LOS ANGELES--(BUSINESS WIRE)--Jan. 23, 2019--
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/
Source: AECOM
Investors:
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Relations
213.593.8208
William.Gabrielski@aecom.com
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Communications & Corporate Responsibility
213.996.2367
Brendan.Ranson-Walsh@aecom.com