Jacobs Awarded $310 Million Sellafield Asset Care Framework

DALLAS , July 19, 2022 /PRNewswire/ -- Jacobs (NYSE:J) was selected to deliver Sellafield Ltd's new Integrated Asset Care (IAC) framework as a 50/50 partner in the OneAIM joint venture with Mitie.

IAC covers core construction and asset care services at Sellafield, the U.K.'s most complex nuclear site, replacing the existing Operation Site Works (OSW) framework which has reached its maximum term.

Sellafield Ltd has estimated the value of the IAC framework at $310 million (£250 million) over a maximum five-year term, describing it as a key delivery vehicle.

"This important win provides continuity for our skilled and dedicated OneAIM team, whose great work on OSW has been recognized by our successful bid for the replacement framework," said Jacobs Energy, Security and Technology Senior Vice President Karen Wiemelt. "Collaborating with other suppliers and frameworks improves project delivery and helps achieve Sellafield's purpose of creating a clean and safe environment for future generations."

The IAC scope of work includes, among others, civil, mechanical and electrical engineering, with OneAIM responsible for: project implementation, including installation, modifications, commissioning, dismantling and removal of plant and equipment; asset care and support activities; coordination and collaboration with existing Sellafield Ltd frameworks; programmatic delivery; and integrated project controls and project management.

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 approximately 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, changes in interest rates, foreign currency exchange rates, and 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.

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SOURCE Jacobs