Jacobs Wins Advisory Contract for Germany's Konrad Repository

โดย Zacks Investment Research·DEGBBE·Read original
Summary · why it matters

Jacobs Solutions Inc. has secured a contract from Bundesgesellschaft für Endlagerung mbH (BGE), the federal German company overseeing radioactive waste management, to provide project support services for the Konrad Repository in Salzgitter, Germany. The project involves converting an existing mine into Germany's first final repository for low- and intermediate-level radioactive waste approved under nuclear law. Under the contract, Jacobs will assess construction progress, validate planning assumptions, review and update schedules and cost plans, and develop and implement efficiency improvements, work complicated by existing structures, seismic considerations and compliance with mining and nuclear regulations. The award builds on Jacobs' radioactive waste management work across Europe, including more than two decades of support at the United Kingdom's Sellafield site and treatment and storage projects in Belgium, and expands its presence in Germany, where it already works on the SuedLink underground high-voltage direct-current transmission project. Jacobs' stock has climbed 18.4% in the past three months against the Zacks Building Products - Miscellaneous industry's 12.4% decline, and the company currently carries a Zacks Rank #3 (Hold).

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Jacobs won a BGE contract to provide project support services for Germany's Konrad Repository

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BGE awarded Jacobs the advisory contract for the Konrad Repository it oversees

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