This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Homeland Security Capital Corporation’s Subsidiary Safety And Ecology Corporation Announces That First ARRA-Funded Demolition Begins At Y-12 National Security Complex In Oak Ridge, TN

Homeland Security Capital Corporation (OTCBB: HOMS), an international provider of specialized technology-based radiological, nuclear, environmental, disaster relief and security solutions to government and commercial customers, announced today that its environmental remediation subsidiary, Safety and Ecology Corporation (SEC) has begun work at the Y-12 National Security Complex in Oak Ridge, TN., a demolition project award that was previously announced in December 2009, and is funded by the American Recovery and Reinvestment Act (ARRA).

“We’re pleased to start the Y-12 site project which will not only provide employment to workers in Tennessee but also is a good example of how stimulus funds are putting Americans back to work and helping our infrastructure,” said C. Thomas McMillen, Chairman and CEO of Homeland Security Capital Corporation.

As stated in a DOE issued press release:The Y-12 National Security Complex began its first demolition project funded by the American Recovery and Reinvestment Act (ARRA) on February 8, 2010. Building 9735 is the first of the ARRA deactivation and demolition projects at Y-12 to be torn down. Built in 1946 as an engineering laboratory, Building 9735 ceased operations in the mid-1990s. The demolition of Building 9735 is expected to take two to three days.

To complete this work, B&W Y-12 awarded a contract to SEC. The demolition of this 15,043-square-foot facility also completes the razing of an entire row of engineering buildings. The other six buildings on Engineering Row were demolished in 2008. Like other aging buildings on the Y-12 site, the deterioration of Building 9735 has been accelerating and making work in and around it more hazardous.

After the Building 9735 project is complete, the site will be converted into a 21-space parking lot for personnel on the east end of Y-12.

“By removing the contaminated footprint of buildings with radiological and hazardous material, and thus reducing risk to people and the environment, SEC is supporting Y-12’s goal toward eliminating buildings on the disposition list,” said Christopher Leichtweis, President of HOMS and CEO of SEC. “Performing this remediation allows Y-12 not only to reduce risks to workers and the environment but also to accelerate the site’s transformation plans.”

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs