Jacobs Agrees to Acquire Share in AWE
Management Limited
Jacobs Engineering Group Inc.
has agreed to acquire a
one-third share in AWE Management Limited (AWEML) from British Nuclear Fuels plc (BNFL).
Terms of the deal were not disclosed.
AWEML, a company founded in 2000, is a joint venture between BNFL, Lockheed Martin and Serco to manage the Atomic Weapons Establishment on behalf of the U.K. Ministry of Defence. Jacobs has been serving as a strategic supplier to AWE.
In making the announcement, Jacobs President and CEO Craig Martin stated, "We are excited to expand our strategic relationship with AWEML and become partners with Lockheed Martin and Serco. We are now able to offer the Ministry of Defence a much broader range of services to support their mission."
Posted 17/12/08
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