Jacobs Alliance Receives Contract from Magnox

Jacobs Alliance Receives Contract from Magnox

Supporting Skills Development in UK Nuclear Decommissioning Program

PASADENA, Calif.--(BUSINESS WIRE)-- Jacobs Engineering Group Inc. (NYS: JEC) announced today that its VELA alliance with AMEC was awarded a contract by Magnox Limited to provide project management resources in support of Magnox's decommissioning program in the United Kingdom.

Officials did not disclose the contract value, but noted that the Project Management Resource Partnership agreement is an extension of the Magnox Resource Transfer Protocol that was established with Jacobs and AMEC in 2011.

Under the terms of the contract, the VELA alliance is providing project management expertise, skills development, coaching, and employment opportunities for Magnox employees. Magnox Director of Projects Peter Burns said, "This agreement is a unique opportunity for the three companies to work together in an innovative way, and it gives Magnox the opportunity to balance its resourcing requirement for both the long- and short-term while investing in long-term career opportunities for our staff. Our aim is the retention of skills within the entire nuclear industry and this agreement will play a key role in achieving that aim."

Jacobs Group Vice President Bob Irvin stated, "Jacobs and AMEC bring world class project management skills to this important program. Together with Magnox, we are pleased to blend a complementary set of skills, experience and capabilities together in support of Magnox's decommissioning work in the UK."

Clive White, President of AMEC's Clean Energy Europe business, said: "Safely delivering innovative and cost-effective solutions for customers is AMEC's primary focus and we are delighted to be working in a strong partnership to achieve that. The Project Management Resource Partnership is an important development for us in supporting Magnox during their transition from power generation to care and maintenance."

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 2012 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.
Michelle Jones, 626.578.6968

KEYWORDS: United States North America California


The article Jacobs Alliance Receives Contract from Magnox originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.