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Bechtel, SAIC Combine to Win DOE Contract

November 14, 2000

SAN FRANCISCO, November 14, 2000—Bechtel National, Inc., and SAIC today announced they have been awarded the management and operating contract for the civilian radioactive waste management program by the U.S. Department of Energy. Transition work starts immediately and the $3.1 billion, five-year contract is scheduled to begin on February 12, 2001.

The Bechtel-SAIC Co., will support DOE's efforts to design, construct, and operate a permanent geologic repository to safely store the nation's spent nuclear fuel and other high-level radioactive waste. Currently, Yucca Mountain, nearly 100 miles northwest of Las Vegas, is under consideration as a site for the nation's high-level waste repository.

Tom Hash, President of Bechtel National, Inc., said, "The new team is looking forward to partnering with DOE to meet the short- and long-term milestones on the program. We bring outstanding project management, world-class science, and proven systems and processes to this important mission. The team combines the world's largest engineering and construction firm of Bechtel and the world-class scientific capabilities of SAIC into a dedicated program organization.

"The Bechtel-SAIC team is committed to work with DOE to implement a smooth transition of all the work activities," Hash said.