Company profile
CH2M Hill, based in the US, provides consulting, design, design-build, operations, and programme management services for the energy, environmental, facilities, resources, transportation and water sectors.[1] On 2 August 2017 it was announced that CH2M Hill will be acquired by Jacobs Engineering Group Inc. in the first quarter of 2018[2]
In the financial year ending 31 December 2016, CH2M Hill generated revenues of US$ 5.2 billion (€5.0 billion), resulting in an operating loss of US$ 240.0 million (€ 227.8 million) and a net income of US$ 15 million (€ 14.2 million).[3]
In December 2017, Jacobs Engineering acquired CH2M Hill.[12]
Contact Information
| Website: | Twitter: | Facebook: |
| www.ch2m.com/ | @ch2m | www.facebook.com/CH2MHILL |
9191 South Jamaica Street,
Englewood, Colorado, 80112 USA
+1.720.286.2000
Nuclear weapons
Together with partners BWX Technologies, Aecom and Northrop Grumman, CH2M Hill is a joint venture partner in National Security Technologies (NSTec). The exact ownership distribution is not known. Since 2006, NSTec has managed the Nevada National Security Site (NNSS), previously known as the Nevada Test Site.[4] The US$ 3.1 billion (€ 2.3 billion) contract includes operation and maintenance of over 500 facilities and laboratories as well as associated infrastructure, vehicles, and IT/communications.[5] The contract expired in September 2016,[6] but has been updated a few times. The last update was in June 2017 for an additional 3 months.[7] The NNSS is the only US nuclear test site where subcritical tests are still taking place, and is a critical facility for the modernisation of the US nuclear arsenal. The most recent subcritical test was the Pollux test in December 2012.[8] In the financial years 2014 to 2016, the National Nuclear Security Administration (NNSA) successfully completed the Lyra-series of three scaled-integral implosion experiments providing information for the US and UK nuclear weapon laboratories; these included Vega, a subcritical experiment in the NNSS complex using a plutonium pit.[9]
The joint venture is responsible for managing the nuclear explosives safety team, as well as support for hazardous chemical spill testing, emergency response training, and more.[10] CH2M Hill claims to be responsible for planning and integration of the entire site, waste management, including operating a low level radioactive disposal facility, environmental restoration of the land contaminated from many years of nuclear testing, and legal counsel.[11]
Investors
The following financial institutions have made approximately US$ 1,300 million available to this producer between January 2014 and October 2017.
- Bank of America (United States)
- BNP Paribas (France)
- JPMorgan Chase (United States)
- M&T Bank (United States)
- Mitsubishi UFJ Financial (Japan)
- Wells Fargo (United States)
Notes
[1] CH2M HILL, “What we do”, Website CH2M HILL (www.ch2m.com/what-we-do), viewed August 2017.
[2] CH2M HILL, “Jacobs to Acquire CH2M to Create Premier $15 Billion Global Solutions Provider”, Website CH2M HILL (www.ch2m.com/newsroom/news/jacobs-acquire-ch2m-create-premier-15-billion-global-solutions-provider), viewed August 2017.
[3] CH2M HILL, “Annual Report 2016”, CH2M HILL, February 2017.
[4] National Security Technologies, “NSTec, Who we are…”, Website National Security Technologies (www2.nstec.com/Pages/About.aspx), viewed June 2017; Aecom, “10-K Annual Report 2013”, Aecom, November 2013 (phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MjIzNjQyfENoaWxkSUQ9LTF8VHlwZT0z&t=1);
InsideDefense, “DOE Awards Northrop Grumman Nevada Test Site Management and Operations Contract”, InsideDefense, 29 March 2006.
[5] Aecom, “Annual Report 2014”, Aecom, November 2014.
[6] Rothberg, D., “With billions at stake, contractors eye bid to operate National Security Site”, Website Las Vegas Sun, 25 November 2015 (lasvegassun.com/news/2015/nov/25/with-billions-at-stake-contractors-eye-bid-to-oper/).
[7] Nevada National Security Site, “National Security Technologies, LLC Contract Modifications”, Website NNSS, (www.nnss.gov/pages/NFO/PrimeContracts/NSTec-Mods.html), viewed in July 2017.
[8] Nevada Site Office, “NNSA Conducts Pollux Subcritical Experiment at Nevada National Security Site”, Website Nevada Site Office, 6 December 2012 (nnsa.energy.gov/mediaroom/pressreleases/pollux120612);
Lichterman, A., “Issue Update – Subcritical tests”, Western States Legal Foundation, 2012 (www.wslfweb.org/docs/WSLF%20Issue%20Update–Subcritical%20Tests%20Fall%202012.pdf).
[9] National Nuclear Security Administration, “Los Alamos National Laboratory: Fiscal Year 2016 Performance Evaluation Report (PER)”, Website National Nuclear Security Administration, (nnsa.energy.gov/sites/default/files/nnsa/multiplefiles/fy_2016_lans_fdo_memo_publicly_releasable_per.pdf), p. 12; Office of Research, Development, Test and Evaluation, “Stockpile Stewardship Quarterly”, National Nuclear Security Administration (NNSA), March 2015 (www.nnsa.energy.gov/sites/default/files/2015-03%20SSQ%20V5%20N1.pdf); Furlanetto, M.R., “Stockpile Stewardship through Subcritical Experiments”, Los Alamos National Laboratory, 19 February 2014 (www.orau.gov/ssap2014/presentations/furlanetto_m.pdf).
[10] U.S. Department of Energy, “FY 2016 Performance Evaluation Plan, National Security Technologies, LLC”, U.S. Department of Energy, September 2015 (nnsa.energy.gov/sites/default/files/nnsa/multiplefiles/FY2016%20NSTec%20PEMP_Redacted.pdf).
[11] CH2M HILL, “CH2M HILL Awarded Joint Venture Contract to Provide Support and Infrastructure Expertise at the Nevada Test Site”, Media release CH2M HILL, 3 April 2006 (www.ch2m.com/node/11401).
[12] Jacobs Engineering, “Jacobs Completes CH2M Acquisition, Creating $15 Billion Professional Services Leader Focused on Delivering Innovative Solutions for a More Connected, Sustainable World”, News Release Jacobs Engineering, 18 December 2017, available http://invest.jacobs.com/investors/Press-Release-Details/2017/Jacobs-Completes-CH2M-Acquisition-Creating-15-Billion-Professional-Services-Leader-Focused-on-Delivering-Innovative-Solutions-for-a-More-Connected-Sustainable-World/default.aspx.