GTS Duratek - Waste Processing for Naval Shipyards

["Sandy Perle" <sandyfl@earthlink.net>]

Wednesday March 10, 9:02 am Eastern Time

Company Press Release

GTS Duratek Announces $4.9 Million in Contracts From Waste 
Processing for Naval Shipyards  

COLUMBIA, Md.--(BUSINESS WIRE)--March 10, 1999--GTS 
Duratek Inc. (Nasdaq:DRTK - news) today announced that it has 
received a contract to transport, process, and recycle radioactively 
contaminated materials from the Pearl Harbor Naval 
Shipyard/Intermediate Maintenance Facility.  

An estimated total of 1.8 million pounds of material will be 
processed in the first year of the contract. The contract is for one 
year with one optional year. The estimated total for the base year 
of the contract is $3,900,000. If the option year is exercised, the 
total for both years will be $5,400,000.  

GTS Duratek also received a contract recently to process an 
estimated total of 500,000 pounds of lead and other metals from 
another Naval Shipyard. This contract value is estimated to 
approach $1 million and includes an option to extend the contract 
for two additional years at similar values.  

Robert E. Prince, President and CEO, said, ``GTS Duratek is very 
pleased to expand on our work with the Navy by providing our 
complete waste processing and transportation services to Pearl 
Harbor Naval Shipyard. The Bear Creek facility saw a 58 percent 
increase in the receipts of metals in 1998 as compared to 1997.  

``This increase is largely due to the decommissioning efforts of the 
Department of Defense, and we believe this trend will continue into 
1999 with the commercial decommissioning market.''  

GTS Duratek implements technologies and provides services, 
many of which are related to managing radiation and treating 
radioactive and hydrocarbon waste.  

Reference is made to such statements for a complete discussion 
of those factors, which include the ability to manage the 
commercial waste processing operations acquired from SEG and 
to obtain additional waste processing contracts, future awards by 
the DOE and other governmental agencies, public and political 
concerns surrounding radioactive waste clean-up efforts, and the 
timing of contract awards, extensions, and non-renewals in the 
technical support services area.  


Sandy Perle
E-Mail: sandyfl@earthlink.net 
Personal Website: http://www.geocities.com/capecanaveral/1205

"The object of opening the mind, as of opening 
the mouth, is to close it again on something solid"
              - G. K. Chesterton -
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