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    GTS Duratek Inc.
    list rank

    From the April 28, 1997 Washington Post


    '96 (in $ 000s) % Change From '95
    Revenue 44,285 9.6
    Net Income 2,057 41.5
    Rank Last Year: 93

    Description:
    GTS Duratek Inc. uses technology and services to convert waste into environmentally safe forms, such as durable glass. Much of the company's revenue is derived from nuclear power plants that need help with waste disposal. The Department of Energy also has hired GTS to assist in waste conversion efforts.

    Business Resume:
    • Contact Info --
      10100 Old Columbia Rd.
      Columbia, Md. 21046
      410-312-5100
    • Main Business --
      Environmental
      technology-engineering
    • Founded --
      1983
    • Chairperson --
      Daniel A. D'Aniello
    • President --
      Robert E. Prince (CEO)
    • Employees --
      559
    • D.C.-Area Employees --
      30
    Developments:
    Last year GTS landed several large contracts, including a roughly 20 percent share of a 12-year, $3 billion contract through the DOE to help clean up a site in Washington state and a 20 percent share of an 18-year, $1 billion project through the Idaho National Engineering Laboratory. Earlier this month GTS Duratek agreed to buy Scientific Ecology Group Inc., the country's largest commercial radioactive waste processing company, for about $30 million from Westinghouse Electric Corp.

    But Wall Street dealt GTS a setback in October when analysts scaled back earnings estimates because of delays in the opening of new GTS Duratek plants. The company's stock dropped from about $18 a share in October to $8.75 on Friday.

    Copyright 1997 The Washington Post

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