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18 Dec 2014 10:15
18 December 2014
James Fisher and Sons plc
James Fisher Nuclear awarded major decommissioning contract
James Fisher and Sons plc (FSJ.L) ("JFS") today announces that a consortium of which its subsidiary James Fisher Nuclear ("JFN") is part, has been awarded a £150m decommissioning contract by Sellafield Limited. The consortium is led by M+W Group and the contract is for the design and delivery of a purpose built nuclear waste store and the construction of a new Direct Import Facility to handle radioactive waste. The project will commence this year and is scheduled for completion in 2017. JFN represents 25% of the value of the consortium.
Nick Henry, Chief Executive Officer of JFS, said:
"The award of this contract is testament to our specific design expertise in remote handling for the nuclear industry and demonstrates that James Fisher Nuclear has become a specialist tier 2 supplier to the UK nuclear industry. We look forward to working with M+W as the beginning of a strategic partnership."
Contacts:
James Fisher and Sons plc | Nick Henry | Chief Executive Officer | 020 7614 9508 |
FTI Consulting | Richard Mountain Rebecca Flower |
0203 727 1374 |
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