Washington Group Wins Contract to Provide Construction Services for Hanford Nuclear Waste Project.Business Editors BOISE, Idaho--(BUSINESS WIRE)--Nov. 27, 2001 Washington Group International, Inc., announced today that it leads one of two teams of contractors selected by CH2M Hill CH2M HILL is a global provider of engineering, construction, and operations services for corporations, nonprofits, and federal, state, and local governments with regional offices worldwide. Hanford Group to provide construction services to support the stabilization and closure of the largest high-level radioactive waste Noun 1. high-level radioactive waste - radioactive waste that left in a nuclear reactor after the nuclear fuel has been consumed radioactive waste - useless radioactive materials that are left after some laboratory or commercial process is completed project in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The second team is lead by Fluor Federal Services, Inc. The two teams were selected to share approximately $107 million in construction tasks over the next five years for CH2M Hill Hanford Group, which holds the prime contract to manage 54 million gallons of nuclear waste in 177 tanks on the U.S. Department of Energy's Hanford site The Hanford Site is a facility of the government of the United States established to provide plutonium necessary for the development of nuclear weapons. It was established in 1943 as the Hanford Engineer Works, part of the Manhattan Project, and codenamed "Site W. in western Washington
Western Washington is a region of the United States defined as that part of Washington west of the Cascade Mountains. . It is the second major contract won by Washington Group in the past year to help deal with the waste that is a by-product by·prod·uct or by-prod·uct n. 1. Something produced in the making of something else. 2. A secondary result; a side effect. by-product Noun 1. of more than a half century of nuclear processing activities at the Hanford site. In December 2000, Washington Group, teamed with Bechtel National, Inc., won a contract to design, build and commission a plant to treat liquid waste at Hanford and immobilize im·mo·bi·lize v. 1. To render immobile. 2. To fix the position of a joint or fractured limb, as with a splint or cast. im·mo it for ultimate disposal. "This is a strong endorsement of the extensive and unique capabilities our company has in efficiently and safely dealing with some of the most complex projects in the world," said Stephen G. Hanks, President and Chief Executive Officer of Washington Group. Specific tasks that are part of the two contracts include construction and upgrades of tank ventilation systems, waste transfer and retrieval systems, and interim waste storage facilities to support tank farm closure activities. Washington Group International, Inc., is a leading international engineering and construction firm. With more than 30,000 employees at work in 43 states and more than 35 countries, the company offers a full life-cycle of services as a preferred provider of premier science, engineering, construction, program management, and development in 14 major markets. Markets Served Energy, environmental, government, heavy-civil, industrial, mining, nuclear-services, operations and maintenance, petroleum and chemicals, process, pulp and paper, telecommunications, transportation, and water-resources. This news release contains forward-looking statements within the meaning of the private securities litigation reform act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, which are identified by the use of forward-looking terminology such as may, will, could, should, expect, anticipate, intend, plan, estimate, or continue or the negative thereof or other variations thereof. Such forward-looking statements are necessarily based on various assumptions and estimates and are inherently subject to various risks and uncertainties, including risks and uncertainties relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the possible invalidity of the underlying assumptions and estimates and possible changes or developments in social, economic, business industry, market, legal, and regulatory circumstances and conditions and actions taken or omitted to be taken by third parties, including the corporation's customers, suppliers, business partners, and competitors and legislative, regulatory, judicial, and other governmental authorities and officials. |
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