WGI Inks Deal With Mitsubishi on U.S.-APWR

Just off the wire:

Washington GroupInternational (Nasdaq: WGII) announced today that it has been selected by Mitsubishi Heavy Industries, Ltd. (MHI), to provide design certification document engineering and licensing services to support MHI's plans to launch its new advanced pressurized water reactor model, the US-APWR, in the U.S. market.

Washington Group will perform services to prepare the design certification document to assist MHI efforts to obtain Nuclear Regulatory Commission certification of the US-APWR design. After the design certification document has been approved, Washington Group will leverage its nuclear industry and regulatory expertise to support MHI's introduction of its technology in the United States.

"Nuclear power is expected to return to prominence in meeting growing energy needs," said Lou Pardi, president of Washington Group's Power Business Unit. "Washington Group International has been providing nuclear expertise since the industry's infancy, and this project continues our heritage of leadership and innovation. We plan to be involved with several new nuclear technologies in order to serve the current and future owners of new nuclear plants worldwide."