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Sept. 22, 2022, 4:00 a.m. EDT

Jacobs to Support Refurbishment of UK Nuclear Research Laboratories

Sep 22, 2022 (PRNewswire via COMTEX) -- PR Newswire

DALLAS, Sept. 22, 2022

Project will deliver world-class facilities to support new reactors and decommissioning efforts

DALLAS, Sept. 22, 2022 /PRNewswire/ -- Jacobs /zigman2/quotes/209082472/composite J -1.58% was selected as full lifecycle delivery partner to support infrastructure renewal projects at various facilities run by the U.K.'s government owned, but operationally independent, National Nuclear Laboratory (NNL).

NNL estimates the contract value at $12 million (�10 million) and the initial contract term is one year with the options for three additional one-year extensions. Scope includes design, build and refurbishment work at the Windscale and Central Laboratories at Sellafield in Cumbria, a specialist analytical services and process chemistry facility in Preston and a test-rig center in Workington. Jacobs is responsible for: requirements definition; project specification; concept, preliminary and detailed design; procurement and installation.

"This work will help ensure that the U.K.'s advanced nuclear research and development capability remains world-class," said Jacobs Energy, Security & Technology Senior Vice President Karen Wiemelt. "We will draw on our deep knowledge of nuclear engineering design and our decades-long experience of operating our own 12,000 square meter complex of laboratories and test rigs in Warrington, U.K."

NNL's facilities support new reactor build and existing reactor operations as well as decommissioning, clean-up and fuel processing plants, and handling and inspection services for nuclear material.

"It's crucial that we continue to invest in our laboratories to meet our stakeholders needs as well as wider industry ambitions and to perform our role as the national laboratory for nuclear fission," said NNL Chief Customer Officer David Beacham. "Our people and facilities are our most important assets, so this project will continue to protect and create highly skilled jobs in the northwest of England."

At Jacobs, we're challenging today to reinvent tomorrow by solving the world's most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With $14 billion in revenue and a talent force of more than 55,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific and project delivery for the government and private sector. Visit jacobs.com and connect with Jacobs on Facebook , Instagram , LinkedIn and Twitter .

Certain statements contained in this press release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Statements made in this release that are not based on historical fact are forward-looking statements. When used herein, words such as "expects," "anticipates," "believes," "seeks," "estimates," "plans," "intends," "future," "will," "would," "could," "can," "may," and similar words are intended to identify forward-looking statements. We base these forward-looking statements on management's current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements. including, but not limited to, the timing of the award of projects and funding under the Infrastructure Investment and Jobs Act, as well as general economic conditions, including inflation and the actions taken by monetary authorities in response to inflation, changes in interest rates, foreign currency exchange rates, changes in capital markets, geopolitical events and conflicts, and the impact of the COVID-19 pandemic, including the related reaction of governments on global and regional market conditions and the company's business, among others. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements, see the discussions contained under Item 1 - Business; Item 1A - Risk Factors; Item 3 - Legal Proceedings; and Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations in our most recently filed Annual Report on Form 10-K, ,and Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations; Item 1 - Legal Proceedings; and Item 1A - Risk Factors in our most recently filed Quarterly Report on Form 10-Q, as well as the company's other filings with the Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.

For press/media inquiries:
Kerrie Sparks
214.583.8433

Cision
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SOURCE Jacobs

COMTEX_415016995/2454/2022-09-22T04:00:15

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/zigman2/quotes/209082472/composite
US : U.S.: NYSE
$ 124.54
-2.00 -1.58%
Volume: 531,268
Dec. 1, 2022 4:03p
P/E Ratio
24.93
Dividend Yield
0.74%
Market Cap
$15.99 billion
Rev. per Employee
$248,105
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