Jacobs Engineering Group Inc. (NYSE: JEC) announced today that a joint venture of Jacobs, AMEC and Costain, is one of six organisations awarded a framework contract by Magnox Limited to provide waste retrieval, processing and filling services at eight of their nuclear power station sites across the UK.
The joint venture is one of only three to have secured a contract for both solid and wet wastes and it now enables the selected companies to bid for specific projects under the Magnox ILW Management Programme (MIMP).
The work involves the retrieval and processing of both wet and solid intermediate level radioactive waste (ILW) across all the Magnox sites in the UK and the joint venture's scope of services includes the design, construction, commissioning and operation of facilities that retrieve and package ILW, together with the de-contamination of associated facilities.
Jacobs Executive Vice President Gary Mandel stated, "This latest contract award shows the strength of the alliance that we have developed with AMEC and Costain over the last five years. Jacobs looks forward to continuing a successful and efficient partnership with the joint venture. Together, we are well prepared to transfer the positive experience of the Trawsfynydd program to these additional Magnox projects around the U.K."
The partners have previously worked together as an integrated team on a variety of environmental clean up services at Trawsfynydd in Wales, one of the U.K.'s major nuclear decommissioning projects.
Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.
Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management's current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our 2010 Form 10-K, and in particular the discussions contained under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations. We do not undertake to update any forward-looking statements made herein.
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