Top 10 Bailout Money Recipients

By Tisa Silver | December 01, 2009 AAA
Top 10 Bailout Money Recipients

The American Recovery and Reinvestment Act (ARRA) made $275 billion available for federal contracts, grants and loans. As of October 30, 2009, recipients reported over 130,000 awards, approximately 10% of which were in the form of contracts. Where did your tax dollars go? Here are the top 10 ARRA contract recipients.

  1. Savannah River Nuclear Solutions, LLC - Total Amount Awarded: $1,407,839,884
    Topping the list with over $1.4 billion in awarded funds is Savannah River Nuclear Solutions, LLC. The firm, known in short as SRNS, is the management and operating contractor at the Department of Energy's Savannah River Site in Aiken, South Carolina. SRNS is responsible for managing the nation's nuclear weapons stockpile and its Recovery Act contract is for facilities support services.

  2. CH2M Hill Plateau Remediation Company - Total Amount Awarded: $1,359,715,229
    CHPRC is one of three Washington-state based companies to make the top ten list. The company's focus is the "safe, environmental cleanup of the Central Plateau of the Hanford Site." CHPRC is the leader of this ten-year project, and the Hanford Site effort is the largest environmental cleanup project in America.

  3. CH2M WG Idaho - Total Amount Awarded: $437,675,000
    Coming in at a distant third place is CH2M WG Idaho, LLC. The Recovery Act contract calls for remediation services and will accelerate the pace of the existing Idaho Cleanup Project (ICP). The goal of the project is to clean up the Idaho National Laboratory site. The site is contaminated with waste created by several activities including weapons testing and laboratory research.

  4. UT-Battelle LLC - Total Amount Awarded: $338,697,231
    UT-Battelle LLC is responsible for managing the Oak Ridge National Laboratory for the Department of Energy. Oak Ridge is the DOE's largest science and energy laboratory, and the project's activities are described as facilities support services. UT-Battelle is a partnership between the University of Tennessee and Battelle Memorial Institute of Columbus, Ohio. (U.S. bailouts date all the way back to 1792. Learn how the biggest ones affected the economy in Top 6 U.S. Government Financial Bailouts.)

  5. SAIC-Frederick, Inc. - Total Amount Awarded: $302,521,207
    SAIC-Frederick, Inc. is the first company on our list to receive funds from a source other than the Department of Energy. SAIC-Frederick operates at the National Cancer Institute at Frederick. The Maryland-based company works to accelerate the delivery of "new technologies and treatments" to AIDS and cancer patients. Its contract was awarded by the Department of Health and Human Services.

  6. Washington River Protection Solutions - Total Amount Awarded: $299,728,838
    Washington River Protection Solutions was awarded close to $300 million in funding from the Department of Energy to speed its existing Tank Operations Contract (TOC). By volume, the tanks hold 60% of the nation's high-level radioactive waste. The acceleration of the project is expected to result in reduced risk to the environment, as well as stronger infrastructure and systems for waste being delivered for treatment.

  7. Babcock & Wilcox Technical Services Y-12 - Total Amount Awarded: $270,299,243
    Babcock & Wilcox Technical Services Y-12, LLC is responsible for the management and operation of the Y-12 National Security Complex in Oak Ridge, Tennessee. The project, also referred to as the B & W Y-12 ARRA program, is aimed at reducing risk from "Cold War legacies" and using demolition and disposal to further Y-12's "physical transformation."

  8. Brookhaven Science Associates, LLC - Total Amount Awarded: $257,613,800
    Brookhaven Science Associates, LLC manages and operates the Brookhaven National Laboratory. According the company website, BSA "conducts research in the physical, biomedical, and environmental sciences, as well as in energy technologies and national security." Funds from the Recovery Act will be used to enhance research capabilities and optimize project execution.

  9. Washington Closure Hanford, LLC - $253,614,000
    Washington Closure Hanford, LLC is the fourth company on our list associated with the Department of Energy's Hanford Site located in southeastern Washington State. The awarded
    funds will be used for several activities including increasing waste capacity, equipment and facility upgrades, waste characterization, waste site remediation and sampling. (How did America's strong economy tumble so quickly? Find out in The Fall Of The Market In The Fall Of 2008.)

  10. Los Alamos National Security, LLC - Total Funds awarded: $230,835,000
    Los Alamos National Security, LLC is a group of four organizations: University of California, Bechtel National, Inc., URS, and our seventh largest recovery act beneficiary, The Babcock & Wilcox Company. According to its website, LANS specializes in national security research. The contract was awarded by the Department of Energy and calls for research and development in the physical, engineering and life sciences (with the exception of biotechnology).

The Bottom Line
Firms associated with the Department of Energy are clearly the largest beneficiaries of contracts awarded through the Recovery Act. Even though they have been awarded most of the largest contracts, many of the firms have reported no expenditures. As of October 30, 2009, less than 11% of the awarded money had been received.

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