Cavendish Wins 'Lifetime' Nuclear Support Deal in U.K.

GALWAY, IRELAND--January 26, 2015 --Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) Cavendish Nuclear has clinched a 'lifetime' support deal for seven U.K. nuclear reactors from EDF Energy (London, England) worth an estimated £40 million ($60 million) per year.

Cavendish, part of Babcock International Group plc (LSE:BAB) (London, England), said that the first of two agreements is to support its fleet of seven Advanced Gas-Cooled Reactor (AGR) stations in the U.K..