U.S. Department of Energy extends AECOM-led joint venture contract at the Savannah River Site for an additional 18 months
April 02 2019 - 6:55AM
Business Wire
AECOM (NYSE:ACM), a premier, fully integrated global
infrastructure firm, announced today that the U.S. Department of
Energy’s (DOE’s) Savannah River Operations Office in Aiken, South
Carolina, extended the current liquid waste management contract
with AECOM-led Savannah River Remediation LLC. The approximate
US$750 million extension will run from April 1, 2019, to September
30, 2020. The value of the contract extension was included in
AECOM’s backlog in the second quarter of fiscal 2019.
“We are pleased that the DOE has decided to extend Savannah
River Remediation’s contract,” said John Vollmer, president of
AECOM’s Management Services group. “AECOM has a long history of
supporting the DOE at the Savannah River Site and extensive
experience in liquid waste disposition. We are committed to safely
managing the radioactive waste system at the site while reducing
the state of South Carolina’s critical environmental risk.”
During the contract extension period, services that the
AECOM-led joint venture will perform are operating the Defense
Waste Processing Facility and Saltstone Production Facility, and
continuing progress on the Tank Closure Cesium Removal
demonstration and construction project and the construction of
Saltstone Disposal Unit 7.
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 the future term, price, backlog and financial impact of
the liquid waste management contract as well as other future
business and economic conditions. Actual results could differ
materially from those projected or assumed in any of our
forward-looking statements. Important risk factors that could cause
actual results to differ materially from our forward-looking
statements are set forth in AECOM’s periodic report on Form 10-Q
for the quarter ended December 31, 2018, and 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.
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Investor Contact:Will GabrielskiVice President, Investor
Relations213.593.8208William.Gabrielski@aecom.com
Media Contact:Brendan Ranson-WalshVice President, Global
Communications & Corporate Responsibility213.996.2367
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