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
The signing of the collaboration agreement. From left to right: Dan Brouillette, Deputy Secretary, U.S. Department of Energy; Mark Whitney, Executive Vice President and General Manager for AECOM’s Nuclear & Environment strategic business unit; Goro Yanase, Chief Nuclear Officer, Toshiba ESS; and Taizo Takahashi, Commissioner, Agency for Natural Resources and Energy (ANRE).
LOS ANGELES (June 17, 2019) — 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.
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.
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