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.
Source: Company Press Release