AtkinsRéalis Joint Venture Awarded US $2.3 Billion Contract to Operate and Maintain U.S. Department of Energy Nuclear Assets

MONTREAL , Nov. 13, 2024 /CNW/ - AtkinsRéalis Group Inc. ATRL , a world-class engineering services and nuclear company with offices around the world, is leading a joint venture, with partners Westinghouse Government Services and Jacobs Technology Inc, that has been awarded a 10-year contract to operate the depleted uranium hexafluoride (DUF6) conversion facilities and assume site landlord responsibilities at the U.

S. Department of Energy's (DOE) Paducah and Portsmouth Gaseous Diffusion Plants . A joint venture led by AtkinsRéalis' US Nuclear team has been operating and maintaining the DUF6 facilities for the DOE Portsmouth Paducah Project Office (PPPO) since 2016.



"This work illustrates how our commitment to protecting the planet's environment and its people through our end-to-end services across the entire nuclear asset life cycle is a key differentiator for AtkinsRéalis," said Ian L. Edwards , President and Chief Executive Officer, AtkinsRéalis. "We are dedicated to safely managing legacy nuclear materials and fostering economic growth that improves communities.

" Under the 10-year US $2.3 billion Operations & Site Mission Support Contract (OSMS), the joint venture known as Mission Conversion Services Alliance, LLC (MCSA) will operate the DUF6 conversion facilities, transforming the inventory of DUF6 into a more stable uranium oxide (OUx) for disposition. MCSA will provide surveillance and maintenance services of the DUF6 cylinder inventory awaiting disposition and perform off-site disposal of empty cylinders as well as the depleted uranium oxide.

MCSA will also provide protective security forces, emergency management and fire protection services as well as operating and maintaining utilities at both plants. "Through our long-standing partnership with the DOE, we've been continuously upgrading the DUF6 plants to make them safer and more reliable. We appreciate the DOE's confidence in us to continue our blueprint for plant improvements and increased production, as well as bringing this same continuous improvement management culture to the infrastructure and support scopes that are new to this contract," said Joe St.

Julian , President, Nuclear, AtkinsRéalis. "We are honoured to continue the safe execution of the PPPO's mission, and our team appreciates the opportunity to support this important mission in partnership with the DOE," said Jeff Kendall , President (Interim), AtkinsRéalis US Nuclear. "We are incredibly proud of the leadership team at DUF6 and the broader operational and support teams that have transformed the future of both the Paducah and Portsmouth plants to ensure the safe delivery of our present and future scope.

" AtkinsRéalis is a leading nuclear services company offering the full range of services for decommissioning and remediation of nuclear sites and facilities, management of spent nuclear fuel, the transportation of nuclear material and environmental cleanup of nuclear legacy sites. About AtkinsRéalis Created by the integration of long-standing organizations dating back to 1911, AtkinsRéalis is a world-class engineering services and nuclear company dedicated to engineering a better future for our planet and its people. We create sustainable solutions that connect people, data and technology to transform the world's infrastructure and energy systems.

We deploy global capabilities locally to our clients and deliver unique end-to-end services across the whole life cycle of an asset including consulting, advisory & environmental services, intelligent networks & cybersecurity, design & engineering, procurement, project & construction management, operations & maintenance, decommissioning and capital. The breadth and depth of our capabilities are delivered to clients in strategic sectors such as Engineering Services, Nuclear and Capital. News and information are available at www.

atkinsrealis.com or follow us on LinkedIn. Forward-Looking Statements References in this press release to the "Company", "AtkinsRéalis", "we", us" and "our" mean, as the context may require, AtkinsRéalis Group Inc.

or all or some of its subsidiaries or joint arrangements or associates. Statements made in this press release that describe the Company's expectations or strategies constitute "forward-looking statements", which can be identified by the use of the conditional or forward-looking terminology such as "estimates", "expects", "forecasts", "intends", "may", "objective", "plans", "projects", "should", "will", "likely", or other variations thereon. Forward-looking statements also include any other statements that do not refer to historical facts.

The Company cautions that, by their nature, forward-looking statements involve risks and uncertainties, and that its actual actions or results could differ materially from those expressed or implied in such forward-looking statements. Forward-looking statements are presented for the purpose of assisting investors and others in understanding certain key elements of the Company's current objectives, strategic priorities, expectations and plans, and in obtaining a better understanding of the Company's business and anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes.

Forward-looking statements made in this press release are based on a number of assumptions believed by the Company to be reasonable as at the date hereof. The assumptions are set out throughout the Company's 2023 annual management disclosure & analysis ("MD&A") (particularly in the sections entitled "Critical Accounting Judgments and Key Sources of Estimation Uncertainty" and "How We Analyze and Report our Results") filed with the securities regulatory authorities in Canada , available on SEDAR+ at www.sedarplus.

com and on the Company's website at www.atkinsrealis.com under the "Investors" section.

If these assumptions are inaccurate, the Company's actual results could differ materially from those expressed or implied in such forward-looking statements. In addition, important risk factors could cause the Company's assumptions and estimates to be inaccurate and actual results or events to differ materially from those expressed in or implied by these forward-looking statements. Those risks are identified in the Company's 2023 annual MD&A (particularly in the section entitled "Risk and Un certainties"), as may be updated from time to time in the Company's interim quarterly MD&A, are not exhaustive.

The forward-looking statements herein reflect the Company's expectations as at the date of this press release and are subject to change after this date. The Company does not undertake to update publicly or to revise any such forward-looking statements whether as a result of new information, future events or otherwise, unless required by applicable legislation or regulation. The forward-looking information and statements contained herein are expressly qualified in their entirety by this cautionary statement .

SOURCE AtkinsRéalis View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2024/13/c7519.

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