AREVA Selected by Major U.S. Utility for $100 million Investment in Nuclear Power Generation

AREVA has signed a series of contracts to provide nuclear fuel fabrication, outage services and used fuel management solutions to a major U.S. nuclear utility. These contracts represent an investment of more than $100 million by the utility to optimize the competitiveness of their power generation operation while meeting the ever-increasing safety requirements of the nuclear industry. These contracts span AREVA’s vast portfolio of energy solutions for the entire nuclear cycle.

“Building on AREVA’s commitment to operational excellence and innovation, we are continually improving to be better aligned with customers, particularly for safe operations and on-time delivery,” said Gary Mignogna, president and CEO of AREVA Inc. “This significant, long-term business commitment with a major utility will provide a substantial amount of work for AREVA’s workforce and facilities.”