AECOM selected by AWE plc to deliver key project as part of the U.K.'s nuclear deterrence program
January 23 2019 - 6:55AM
Business Wire
AECOM (NYSE:ACM), a premier, fully integrated infrastructure
firm, and AWE plc. have signed a contract naming AECOM as the
delivery partner to AWE for its Nuclear Capability project, a key
component of the U.K. government’s nuclear deterrence program.
The scope of the contract includes the decommissioning and
demolition of current facilities, the completion of new facilities
and the management and transportation of material across sites. The
contract, for an initial commitment of £2 million (approximately
USD$3 million) until 2020, has a potential expenditure of £360
million (approximately USD$500 million) expected to span at least
12 years. The value of AECOM’s contract was included in AECOM’s
backlog in the first quarter of fiscal 2019.
“We are proud to be selected as AWE’s delivery partner for this
important work in support of the U.K.’s nuclear deterrence
program,” said Michael S. Burke, AECOM’s chairman and chief
executive officer. “For the past several years, we have
demonstrated our leading project management and nuclear
decommissioning expertise both in the U.S. and internationally,
including several key U.S. Department of Energy sites, and are
continuing to invest in this business to capitalize on an
attractive pipeline of innovative programs, such as this with AWE.
We look forward to building a long-term relationship with AWE that
safely delivers outstanding value for all stakeholders.”
In the U.K., AECOM is the lead member of the Parent Body
Organisation that manages the Low Level Waste Repository in
Cumbria. It is also a member of the Parent Body Organisation at the
Dounreay nuclear site near Thurso, Scotland. Dennis Thompson, who
was previously the Managing Director at the Low Level Waste
Repository for seven years, will lead the AECOM Delivery Partner
team for AWE.
About AECOM
AECOM (NYSE:ACM) is built to deliver a better world. We design,
build, finance and operate infrastructure assets for governments,
businesses and organizations. As a fully integrated firm, we
connect knowledge and experience across our global network of
experts to help clients solve their most complex challenges. From
high-performance buildings and infrastructure, to resilient
communities and environments, to stable and secure nations, our
work is transformative, differentiated and vital. A Fortune 500
firm, AECOM had revenue of approximately $20.2 billion during
fiscal year 2018. See how we deliver what others can only imagine
at aecom.com and @AECOM.
Forward-Looking Statements
All statements in this press release other than statements of
historical fact are "forward-looking statements" for purposes of
federal and state securities laws, including statements relating to
the expected term, value and scope of the AWE Nuclear Capability
contract as well as other future economic and industry conditions.
Actual results could differ materially from those projected or
assumed in any of our forward-looking statements. Important factors
that could cause actual results to differ materially from our
forward-looking statements are set forth in our annual report on
Form 10-K for the fiscal year ended September 30, 2018, and our
other reports filed with the U.S. Securities and Exchange
Commission. AECOM does not intend, and undertakes no obligation, to
update any forward-looking statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190123005397/en/
Investors:Will GabrielskiVice President, Investor
Relations213.593.8208William.Gabrielski@aecom.com
Media:Brendan Ranson-WalshVice President, Global
Communications & Corporate
Responsibility213.996.2367Brendan.Ranson-Walsh@aecom.com
AECOM (NYSE:ACM)
Historical Stock Chart
From Mar 2024 to Apr 2024
AECOM (NYSE:ACM)
Historical Stock Chart
From Apr 2023 to Apr 2024