"Work on the First Generation Magnox Storage Pond is a key part of this mission, and we look forward to working with Jacobs through the Decommissioning Alliance over the next decade to ensure this work delivers benefits not only on the site, but also in the wider community. Everyone in the framework is committed to achieving the best possible socio-economic outcomes in areas such as building skills for young people and ensuring small- to medium-sized enterprises also benefit from this major investment in decommissioning the site."The contract has a base period of five years, plus a further five-year option period. Jacobs plays leading construction and operations roles in many unique and complex capital projects globally, including strategic nuclear and defense programs. Jacobs is one of the world's largest and most diverse providers of technical, professional and construction services. Statements made in this release that are not based on historical fact are 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. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our 2015 Form 10-K, and in particular the discussions contained under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations. We do not undertake to update any forward-looking statements made herein.
Jacobs Engineering Group Inc. (NYSE:JEC) announced today it is part of a consortium that was awarded a ten-year framework agreement to provide decommissioning delivery services in the First Generation Magnox Storage Pond facility at Sellafield Ltd in the United Kingdom. The consortium, consisting of Jacobs, Energy Solutions and Westinghouse Electric Company, was confirmed as Sellafield's delivery partner in Lot 2 of the decommissioning delivery partnership (DDP). The 10-year framework enables the consortium to work collaboratively with Sellafield Ltd to provide a strategic approach to project and program planning and delivery. It also allows the supply chain to help shape work packages that bring better value and drive accelerated delivery. Working as part of an integrated team with Sellafield Ltd, the consortium is expected to be a key contributor in providing a step change in the planning and delivery of nuclear decommissioning in high-hazard environments: moving activities from an operational to a decommissioning mind set. Jacobs and its consortium partners are providing nuclear decommissioning technical expertise to accelerate package delivery; client project management; and design and field service execution services for projects in potentially high-hazard environments. The team is also providing accelerated development of technology application and collaborative working with Sellafield Ltd. Jacobs Vice President, U.K. Nuclear and Defense Alan Seywright said, "We are delighted to be appointed to this complex program of work. We're focused on working collaboratively to deliver greater innovation and the achievement of best value. Extending that collaboration to include our supply chain is a further important factor in delivering our innovative approach. We look forward to this new challenge and continuing to help grow sustainable supplier capability and capacity." Sellafield Ltd Chief Decommissioning Officer Tom Foster said, "The decommissioning delivery partnership is going to be a crucial part of our mission to reduce the risk on the Sellafield site by getting waste out of high-hazard facilities as soon as possible.