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Last $3.33 USD
Change Today +0.1536 / 4.83%
Volume 94.5K
LEU On Other Exchanges
As of 1:04 PM 10/6/15 All times are local (Market data is delayed by at least 15 minutes).

centrus energy corp-class a (LEU) Snapshot

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10/22/14 - $8.72
52 Week Low
09/29/15 - $2.61
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centrus energy corp-class a (LEU) Details

Centrus Energy Corp. supplies low enriched uranium (LEU) for commercial nuclear power plants in the United States, Japan, and internationally. The company operates in two segments, LEU and Contract Services. Its LEU is a component in the production of nuclear fuel for reactors to produce electricity. The company sells separative work units (SWU) component of LEU; SWU and uranium components of LEU; and uranium for utilities that operate nuclear power plants. It also focuses on deploying the American Centrifuge technology, a uranium enrichment gas centrifuge technology for commercial purposes, and to support U.S. energy and national security. The company was formerly known as USEC Inc. and changed its name to Centrus Energy Corp. in September 2014. Centrus Energy Corp. was founded in 1951 and is headquartered in Bethesda, Maryland.

507 Employees
Last Reported Date: 03/16/15
Founded in 1951

centrus energy corp-class a (LEU) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

centrus energy corp-class a (LEU) Key Developments

Centrus Energy Corp. Possible to Layoffs about 380 Workers Including 145 in Oak Ridge over the Next Couple of Months

Centrus Energy Corp. confirmed that it had delivered notices to about 380 workers including 145 in Oak Ridge warning of possible layoffs over the next couple of months. The company has been maintaining the centrifuge project under a subcontract to Oak Ridge National Laboratory, which was appointed by DOE to oversee the work. The current contract is set to expire on September 30, and it hopeful that the laboratory will make funds available to continue advancing this technology.

Oak Ridge National Laboratory Extends Contract with Centrus Energy

Centrus Energy Corp. announced that Oak Ridge National Laboratory has informed the company that it intends to extend its contract with the company at a reduced level for research on the most advanced uranium enrichment centrifuges. DOE's decision to provide reduced funding will support continued developments of the company's American Centrifuge technology which have long-term importance for national and energy security. The new contract will cover the period from October 1, 2015, to September 30, 2016, with the possibility for additional extensions. It excludes continued operations of America's only operating cascade of advanced uranium enrichment centrifuges in Piketon, Ohio. Funding will be reduced by approximately 60% to $35 million per year, and the scope of activities will be limited to development activities in Oak Ridge, Tennessee.

Centrus Energy Corp. Announces Management Appointments

Centrus Energy Corp. announced that Kevin Alldred will be appointed as senior vice president, business strategy and Elmer Dyke as senior vice president, business operations. Alldred and Dyke’s appointments will be effective on October 1 and September 1, respectively. Mr. Alldred will lead the company’s effort in strategic business planning and the development of new business and market opportunities designed to advance Centrus shareholders’ interests through project development, contractual arrangements, and strategic business alliances. He will be responsible for identifying and expanding business opportunities beyond the LEU business segment in commercial and governmental markets, in order to satisfy Centrus customers’ requirements. Mr. Dyke will be responsible for all aspects of the company’s Low Enriched Uranium (LEU) business. This includes the sourcing, sales, and delivery of LEU and uranium to customers in the United States and around the world. Mr. Alldred has more than 30 years of nuclear industry experience in senior roles focused on international project and program management, nuclear fuel trading, isotope trading, sales and marketing, and radioactive waste management. He has also provided consulting support to governments and commercial organizations, including training in strategic and financial planning and analyses. Most recently, Mr. Alldred worked for the International Atomic Energy Agency (IAEA). Mr. Dyke has 30 years of experience and leadership in the nuclear industry focusing on the nuclear fuel cycle and nuclear nonproliferation issues. He has consulted for the U.S. Department of Energy (DOE), the National Nuclear Security Administration and other U.S. government organizations, including several U.S. National Laboratories and numerous international agencies. Mr. Dyke most recently served as vice president for sales at NAC International. He also served as senior vice president of NAC’s global consulting business.


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