Amec Foster Wheeler secures £35m contract with UK Ministry of Defence
- Supply of research and technology services to Naval Nuclear Propulsion Programme
Amec Foster Wheeler announces today that it has been awarded a contract to supply the UK Ministry of Defence with research and technology (R&T) services.
The work, for the MOD’s Naval Nuclear Propulsion Programme (NNPP), is worth approximately £35m over five years.
The contract will sustain about 70 jobs at Amec Foster Wheeler’s offices and laboratories in Warrington and Dorchester in the UK, where qualified and experienced technicians and subject matter experts carry out desk-based analysis and laboratory testing and also provide programme, project and technical management services.
Long-term investment in innovative research and technology like this is absolutely essential to ensuring that Britain’s nuclear programme remains cutting-edge.
Underpinned by the UK’s rising Defence budget and £178 billion 10-year equipment plan, this new deal will help protect Britain and secure scores of highly skilled jobs in Warrington and Dorset.
We are valued for our technical expertise, comprehensive laboratory and analytical resources, strong relationships with academia, and best-in-class project and programme management. We are proud to serve this vital national programme, continuing the important work we have done for many years.
The R&T contract covers critical areas of capability such as materials performance, materials science, modelling, code development, thermal hydraulics and non-destructive testing and examination.
Amec Foster Wheeler has provided support to the NNPP for several decades and this new contract secures that arrangement.
Amec Foster Wheeler (www.amecfw.com) designs, delivers and maintains strategic and complex assets for its customers across the global energy and related sectors.
Employing around 36,000 people in more than 55 countries and with 2015 revenues of £5.5 billion, the company operates across the oil and gas industry – from production through to refining, processing and distribution of derivative products – and in the mining, clean energy, power generation, pharma, environment and infrastructure markets.
Amec Foster Wheeler offers full life-cycle services to offshore and onshore oil and gas projects (conventional and unconventional, upstream, midstream and downstream) for greenfield, brownfield and asset support projects, plus leading refining technology.
Amec Foster Wheeler shares are publicly traded on the London Stock Exchange and its American Depositary Shares are traded on the New York Stock Exchange. Both trade under the ticker AMFW.
This announcement contains statements which constitute “forward-looking statements”. Forward-looking statements include any statements related to the timing, results and success of contracts, and are generally identified by words such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “will,” “may,” “continue,” “should” and other similar expressions. Forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of Amec Foster Wheeler, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking statements. Amec Foster Wheeler does not undertake to update any of the forward-looking statements after this date to conform such statements to actual results, to reflect the occurrence of anticipated results or otherwise.