Jacobs Bags Contract Extension To Support UK's Nuclear Power Plants

October 12, 2021 8:21 AM | 1 min read

Jacobs Engineering Group Inc J has secured an extension to its Project Management Resources (PMR) contract with EDF Nuclear Generation, the U.K.'s nuclear power plants operator.
EDF estimates the April 2022 – March 2024 extension at more than $44 million (£32.5 million).
Jacobs will continue to support the stations, which account for about 17% of the country's electricity output.
The contract involves supporting the seven advanced gas-cooled reactor (AGR) stations, including the transition from generation to defueling and the long-term operation program for the Sizewell B pressurized water reactor.
Price Action: J shares closed lower by 1% at $133.99 on Monday.

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