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Amec Foster Wheeler Wins Major Radiological Remediation Contract with the U.S. Navy

 April 24, 2017 - 2:01 AM EDT

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Amec Foster Wheeler Wins Major Radiological Remediation Contract with the U.S. Navy

  • U.S. Naval Facilities Engineering Command awards Amec Foster Wheeler
    five-year contract with the opportunity to bid for US$240 million
    worth of work
  • Use of Amec Foster Wheeler’s innovative Orion ScanSortSM
    and Orion ScanPlotSM technologies
  • Win comes on the back of major remediation projects, highlighting Amec
    Foster Wheeler’s leading expertise in this area

Amec Foster Wheeler announces today it has been awarded a five-year
contract with U.S. Naval Facilities Engineering Command (NAVFAC) to
clean up and restore Navy properties contaminated with low-level
radioactive materials and industrial wastes. Many of the properties are
on the Superfund National Priority List and are predominantly located in
California.

The contract has an aggregate maximum value of US$240 million for the
multiple awardees and is estimated to reach completion by 2022.

Winning this contract places Amec Foster Wheeler in a prime position for
remediation work with the U.S. Navy. It recognises Amec Foster Wheeler
as a leading company for innovative solutions involving investigation,
remediation, and handling of radioactive materials. The company’s
proprietary Orion ScanSortSM1 soil sorting technology and
Orion ScanPlotSM2 mapping technology will be used to safely
deliver cost-efficient results.

Amec Foster Wheeler has an established and leading position in
radiological remediation and waste management. This contract comes on
the back of Amec Foster Wheeler’s project wins and ongoing work for the
U.S. Department of Energy, U.S. Army Corps of Engineers, Canadian
Nuclear Laboratories, and other public and private-sector clients around
the world.

Ann Massey, President of Amec Foster Wheeler’s Environment &
Infrastructure business, said:

“Using our proven expertise and experience in radiological
remediation, we will continue our 15-year history of support for the
U.S. Navy’s environmental programs to deliver a first-class service. We
use safe, efficient and highly innovative methods for the environmental
remediation of radiological waste. We are proud to receive this
commission from NAVFAC, which complements our ongoing work on similar
radiological projects around the world and represents another example of
our success in this area.”

ENDS

Notes to editors:

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 35,000 people in more than 55 countries and with 2016 revenues of
£5.4 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, power and process, 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.

Forward-Looking Statements

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.

Publication on Website

A copy of this announcement will be made available on Amec Foster
Wheeler’s website at www.amecfw.com
by no later than 12 noon (London time) on the business day following
publication of this announcement. For the avoidance of doubt, the
contents of this website are not incorporated into and do not form part
of this announcement.

1 ORION ScanSortSM is a portable, conveyor-based
system for laboratory quality radiometric scanning and real-time
segregation of radioactive material. ScanSortSM offers
significant benefits over traditional sorting methods, such as reducing
waste volumes by up to 95%; scanning excavated materials precisely and
accurately; and reduced manpower, transport and disposal costs.

2 ORION ScanPlotSM is a mobile system that
performs surface and shallow-depth radiological examination and
characterisation of open land. It provides instant output in a
customisable GIS report format and delivers spatially precise maps with
plotted locations of detected radioactivity, including concentrations of
each radioactive isotope detected and measured. It delivers fast,
accurate all-weather scanning of up to 20 acres per day, over difficult
terrains.

Amec Foster Wheeler
Deborah Moazen
+1 770 360 0675
deborah.moazen@amecfw.com
or
Achilleas
Georgiou
+44(0)20 7429 7511
achilleas.georgiou@amecfw.com

Source: Business Wire
(April 24, 2017 - 2:01 AM EDT)

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