AECOM signs agreement with Toshiba to perform nuclear decommissioning services in Japan
The partnership will expand access to the key Asian market that is
valued at $50 billion and further underscores AECOM’s leading nuclear
decontamination and decommissioning capabilities
LOS ANGELES–(BUSINESS WIRE)–AECOM (NYSE:ACM), a premier, fully integrated global infrastructure
firm, and Toshiba have signed an Alliance Agreement to work together on
decommissioning nuclear reactors in Japan. This is a major step forward
that combines AECOM’s 30 years of experience in nuclear decommissioning
with Toshiba’s long history of supporting the nuclear industry. The
alliance will offer comprehensive services to Japanese government
organizations and commercial power utilities that plan to decommission
their reactors and nuclear facilities.
“We are proud to be in an Alliance with such a respected company and
excited about marketing our collective capabilities to the Japanese
government and utilities,” said Michael S. Burke, AECOM’s chairman and
chief executive officer. “We believe this Alliance has the right
experience, capabilities, skill mix and resources to meet the needs of
this nuclear cleanup market. We have had tremendous success in nuclear
decommissioning for the U.S. Department of Energy and the UK’s Nuclear
Decommissioning Authority, as well as commercial clients around the
world, and we look forward to supporting the Japanese utilities through
this Alliance.”
AECOM is the market leader in the U.S. and U.K. for managing
high-hazard, complex nuclear decommissioning programs. This includes
work for the U.S. Department of Energy at key sites, such as Hanford,
Savannah River, Oak Ridge and the Waste Isolation Pilot Plant. AECOM
also is a leader in the U.K. decommissioning market with major contracts
at the Nuclear Decommissioning Authority facilities at Dounreay and the
Low Level Waste Repository. Including the Company’s work for commercial
nuclear utilities, such as at the San Onofre Nuclear Generating Station
in Southern California, AECOM is viewed as a world leader in this
expanding clean-up market. Combining AECOM‘s expertise with the local
knowledge and capabilities of Toshiba, the Company can expand the full
range of required decommissioning
services to Japan.
“We are excited to partner with Toshiba and further expand our expertise
in the nuclear D&D market,” said John Vollmer, AECOM’s president of its
Management Services group. “In addition to our ongoing work at key U.S.
Department of Energy sites and our recent selection for the $400 million
Dounreay decommissioning framework, our teams have demonstrated a high
level of success as we continue to expand our share within this
high-growth market.”
Within the nuclear decommissioning sector, AECOM provides program
management; planning, design and engineering; systems engineering and
technical assistance; construction and construction management;
operations and maintenance; environmental remediation; waste management
and decommissioning, dismantling and closure services to a broad range
of clients.
About AECOM
AECOM (NYSE:ACM) is built to deliver a better world. We design, build,
finance and operate critical 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
future nuclear decommission services to be performed under the Alliance
Agreement as well as other future business and economic factors.
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 March 31, 2019, 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.
Contacts
Investors:
Will Gabrielski
Vice President, Investor
Relations
213.593.8208
[email protected]
Media:
Brendan
Ranson-Walsh
Vice President, Global Communications & Corporate
Responsibility
213.996.2367
[email protected]
