Jacobs (NYSE:JEC) has been awarded a four-year framework agreement by Dounreay Site Restoration Limited (DSRL) to provide decommissioning services. Located in Caithness County, Scotland, the Dounreay site is one of the most complex nuclear decommissioning programs in Europe, with extensive remediation activities underway to return the former nuclear energy testing site to as near its original condition as possible.
The construction of a size reduction facility, shaft and silo decommissioning and demolition of historic active laboratories are just some of the major projects expected to be delivered as part of the decommissioning services framework, which DSRL estimates is worth up to $500 million (£400M).
The framework, spanning four years with potential extensions of up to three years, has been awarded to six organisations. It enables DSRL to take the site into a new phase of decommissioning when historic wastes from the shaft, silo and low-level waste pits are due to be retrieved, repackaged and consigned to modern waste facilities.
“This is a complex and significant program of work which is central to our shared vision with DSRL to make the site and surrounding area safe and clean for future generations,” said Jacobs Aerospace, Technology and Nuclear International Senior Vice President and General Manager Pete Lutwyche. “Harnessing our 24 years’ experience providing full life-cycle nuclear decommissioning and program management solutions at Dounreay, we continue to work closely with the local community to draw on their expertise.”
The Dounreay site was the U.K.’s center of fast reactor research and development of nuclear energy from 1955 until 1994 and is now Scotland’s largest nuclear clean-up and demolition project. The experimental nature of many of its redundant facilities means the clean-up and demolition requires innovative techniques and solutions as well as great care to achieve decommissioning as safely and efficiently as possible. DSRL is responsible for managing the chemical and radiological hazards at Dounreay in a way that protects people and the environment, investing a great deal of effort in its systems and practices to ensure operations are conducted safely.
Jacobs leads the global professional services sector delivering solutions for a more connected, sustainable world. With approximately $12 billion in revenue and a talent force of more than 50,000, Jacobs provides a full spectrum of services including scientific, technical, professional and construction- and program-management for business, industrial, commercial, government and infrastructure sectors. For more information, visit www.jacobs.com, and connect with Jacobs on LinkedIn, Twitter, Facebook and Instagram.
Certain statements contained in this press release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. 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 additional factors that may occur that could cause actual results to differ from our forward-looking statements see our Annual Report on Form 10-K for the year ended September 28, 2018, and in particular the discussions contained under Item 1 – Business; Item 1A – Risk Factors; Item 3 – Legal Proceedings; and Item 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations, and our Quarterly Report on Form 10-Q for the quarter ended March 29, 2019, and in particular the discussions contained under Part I, Item 2 – Management’s Discussion and Analysis of Financial Condition and Results of Operations; Part II, Item 1 – Legal Proceedings; and Part II, Item 1A – Risk Factors, as well as the Company’s other filings with the Securities and Exchange Commission. The Company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.
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