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Washington Group International has completed the acquisition of BNFL's rights to future profits generated by the former Westinghouse government services businesses that Washington Group and BNFL jointly purchased six years ago from CBS Corporation.

3 January 2006 - Washington Group International has completed the acquisition of BNFL's rights to future profits generated by the former Westinghouse government services businesses that Washington Group and BNFL jointly purchased six years ago from CBS Corporation.

As a result of the deal BNFL will receive $36.2m and will relinquish all responsibility for the two businesses, Westinghouse Government Services Company and Westinghouse Government Environmental Services Company.

Under a previous agreement announced in August 2004, Washington Group agreed to pay BNFL 30 per cent of the profits from the existing legacy contracts of the two businesses, 40 per cent of the profits on future Washington Group contracts at certain US Department of Energy sites and one Department of Defence operation, and 10 per cent of the profits from all other contracts Washington Group holds with DOE sites until the end of September 2012. In exchange Washington Group controlled the two units.

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