“The write-off does not affect future investment in ACP. It is not an abandonment of the project or a decision not to proceed with the project. It does not involve the cooperative research, development and demonstration program, which is referred to as the RD&D program. No taxpayer funds are at risk.“We are on schedule and on budget for RD&D program,” Welch said. “We continue to be committed to moving forward with commercialization of the American Centrifuge. We believe the technology is the path to USEC’s long-term competitiveness in the uranium enrichment business and the best way to maximize value for all stakeholders.”
USEC Reports Financial Results For The Fourth Quarter And Full Year 2012
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.