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SNC-Lavalin Group Inc
Symbol SNC
Shares Issued 175,554,252
Close 2020-09-17 C$ 23.77
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SNC-Lavalin JV to decommission Hanford nuclear assets

2020-09-17 08:39 ET - News Release

Mr. Sandy Taylor reports

SNC-LAVALIN JOINT VENTURE TO DECOMMISSION US FEDERAL NUCLEAR ASSETS AT HANFORD SITE

The U.S. Department of Energy (DOE) has provided SNC-Lavalin Group Inc.'s JV, Central Plateau Cleanup Company LLC (CPC Co.), the notice to proceed on the Central Plateau cleanup contract at the Hanford site near Richland, Wash. CPC Co. is an Amentum-led joint venture with Atkins Nuclear Secured Holdings Corp., a member of the SNC-Lavalin Group, and Fluor. The indefinite-delivery/indefinite-quantity (IDIQ) contract is valued at $10-billion (U.S.) over 10 years. This nuclear services contract is within SNCL Engineering Services, the cornerstone of the company's strategy moving forward to greater growth and support for its partner and customer.

The Central Plateau cleanup contract will achieve end state closure of facilities, waste burial sites and groundwater remediation in the river corridor of the Hanford reservation along the Columbia River. The scope will also include decommissioning and dismantlement of several legacy facilities on the Central Plateau of the Hanford reservation. CPC Co. will manage waste disposition activities for the on-site disposal facility as well as off-site disposal operations.

"This contract demonstrates the strength of SNC-Lavalin's expertise in developing and carrying out decontamination and decommissioning plans of federal nuclear assets," said Sandy Taylor, president, nuclear, SNC-Lavalin. "We have a long history of working with the DOE to safely and economically clean up nuclear facilities and are proud to support the DOE on achieving end state closure at the Hanford site."

The Central Plateau Cleanup Company brings the depth and breadth of three leading nuclear industry companies -- Amentum, Fluor and Atkins -- making it one of the largest and most experienced nuclear end state delivery teams assembled in the U.S. Department of Energy complex. With more than 100 years of combined nuclear experience, including 63 years at Hanford, these companies have collectively decommissioned 1,179 facilities and dispositioned more waste for the U.S. cleanup program than any other company.

About Atkins Nuclear Secured Holdings Corp.

Atkins Nuclear Secured Holdings is a business unit within SNC-Lavalin's global nuclear sector focused on the U.S. federal market. With strengths in nuclear operations, process design engineering, waste management, characterization, transportation, disposition and high-level waste technologies, Nuclear Secured is a partner in the team managing the tank operations contract at Hanford, leads the teams managing the DUF6 plants in Portsmouth and Paducah, and the Canadian Nuclear Laboratories in Ontario, and manages the U-233 project in Oak Ridge, Tenn. At Atkins Nuclear Secured, the company safely delivers high-consequence, technically complex missions for federal governments. SNC-Lavalin acquired WS Atkins PLC on July 3, 2017.

About SNC-Lavalin Group Inc.

Founded in 1911, SNC-Lavalin is a fully integrated professional services and project management company with offices around the world. SNC-Lavalin connects people, technology and data to help shape and deliver world-leading concepts and projects, while offering comprehensive innovative solutions across the asset life cycle. The company's expertise is wide-ranging -- consulting and advisory, intelligent networks and cybersecurity, design and engineering, procurement, project and construction management, operations and maintenance, decommissioning, and sustaining capital -- and delivered to clients in four strategic sectors: EDPM (engineering, design and project management), infrastructure, nuclear and resources, supported by capital. People. Drive. Results.

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