Amentum (NYSE: AMTM) has won a suite of new contracts from Électricité de France (EDF) worth up to £540 million ($730 million), expanding the critical solutions it provides for the UK’s existing nuclear reactors as well as the construction of a new gigawatt power station at Hinkley Point.
Loren Jones, Amentum Senior Vice President, said:
“Amentum’s expertise in gigawatt reactor operational support and life extension makes it the ideal partner for EDF, one of the world’s largest nuclear utilities. This award advances our strategy to accelerate the growth of our nuclear energy business in line with the opportunities being created by the worldwide nuclear resurgence.
“Amentum will deploy the skills and experience of more than 1,000 UK-based specialists to provide the full breadth of nuclear skills, solutions, and products essential to the continued operation and life extension of the UK’s existing nuclear fleet.
“A further 300 Amentum colleagues are already delivering multi-disciplinary roles across Hinkley Point C under the Professional Services Agreement. We expect this number to grow as these new contracts mature, strengthening our position to support long-term operations once the reactors come online.”
Amentum has a Lifetime Enterprise Agreement with EDF, signed in 2015, to provide strategic, long-term technical solutions for EDF’s UK nuclear fleet including licensing, design and construction, modeling and analysis solutions, laboratory and engineering test facilities. This work has enabled EDF to achieve an aggregate 38 years of life extension across the seven advanced gas-cooled reactor stations.
Mark Whitney, President of Amentum Energy & Environment, added:
“These new contracts build on Amentum’s differentiated position as a lead strategic partner to EDF and advance an immensely productive business relationship that dates back many decades.”
The newly awarded contracts comprise: ten-year Professional Services Agreement frameworks with Hinkley Point C, EDF Nuclear Operations and EDF Nuclear Services to support the Hinkley Point C new build programme, operating stations and their engineering capability hub; and a five-year Project Management Resources framework to support station operations, life extension and preparation for decommissioning.
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