Fundz
Free weekly newsletter

Get the free weekly contract digest

The new new contracts, who’s behind them, and what they mean — delivered to your inbox every week. No credit card, unsubscribe anytime.

Weekly Digest

New new contracts, summarized for you

Straight to Inbox

No login, no app to check — it comes to you

Contract Trends

See who's moving and how much in your market

No credit card required Weekly contract digest

Baton Rouge company APTIM awarded $1.4 billion contract to manage federal emergency petroleum stockpile

Apr 09, 2025•about 1 year ago

Contract Type

contract

Baton RougeEnergyRenewable EnergyConsultingGovernment

Description

APTIM, in a joint venture with BWX Technologies, has been awarded a $1.4 billion contract by the U.S. Department of Energy to manage and operate the Strategic Petroleum Reserve and its associated facilities in Louisiana and Texas. The contract is for a five-year period with an option for an additional five years. The reserve, which holds the world's largest supply of emergency crude oil at 714 million barrels, will be managed by APTIM starting on June 15.

Company Information

Company

Aptim Federal Services

Location

Baton Rouge, Louisiana, United States

About

APTIM is a leading professional solutions firm with headquarters in Baton Rouge, Louisiana. We specialize in environmental services, resilience, sustainability, and energy solutions, as well as technical and data solutions, program management, and critical infrastructure. Our dedicated teammates apply their experience and expertise to provide integrated services and solutions for government agencies, commercial and industrial clients, and energy customers. APTIM commits to accelerating the transition toward a clean and efficient energy economy, building a sustainable future for our communities and natural world, and creating a more inclusive and equitable environment that celebrates the diversity of our people. Learn more at APTIM.com and connect with us on Facebook, Instagram, LinkedIn, and Twitter.

Predictive Intelligence
Strategic

ML-powered predictions for Aptim Federal Services's next move

Learn about Strategic plan

Agreement Insights

Based on industry data
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.