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SNC-Lavalin Group Inc
Symbol SNC
Shares Issued 175,554,252
Close 2020-09-30 C$ 21.35
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SNC-Lavalin receives U.S. DOE contract extension

2020-10-01 07:38 ET - News Release

Mr. Sandy Taylor reports

SNC-LAVALIN JOINT VENTURE AWARDED CONTRACT EXTENSION FOR SITE MANAGEMENT AT US HANFORD NUCLEAR SITE

The U.S. Department of Energy (DOE) has extended the current underground tank operations contract with SNC-Lavalin Group Inc.'s Washington River Protection Solutions (WRPS) for another year, with the contract now set to expire on Sept. 30, 2021. It is within SNCL Engineering Services, the cornerstone of the company's strategy moving forward to greater growth and support for the company's partners and customers.

WRPS, an Amentum-led joint venture with Atkins Nuclear Secured, member of the SNC-Lavalin Group, is responsible for the safe and efficient management of radioactive and hazardous wastes stored in Hanford's underground tanks while preparing to deliver the waste to the waste treatment plant for vitrification.

"This contract extension is an endorsement of SNC-Lavalin's expertise in managing legacy nuclear sites," said Sandy Taylor, president, nuclear, SNC-Lavalin. "We are trusted by governments across the U.S., U.K. and Canada to safely disposition nuclear waste."

"The extension to the WRPS contract is good news for our team. We value our partnership with Amentum and look forward to continuing to safely deliver this challenging project to the DOE and the State of Washington," added Tom Jouvanis, president, Atkins Nuclear Secured.

The contract extension will allow the continued safe management of Hanford's high-level waste, while positioning the high-level waste for treatment in the waste treatment plant. These activities extend the WRPS mission and focus towards site risk reduction in order to preserve and protect the Columbia River. This will be the 13th year of work at Hanford for WRPS. SNC-Lavalin's U.S. nuclear team has a long history of delivering several key projects at DOE sites across the country, including the Paducah gaseous diffusion plant in Paducah, Ky., the Portsmouth gaseous diffusion plant in Piketon, Ohio, and projects at the Idaho National Laboratory, Oak Ridge National Laboratory and the Savannah River site.

About Atkins Nuclear Secured 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.

About SNC-Lavalin Group Inc.

Founded in 1911, SNC-Lavalin is a global fully integrated professional services and project management company and a major player in the ownership of infrastructure. From offices around the world, SNC-Lavalin's employees think beyond engineering. The company's teams provide comprehensive end-to-end project solutions -- including capital investment, consulting, design, engineering, construction management, sustaining capital, and operations and maintenance -- to clients across the EDPM (engineering, design and project management), infrastructure, nuclear and resources businesses.

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