---|---|---|---|
| 2019 design / 2023-2026 operations | HALEU demonstration cascade centrifuges | 16 AC100M | 10-K: cascade of 16 AC100M centrifuges. August 2026 deck: about 16. Still the operating cascade as of Q2 2026 |
| Phase 2 production year | Printed annual output from the demonstration cascade | 900 kg HALEU UF6 | Operation Contract Phase 2: one production year at 900 kg. Delivered June 2025 |
| YE 2026 (guidance) | First new centrifuge (Oak Ridge manufacturing) | Expected by year-end 2026 | Q2 2026 earnings release operational outlook. Not yet reported as complete |
| 2029 (target) | First full commercial cascade in Piketon | Expected 2029 | 10-K: first new centrifuges produced in Oak Ridge expected to come online in Ohio in 2029. August 2026 deck: first full cascade expected 2029 |
| After 2030 (target) | HALEU nameplate target | 12 metric tons per year | Printed as sometime after 2030, with at least some HALEU production by the end of the decade. Not a current run-rate |
| Aug 2026 deck (illustrative) | Existing process buildings: cascades and SWU | 96 cascades / about 3.5 million SWU per year | Deck labels 3.5 million SWU / 96 cascades = about 36,000 SWU per cascade as illustrative. Licensing described as available to expand to 7 million SWU per year. Not installed capacity today |
| Period | SWU volume YoY (%) | SWU avg price YoY (%) | |
|---|---|---|---|
| Q2 2025 | -27 | 24 | Q2 2025 vs Q2 2024 |
| Q3 2025 | -69 | Volume percent not printed. Price -69% vs Q3 2024 | |
| FY 2025 | 23 | -1 | Full year 2025 vs 2024 |
| Q1 2026 | -47 | 52 | Q1 2026 vs Q1 2025 |
| Q2 2026 | -23 | 3 | Q2 2026 vs Q2 2025 |