21:47:15 EDT Wed 01 May 2024
Enter Symbol
or Name
USA
CA



SNC-Lavalin Group Inc
Symbol ATRL
Shares Issued 175,554,252
Close 2024-02-27 C$ 44.51
Market Cap C$ 7,813,919,757
Recent Sedar Documents

Globe says SNC-Lavalin seeks to revive Candu business

2024-02-28 07:38 ET - In the News

The Globe and Mail reports in its Wednesday edition that SNC-Lavalin (now AtkinsRealis) is playing to Canadians' sense of patriotism as it attempts to reposition this country as a leader in nuclear technology by building the first new Candu reactors in decades. The Globe's Adam Radwanski writes that the Montreal engineering company is starting a publicity campaign that it is calling "Canadians for Candu," for which it has enlisted former prime minister Jean Chrétien and former Ontario premier Mike Harris to serve as co-chairs. Although the company's new Monark model is still in an early stage of development with a goal of deployment around 2035, and has not yet been licensed, there have recently been some signs of momentum. Last week, it announced an intellectual-property agreement with the federal government that is also supposed to involve a joint effort to seek international buyers, as the company also pursues procurement agreements with several provinces, starting with Ontario. AtkinsRealis chief executive officer Ian Edwards addressed the imperative to convince audiences at home and abroad that there is a need for significant new nuclear-power generation during the global shift to low-carbon energy.

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