Latest news with #CANDU®
Business Wire
12-06-2025
- Business
- Business Wire
Amentum Announces Award for the Management and Operations of Canadian Nuclear Laboratories
CHANTILLY, Va.--(BUSINESS WIRE)-- Amentum (NYSE: AMTM), a global leader in advanced engineering and innovative technology solutions, announced the award of a significant new contract from Atomic Energy of Canada Limited (AECL) to provide operations and management solutions for Canadian Nuclear Laboratories (CNL). Under this contract, Amentum will help advance nuclear science, technology, and innovation across Canada. 'This contract award reflects our deep expertise in nuclear operations and environmental remediation, and our commitment to delivering safe, reliable, and innovative solutions that serve the best interests of Canada' Share 'This contract award reflects our deep expertise in nuclear operations and environmental remediation, and our commitment to delivering safe, reliable, and innovative solutions that serve the best interests of Canada,' said Mark Whitney, Amentum's Energy and Environment president. "We will pursue valuable collaborations and partnerships with industry and academia to advance nuclear innovation for the public good." Valued at approximately CAD$1.2 billion annually on average, the contract was awarded to Nuclear Laboratory Partners of Canada, Inc. (NLPC), a BWXT-led joint venture that includes Amentum, Kinectrics, and Battelle. The contract consists of a six-year base award with extension periods based on performance, up to a total of twenty years. The formal transition of the contract is anticipated to begin this summer. This strategic joint venture will see Amentum providing comprehensive nuclear operational solutions, research and development, and technical expertise to CNL's extensive nuclear facilities. NLPC aims to enhance Canada's nuclear capabilities, promote safety and environmental stewardship, and foster innovation in nuclear science and technology. This award reflects Amentum's global leadership and expertise in the nuclear industry. Amentum will leverage its worldwide team of experienced engineering and technical nuclear experts to support Canada's advanced energy and security objectives. About Atomic Energy of Canada Limited Atomic Energy of Canada Limited (AECL) is a federal Crown corporation with a mandate to drive nuclear opportunities for Canada. Working through a Government-owned, Contractor-operated (GoCo) model that is executed by its contractor, Canadian Nuclear Laboratories, AECL enables nuclear science and technology through its Chalk River Laboratories, Canada's largest research complex, and by engaging with academia and private industry to advance nuclear innovation. It is committed to advancing reconciliation with Indigenous peoples. It also manages the government of Canada's radioactive waste responsibilities. AECL continues to own the intellectual property for the CANDU® reactor technology and is accountable for deriving optimal benefit from this technology for Canada. Read more on AECL at About Amentum Amentum is a global leader in advanced engineering and innovative technology solutions, trusted by the United States and its allies to address their most significant and complex challenges in science, security and sustainability. Our people apply undaunted curiosity, relentless ambition and boundless imagination to challenge convention and drive progress. Our commitments are underpinned by the belief that safety, collaboration and well-being are integral to success. Headquartered in Chantilly, Virginia, we have more than 53,000 employees in approximately 80 countries across all 7 continents. Visit us at to learn how we advance the future together. Follow @Amentum_corp on X Follow Amentum on LinkedIn Forward-Looking Statements This press release contains or incorporates by reference statements by Amentum Holdings, Inc. (the 'Company') that relate to future events and expectations and, as such, constitute 'forward-looking statements' as that term is defined in the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements may be characterized by terminology such as 'believe,' 'project,' 'expect,' 'anticipate,' 'estimate,' 'forecast,' 'outlook,' 'target,' 'endeavor,' 'seek,' 'predict,' 'intend,' 'strategy,' 'plan,' 'may,' 'could,' 'should,' 'will,' 'would,' 'will be,' 'will continue,' 'will likely result,' or the negative thereof or variations thereon or similar terminology generally intended to identify forward-looking statements. All statements, other than historical facts, including, but not limited to, statements regarding the anticipated work and revenue under the awarded contract, and the Company's objectives, expectations and intentions, applicable legal, economic and regulatory conditions, and any assumptions underlying any of the foregoing, are forward-looking statements. A number of important factors could cause actual results to differ materially from those contained in or implied by these forward-looking statements, including those factors discussed in our filings with the Securities and Exchange Commission (SEC), including, among others: the occurrence of an accident or safety incident; the ability of the Company to control costs, meet performance requirements or contractual schedules; and other factors set forth under Item 1A, Risk Factors in our Annual Report on Form 10-K for the fiscal year ended September 27, 2024, which can be found at the SEC's website at or the Investor Relations portion of our website at Any forward-looking statement speaks only as of the date on which it is made, and the Company assumes no obligation to update or revise such statement, whether as a result of new information, future events or otherwise, except as required by applicable law.
Yahoo
12-06-2025
- Business
- Yahoo
Amentum Announces Award for the Management and Operations of Canadian Nuclear Laboratories
CHANTILLY, Va., June 12, 2025--(BUSINESS WIRE)--Amentum (NYSE: AMTM), a global leader in advanced engineering and innovative technology solutions, announced the award of a significant new contract from Atomic Energy of Canada Limited (AECL) to provide operations and management solutions for Canadian Nuclear Laboratories (CNL). Under this contract, Amentum will help advance nuclear science, technology, and innovation across Canada. "This contract award reflects our deep expertise in nuclear operations and environmental remediation, and our commitment to delivering safe, reliable, and innovative solutions that serve the best interests of Canada," said Mark Whitney, Amentum's Energy and Environment president. "We will pursue valuable collaborations and partnerships with industry and academia to advance nuclear innovation for the public good." Valued at approximately CAD$1.2 billion annually on average, the contract was awarded to Nuclear Laboratory Partners of Canada, Inc. (NLPC), a BWXT-led joint venture that includes Amentum, Kinectrics, and Battelle. The contract consists of a six-year base award with extension periods based on performance, up to a total of twenty years. The formal transition of the contract is anticipated to begin this summer. This strategic joint venture will see Amentum providing comprehensive nuclear operational solutions, research and development, and technical expertise to CNL's extensive nuclear facilities. NLPC aims to enhance Canada's nuclear capabilities, promote safety and environmental stewardship, and foster innovation in nuclear science and technology. This award reflects Amentum's global leadership and expertise in the nuclear industry. Amentum will leverage its worldwide team of experienced engineering and technical nuclear experts to support Canada's advanced energy and security objectives. About Atomic Energy of Canada Limited Atomic Energy of Canada Limited (AECL) is a federal Crown corporation with a mandate to drive nuclear opportunities for Canada. Working through a Government-owned, Contractor-operated (GoCo) model that is executed by its contractor, Canadian Nuclear Laboratories, AECL enables nuclear science and technology through its Chalk River Laboratories, Canada's largest research complex, and by engaging with academia and private industry to advance nuclear innovation. It is committed to advancing reconciliation with Indigenous peoples. It also manages the government of Canada's radioactive waste responsibilities. AECL continues to own the intellectual property for the CANDU® reactor technology and is accountable for deriving optimal benefit from this technology for Canada. Read more on AECL at About Amentum Amentum is a global leader in advanced engineering and innovative technology solutions, trusted by the United States and its allies to address their most significant and complex challenges in science, security and sustainability. Our people apply undaunted curiosity, relentless ambition and boundless imagination to challenge convention and drive progress. Our commitments are underpinned by the belief that safety, collaboration and well-being are integral to success. Headquartered in Chantilly, Virginia, we have more than 53,000 employees in approximately 80 countries across all 7 continents. Visit us at to learn how we advance the future together. Follow @Amentum_corp on XFollow Amentum on LinkedIn Forward-Looking Statements This press release contains or incorporates by reference statements by Amentum Holdings, Inc. (the "Company") that relate to future events and expectations and, as such, constitute "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements may be characterized by terminology such as "believe," "project," "expect," "anticipate," "estimate," "forecast," "outlook," "target," "endeavor," "seek," "predict," "intend," "strategy," "plan," "may," "could," "should," "will," "would," "will be," "will continue," "will likely result," or the negative thereof or variations thereon or similar terminology generally intended to identify forward-looking statements. All statements, other than historical facts, including, but not limited to, statements regarding the anticipated work and revenue under the awarded contract, and the Company's objectives, expectations and intentions, applicable legal, economic and regulatory conditions, and any assumptions underlying any of the foregoing, are forward-looking statements. A number of important factors could cause actual results to differ materially from those contained in or implied by these forward-looking statements, including those factors discussed in our filings with the Securities and Exchange Commission (SEC), including, among others: the occurrence of an accident or safety incident; the ability of the Company to control costs, meet performance requirements or contractual schedules; and other factors set forth under Item 1A, Risk Factors in our Annual Report on Form 10-K for the fiscal year ended September 27, 2024, which can be found at the SEC's website at or the Investor Relations portion of our website at Any forward-looking statement speaks only as of the date on which it is made, and the Company assumes no obligation to update or revise such statement, whether as a result of new information, future events or otherwise, except as required by applicable law. View source version on Contacts Media Contact:Keith Investor Contact:Nathan RutledgeIR@
Cision Canada
09-06-2025
- Business
- Cision Canada
AtkinsRéalis and France's EDF Sign Pivotal Global Nuclear Collaboration Agreement Français
AtkinsRéalis and EDF to expand existing global partnership to collaborate more closely and respond to new nuclear reactor opportunities around the world. This agreement will expand the strategic partnership between Canada and France, enabling better integration of their nuclear industries while preserving each country's sovereignty over their respective proprietary CANDU® and EPR technologies. Areas of potential collaboration to include engineering support, provisioning of equipment, sharing of operational excellence, installation & commissioning, and cooperation between the global technology centres of both organizations. The agreement also includes potential collaboration around waste management and fuel production. Both companies will continue to compete on reactor technology selection where appropriate. EDF and AtkinsRéalis have the potential to support local value creation by driving enhanced Canadian job opportunities. MONTREAL, June 9, 2025 /CNW/ - AtkinsRéalis Group Inc. (TSX: ATRL), a world-class engineering services and nuclear company with offices around the world, today announced it has concluded a pivotal collaboration agreement with Électricité de France (EDF), one of the world's leading electricity production and distribution companies. "This collaboration agreement with a world-class organization like EDF is a gamechanger for the nuclear industry and makes good strategic sense," said Ian L. Edwards, President and Chief Executive Officer, AtkinsRéalis. "There is a global need for more cleaner, affordable and reliable energy that can only be achieved with nuclear power. Only by scaling up our efforts can we address the need for more low-carbon energy and for global market demand of 1000 large and small reactors." The collaboration agreement, which will expand the strategic partnership between the two nuclear power nations and better integrate their respective industries, will cover both pre-technology and post-technology vendor selection processes and will include: Engineering support The provision of non-reactor equipment Sharing of best practices Installation and commissioning services Engagement between the centres of excellence of each organization Both companies will continue to compete on reactor technology vendor selection processes where appropriate or when asked by governments and developers in support of global efforts to transition to low-carbon energy. "AtkinsRéalis is already working with EDF in the UK and France as a strategic partner in their new nuclear build program. This collaboration strengthens our relationship and will enable both organizations to extend international capacity, while harnessing their collective expertise and technical capabilities, to support the next wave of nuclear generation in the coming years," said Joe St. Julian, President, Nuclear, AtkinsRéalis. "The deepening of our partnership with AtkinsRéalis underscores EDF's commitment to steering progress in the nuclear industry alongside our valued Canadian partner. By combining their global and complementary expertise, knowledge and skills, both our companies demonstrate their dedication to fostering innovation and bolstering both our nations' nuclear capabilities for enhanced energy sovereignty and security. The power of working together will drive us forward in Canada, in Europe and around the world," said Vakis Ramany, SVP, International Nuclear Development, EDF. About AtkinsRéalis Created by the integration of long-standing organizations dating back to 1911, AtkinsRéalis is a world-class engineering services and nuclear company dedicated to engineering a better future for our planet and its people. We create sustainable solutions that connect people, data and technology to transform the world's infrastructure and energy systems. We deploy global capabilities locally to our clients and deliver unique end-to-end services across the whole life cycle of an asset including consulting, advisory & environmental services, intelligent networks & cybersecurity, design & engineering, procurement, project & construction management, operations & maintenance, decommissioning and capital. The breadth and depth of our capabilities are delivered to clients in strategic sectors such as Engineering Services, Nuclear and Capital. News and information are available at or follow us on LinkedIn. About EDF The EDF Group is a key player in the energy transition, as an integrated energy operator engaged in all aspects of the energy business: power generation, distribution, trading, energy sales and energy services. The Group is a world leader in low-carbon energy, with a low carbon output of 490TWh, and a diverse generation mix based mainly on nuclear and renewable energy (including hydropower). It is also investing in new technologies to support the energy transition. EDF's "raison d'être" is to build a net zero energy future with electricity and innovative solutions and services, to help save the planet and drive well-being and economic development. The Group supplies energy and services to approximately 41.5 million customers and generated consolidated sales of €118.7 bn in 2024. With 66 reactors in operation worldwide, 57 reactors currently in operation in France and 9 reactors in the United Kingdom, EDF has the world's largest nuclear fleet operated by one single operator. EDF provides a suite of technologies built on over half a century of experience such as EPR, the EDF's flagship product already in operation in three countries: China, Finland & France and with two units under construction (Hinkley Point C) and two units under development (Sizewell C) in the United Kingdom. The French New Nuclear Programme is also under development with 6 nuclear reactors to be built in France with 8 in option. News and information are at or follow EDF on LinkedIn About AtkinsRéalis' Nuclear Business AtkinsRéalis has over 70 years of global nuclear expertise, delivering nuclear technology products and full-service solutions to nuclear utilities around the world. AtkinsRéalis is the steward of CANDU® nuclear technology, operating on four continents, and provides advisory and engineering services to other nuclear developers. With an innovative technology portfolio, including access to over 500 patented solutions, AtkinsRéalis solves technically complex challenges across the whole nuclear lifecycle from design and new build through asset management and from life extension and late life management through decommissioning and waste management. AtkinsRéalis operates and manages government nuclear research sites, transforming ageing infrastructure and safely managing legacy nuclear waste. AtkinsRéalis' CANDU technology also allows for the co-production of medical radioisotopes for cancer detection and treatment. The company also supports cancer treatment through its partnership with TerraPower to extract isotopes from legacy nuclear material. Learn more on our Nuclear market page. Forward-Looking Statements References in this press release to the "Company", "AtkinsRéalis", "we", us" and "our" mean, as the context may require, AtkinsRéalis Group Inc. or all or some of its subsidiaries or joint arrangements or associates. Statements made in this press release that describe the Company's expectations or strategies constitute "forward-looking statements", which can be identified by the use of the conditional or forward-looking terminology such as "estimates", "expects", "forecasts", "intends", "may", "objective", "plans", "projects", "should", "will", "likely", or other variations thereon. Forward-looking statements also include any other statements that do not refer to historical facts. The Company cautions that, by their nature, forward-looking statements involve risks and uncertainties, and that its actual actions or results could differ materially from those expressed or implied in such forward-looking statements. Forward-looking statements are presented for the purpose of assisting investors and others in understanding certain key elements of the Company's current objectives, strategic priorities, expectations and plans, and in obtaining a better understanding of the Company's business and anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements made in this press release are based on a number of assumptions believed by the Company to be reasonable as at the date hereof. The assumptions are set out throughout the Company's 2024 annual management disclosure & analysis ("2024 MD&A") (particularly in the sections entitled "Critical Accounting Judgments and Key Sources of Estimation Uncertainty" and "How We Analyze and Report our Results") filed with the securities regulatory authorities in Canada, available on SEDAR+ at and on the Company's website at under the "Investors" section. If these assumptions are inaccurate, the Company's actual results could differ materially from those expressed or implied in such forward-looking statements. In addition, important risk factors could cause the Company's assumptions and estimates to be inaccurate and actual results or events to differ materially from those expressed in or implied by these forward-looking statements. Those risks are identified in the 2024 MD&A (particularly in the section entitled "Risk and Uncertainties"), as may be updated from time to time in the Company's interim quarterly MD&A, are not exhaustive. The forward-looking statements herein reflect the Company's expectations as at the date of this press release and are subject to change after this date. The Company does not undertake to update publicly or to revise any such forward-looking statements whether as a result of new information, future events or otherwise, unless required by applicable legislation or regulation. The forward-looking information and statements contained herein are expressly qualified in their entirety by this cautionary statement.
Yahoo
09-06-2025
- Business
- Yahoo
AtkinsRéalis and France's EDF Sign Pivotal Global Nuclear Collaboration Agreement
AtkinsRéalis and EDF to expand existing global partnership to collaborate more closely and respond to new nuclear reactor opportunities around the world. This agreement will expand the strategic partnership between Canada and France, enabling better integration of their nuclear industries while preserving each country's sovereignty over their respective proprietary CANDU® and EPR technologies. Areas of potential collaboration to include engineering support, provisioning of equipment, sharing of operational excellence, installation & commissioning, and cooperation between the global technology centres of both organizations. The agreement also includes potential collaboration around waste management and fuel production. Both companies will continue to compete on reactor technology selection where appropriate. EDF and AtkinsRéalis have the potential to support local value creation by driving enhanced Canadian job opportunities. MONTREAL, June 9, 2025 /CNW/ - AtkinsRéalis Group Inc. (TSX: ATRL), a world-class engineering services and nuclear company with offices around the world, today announced it has concluded a pivotal collaboration agreement with Électricité de France (EDF), one of the world's leading electricity production and distribution companies. "This collaboration agreement with a world-class organization like EDF is a gamechanger for the nuclear industry and makes good strategic sense," said Ian L. Edwards, President and Chief Executive Officer, AtkinsRéalis. "There is a global need for more cleaner, affordable and reliable energy that can only be achieved with nuclear power. Only by scaling up our efforts can we address the need for more low-carbon energy and for global market demand of 1000 large and small reactors." The collaboration agreement, which will expand the strategic partnership between the two nuclear power nations and better integrate their respective industries, will cover both pre-technology and post-technology vendor selection processes and will include: Engineering support The provision of non-reactor equipment Sharing of best practices Installation and commissioning services Engagement between the centres of excellence of each organization Both companies will continue to compete on reactor technology vendor selection processes where appropriate or when asked by governments and developers in support of global efforts to transition to low-carbon energy. "AtkinsRéalis is already working with EDF in the UK and France as a strategic partner in their new nuclear build program. This collaboration strengthens our relationship and will enable both organizations to extend international capacity, while harnessing their collective expertise and technical capabilities, to support the next wave of nuclear generation in the coming years," said Joe St. Julian, President, Nuclear, AtkinsRéalis. "The deepening of our partnership with AtkinsRéalis underscores EDF's commitment to steering progress in the nuclear industry alongside our valued Canadian partner. By combining their global and complementary expertise, knowledge and skills, both our companies demonstrate their dedication to fostering innovation and bolstering both our nations' nuclear capabilities for enhanced energy sovereignty and security. The power of working together will drive us forward in Canada, in Europe and around the world," said Vakis Ramany, SVP, International Nuclear Development, EDF. About AtkinsRéalis Created by the integration of long-standing organizations dating back to 1911, AtkinsRéalis is a world-class engineering services and nuclear company dedicated to engineering a better future for our planet and its people. We create sustainable solutions that connect people, data and technology to transform the world's infrastructure and energy systems. We deploy global capabilities locally to our clients and deliver unique end-to-end services across the whole life cycle of an asset including consulting, advisory & environmental services, intelligent networks & cybersecurity, design & engineering, procurement, project & construction management, operations & maintenance, decommissioning and capital. The breadth and depth of our capabilities are delivered to clients in strategic sectors such as Engineering Services, Nuclear and Capital. News and information are available at or follow us on LinkedIn. About EDF The EDF Group is a key player in the energy transition, as an integrated energy operator engaged in all aspects of the energy business: power generation, distribution, trading, energy sales and energy services. The Group is a world leader in low-carbon energy, with a low carbon output of 490TWh, and a diverse generation mix based mainly on nuclear and renewable energy (including hydropower). It is also investing in new technologies to support the energy transition. EDF's "raison d'être" is to build a net zero energy future with electricity and innovative solutions and services, to help save the planet and drive well-being and economic development. The Group supplies energy and services to approximately 41.5 million customers and generated consolidated sales of €118.7 bn in 2024. With 66 reactors in operation worldwide, 57 reactors currently in operation in France and 9 reactors in the United Kingdom, EDF has the world's largest nuclear fleet operated by one single operator. EDF provides a suite of technologies built on over half a century of experience such as EPR, the EDF's flagship product already in operation in three countries: China, Finland & France and with two units under construction (Hinkley Point C) and two units under development (Sizewell C) in the United Kingdom. The French New Nuclear Programme is also under development with 6 nuclear reactors to be built in France with 8 in option. News and information are at or follow EDF on LinkedIn About AtkinsRéalis' Nuclear Business AtkinsRéalis has over 70 years of global nuclear expertise, delivering nuclear technology products and full-service solutions to nuclear utilities around the world. AtkinsRéalis is the steward of CANDU® nuclear technology, operating on four continents, and provides advisory and engineering services to other nuclear developers. With an innovative technology portfolio, including access to over 500 patented solutions, AtkinsRéalis solves technically complex challenges across the whole nuclear lifecycle from design and new build through asset management and from life extension and late life management through decommissioning and waste management. AtkinsRéalis operates and manages government nuclear research sites, transforming ageing infrastructure and safely managing legacy nuclear waste. AtkinsRéalis' CANDU technology also allows for the co-production of medical radioisotopes for cancer detection and treatment. The company also supports cancer treatment through its partnership with TerraPower to extract isotopes from legacy nuclear material. Learn more on our Nuclear market page. Forward-Looking Statements References in this press release to the "Company", "AtkinsRéalis", "we", us" and "our" mean, as the context may require, AtkinsRéalis Group Inc. or all or some of its subsidiaries or joint arrangements or associates. Statements made in this press release that describe the Company's expectations or strategies constitute "forward-looking statements", which can be identified by the use of the conditional or forward-looking terminology such as "estimates", "expects", "forecasts", "intends", "may", "objective", "plans", "projects", "should", "will", "likely", or other variations thereon. Forward-looking statements also include any other statements that do not refer to historical facts. The Company cautions that, by their nature, forward-looking statements involve risks and uncertainties, and that its actual actions or results could differ materially from those expressed or implied in such forward-looking statements. Forward-looking statements are presented for the purpose of assisting investors and others in understanding certain key elements of the Company's current objectives, strategic priorities, expectations and plans, and in obtaining a better understanding of the Company's business and anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements made in this press release are based on a number of assumptions believed by the Company to be reasonable as at the date hereof. The assumptions are set out throughout the Company's 2024 annual management disclosure & analysis ("2024 MD&A") (particularly in the sections entitled "Critical Accounting Judgments and Key Sources of Estimation Uncertainty" and "How We Analyze and Report our Results") filed with the securities regulatory authorities in Canada, available on SEDAR+ at and on the Company's website at under the "Investors" section. If these assumptions are inaccurate, the Company's actual results could differ materially from those expressed or implied in such forward-looking statements. In addition, important risk factors could cause the Company's assumptions and estimates to be inaccurate and actual results or events to differ materially from those expressed in or implied by these forward-looking statements. Those risks are identified in the 2024 MD&A (particularly in the section entitled "Risk and Uncertainties"), as may be updated from time to time in the Company's interim quarterly MD&A, are not exhaustive. The forward-looking statements herein reflect the Company's expectations as at the date of this press release and are subject to change after this date. The Company does not undertake to update publicly or to revise any such forward-looking statements whether as a result of new information, future events or otherwise, unless required by applicable legislation or regulation. The forward-looking information and statements contained herein are expressly qualified in their entirety by this cautionary statement. SOURCE AtkinsRéalis View original content to download multimedia: Sign in to access your portfolio
