Jacobs Pockets Two Czech Republic Nuclear Contracts

Jacobs Engineering Group Inc J won two new contracts to support the Czech nuclear sector with radioactive waste management services. Financial terms were not disclosed.
National utility ČEZ has selected Jacobs' SIAL geopolymer encapsulation technology to safely solidify 250 metric tons of low and intermediate-level radioactive sludge at the Dukovany Nuclear Power Plant. Jacobs will treat the sludge currently held in storage tanks at the plant and encapsulate it in 200-liter drums ready for transport to long-term storage. The work is expected to take five years.
SÚRAO, the Czech Republic's Radioactive Waste Repository Authority, appointed Jacobs to a safety assessment and technical advice framework for its planned deep geological repository. This contract complements Jacobs' work supporting radioactive waste repositories in the U.K., Finland, Sweden, and Belgium.
Price Action: J shares closed 0.7% higher at $145.52 on Wednesday.