Perma-Fix Awarded $24 Million Contract for Demolition and Disposal Project at Lawrence Livermore National Laboratory

Rhea-AI Summary

Perma-Fix (NASDAQ: PESI) was awarded a two-year master task agreement valued at approximately $24 million by Lawrence Livermore National Security to perform demolition, excavation and waste management at Lawrence Livermore National Laboratory.

The work will draw on Perma-Fix’s radiological and hazardous waste expertise, involve three local subcontractors, and aims to support LLNS performance objectives through disciplined execution and stakeholder coordination.

Positive

• $24 million two-year master task agreement awarded
• Expands nuclear services project portfolio at Lawrence Livermore
• Execution planned with three local subcontractors, reinforcing local capacity

Negative

• None.

News Market Reaction – PESI

-2.16%

4 alerts

-2.16% Session close to close

$206.06M Market Cap

0.1x Rel. Volume

In the Mar 26 session, PESI declined 2.16%, reflecting a moderate negative market reaction. Our momentum scanner triggered 4 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights a two-year, $24 million master task agreement at Lawrence Livermore Nat...

Analysis

This announcement highlights a two-year, $24 million master task agreement at Lawrence Livermore National Laboratory, reinforcing Perma-Fix’s role in complex nuclear demolition, excavation, and waste management. It builds on earlier capacity expansions and backlog growth in treatment services. Investors may watch how efficiently the company executes this LLNL project, its impact on future backlog, and whether continued government-related awards help narrow losses and support longer-term operational stability.

Key Figures

Contract value: $24 million Contract term: Two years Local subcontractors: Three

3 metrics

Contract value $24 million Two-year master task agreement with LLNS for LLNL project

Contract term Two years Duration of master task agreement at LLNL

Local subcontractors Three Number of local subcontractors partnering on LLNL project

Historical Context

5 past events · Latest: Mar 24 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Mar 24	Full-year 2025 results	Neutral	-10.4%	Reported 2025 revenue, backlog growth tied to Hanford cleanup, and net loss.
Mar 20	Conference call notice	Neutral	-3.6%	Announced scheduling of Q4 2025 business update conference call with management.
Jan 09	Permit expansion	Positive	+0.8%	Received renewed PFNW permit roughly tripling liquid mixed waste capacity.
Dec 04	PFAS partnership	Positive	+3.8%	Announced joint distribution agreement for PFAS foam transition solutions.
Nov 10	Q3 2025 earnings	Positive	+16.2%	Reported Q3 revenue growth, stronger Treatment margins, and narrower net loss.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent news has generally seen price moves aligned with the tone of announcements, with positive operational updates (permits, partnerships, earnings improvement) followed by positive reactions and more routine updates seeing modest to negative moves.

Recent Company History

Over the past few months, Perma-Fix highlighted key operational and financial milestones, including 2025 revenue of $61.7 million and a treatment backlog of about $11.9 million. Regulatory permits roughly tripled liquid mixed waste capacity at PFNW to about 1.2 million gallons annually, and PFAS-focused initiatives advanced via a joint distribution agreement. Earlier earnings showed improved Treatment Segment margins and a narrower net loss. Today’s LLNL demolition and disposal award extends this narrative of leveraging specialized nuclear and hazardous waste capabilities into project wins.

Key Terms

master task agreement, radiological, hazardous waste, nuclear waste management, +1 more

5 terms

master task agreement financial

"awarded a two-year master task agreement valued at approximately $24 million"

A master task agreement is a standing contract that sets the general terms, pricing rules and responsibilities between a buyer and a service provider so that specific jobs can be started quickly by issuing short, separate task orders. For investors it matters because such agreements create predictable, repeatable revenue streams and lower negotiation friction, much like a season ticket that guarantees ongoing business under pre‑agreed conditions and pricing.

radiological medical

"technical expertise in complex radiological and hazardous waste handling"

Relating to medical imaging or the use of ionizing radiation for diagnosis and treatment, such as X-rays, CT scans, MRIs, or radiation therapy; it covers the equipment, procedures, and safety controls used to create images of the body or deliver targeted radiation. Investors care because radiological technologies drive revenue in hospitals, diagnostic centers and device makers, influence reimbursement and regulatory risk, and can be a competitive advantage much like a faster, more accurate camera in a photographer’s kit.

hazardous waste technical

"complex radiological and hazardous waste handling, facility decontamination"

Hazardous waste is material—liquid, solid or gas—that is dangerous to people or the environment because it is flammable, corrosive, toxic or chemically unstable, like a household chemical that would need special disposal instead of the trash. For investors it matters because companies that generate, store or clean up such waste face legal rules, cleanup costs, fines and reputational damage that can reduce profits, trigger unexpected liabilities and affect a company’s valuation, much like a hidden repair bill for a property.

nuclear waste management technical

"facility decontamination, and nuclear waste management."

Nuclear waste management is the planning and actions used to treat, contain, transport and store radioactive materials left over from power generation, medical use or industrial processes so they don’t harm people or the environment. It matters to investors because it creates long‑term costs, regulatory obligations and reputational risk—similar to maintaining a building’s foundation to prevent future collapse—so how a company handles waste affects future cash flow, liability and project timelines.

demolition and disposal technical

"for demolition and disposal at Lawrence Livermore National Laboratory"

The process of safely tearing down buildings or structures and handling the resulting materials and waste, including removal, recycling, transportation and proper disposal of any hazardous substances. Investors care because demolition and disposal create predictable and surprise costs, regulatory approvals and timelines that affect project budgets, asset values and potential liabilities—similar to clearing a lot before building, where hidden obstacles can raise expenses and delay returns.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Two-year master task agreement expands Perma-Fix’s nuclear services project portfolio and reinforces its long-standing relationship supporting work at LLNL

ATLANTA, March 26, 2026 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced it has been awarded a two-year master task agreement valued at approximately $24 million by Lawrence Livermore National Security, LLC (“LLNS”) for demolition and disposal at Lawrence Livermore National Laboratory (“LLNL”) in Livermore, California.

Under the agreement, Perma-Fix will provide demolition, excavation, and waste management services to support the safe disposition of these facilities as part of site efforts aligned with LLNL’s national security mission. The project is expected to draw on Perma-Fix’s technical expertise in complex radiological and hazardous waste handling, facility decontamination, and nuclear waste management.

Perma-Fix will execute the project in partnership with three local subcontractors and will focus on safely advancing demolition and disposal work while minimizing impacts to surrounding operations and site activities. The Company expects its approach will support LLNS’ performance objectives through disciplined project execution, risk management, and close coordination with site stakeholders.

Mark Duff, President and Chief Executive Officer of Perma-Fix, commented, “Perma-Fix’s long-standing relationship with LLNS, including more than a dozen successful related projects performed at LLNL, has enabled our team to develop a strong understanding of site-specific risks, processes, communication protocols, and operational priorities. We are pleased that LLNS has entrusted Perma-Fix and our project partners with this important assignment, which reflects our strengths in technical execution, safe project delivery, and disciplined support of critical government missions.”

About Perma-Fix Environmental Services

Perma-Fix Environmental Services, Inc. is a nuclear services company and leading provider of nuclear and mixed waste management services. The Company's nuclear waste services include management and treatment of radioactive and mixed waste for hospitals, research labs and institutions, federal agencies, including the U.S. Department of Energy (“DOE”), the U.S. Department of War (“DOW”), and the commercial nuclear industry. The Company’s nuclear services group provides project management, waste management, environmental restoration, decontamination and decommissioning, new build construction, and radiological protection, safety and industrial hygiene capability to our clients. The Company operates four nuclear waste treatment facilities and provides nuclear services at DOE, DOW, and commercial facilities, nationwide.

Please visit us at http://www.perma-fix.com.

This press release contains “forward-looking statements” which are based largely on the Company's expectations and are subject to various business risks and uncertainties, certain of which are beyond the Company's control. Forward-looking statements generally are identifiable by use of the words such as “believe”, “expects”, “intends”, “anticipate”, “plans to”, “estimates”, “projects”, and similar expressions. Forward-looking statements include, but are not limited to: support LLNS’s performance objectives through the Company’s approach. These forward-looking statements are intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. While the Company believes the expectations reflected in this news release are reasonable, it can give no assurance such expectations will prove to be correct. There are a variety of factors which could cause future outcomes to differ materially from those described in this release, including, without limitation, future economic conditions; industry conditions; competitive pressures; the government or such other party to a contract granted to us fails to abide by or comply with the contract or to deliver waste as anticipated under the contract or terminates existing contracts; and Congress fails to provide funding for the DOE’s and DOW’s remediation projects; and the additional factors referred to under “Risk Factors” and "Special Note Regarding Forward-Looking Statements" of our 2025 Form 10-K. The Company makes no commitment to disclose any revisions to forward-looking statements, or any facts, events or circumstances after the date hereof that bear upon forward-looking statements.

Contacts:
David K. Waldman-US Investor Relations
Crescendo Communications, LLC
(212) 671-1021

Herbert Strauss-European Investor Relations
herbert@eu-ir.com
+43 316 296 316

FAQ

What is the value and duration of Perma-Fix's contract at LLNL (PESI)?

Perma-Fix secured an approximately $24 million contract over two years. According to the company, the master task agreement covers demolition, excavation and waste management at LLNL, starting from the March 26, 2026 announcement and executed with three local subcontractors.

What services will Perma-Fix (PESI) provide under the LLNL contract?

Perma-Fix will provide demolition, excavation, and waste management services at LLNL. According to the company, work focuses on facility disposition, radiological/hazardous waste handling, decontamination, and nuclear waste management with risk management and stakeholder coordination.

How does the LLNL award affect Perma-Fix's relationship with LLNS (PESI)?

The award reinforces Perma-Fix's long-standing relationship with LLNS, reflecting more than a dozen prior projects. According to the company, this history supports site-specific knowledge, protocols familiarity, and confidence in safe project delivery.

Will Perma-Fix use subcontractors for the LLNL demolition project (PESI)?

Yes, Perma-Fix will partner with three local subcontractors to execute the project. According to the company, these partnerships aim to support safe demolition and disposal while minimizing impacts to surrounding operations and site activities.

What safety and technical capabilities does Perma-Fix cite for the LLNL job (PESI)?

Perma-Fix cites expertise in complex radiological and hazardous waste handling and facility decontamination. According to the company, technical capabilities and disciplined execution are central to meeting LLNS performance objectives for safe project delivery.

When was the LLNL contract announcement made for Perma-Fix (PESI)?

Perma-Fix announced the LLNL contract on March 26, 2026. According to the company, the two-year master task agreement is valued at approximately $24 million and is intended to support LLNL demolition and disposal efforts.