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AtkinsRealis Signs 20-Year Agreement for Engineering Services With First American Nuclear

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AtkinsRealis Group (ATRL.TO) signed a Strategic Alliance agreement with First American Nuclear (FANCO) whereby the company will act as the exclusive engineering, procurement, and construction management (EPCM) provider for EAGL-1 small modular reactor (SMR) projects in North America.

Work has begun on the task orders, and the agreement contemplates services worth up to $250 million over the first five years, it said. Under the first task orders, AtkinsRealis will prepare procedures and policies required to do design work, such as a quality program and engineering procedures.

The company will also undertake the conceptual design for the balance of plant and review the design of the nuclear steam supply system.

Shares of the company closed down 1.4% to $88.9 on Tuesday on the Toronto Stock Exchange.

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