Westinghouse and Seaspan Sign MoU for AP1000® and AP300™ Projects
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 10 2024
0mins
Source: Businesswire
Partnership Announcement: Westinghouse Electric Company and Seaspan ULC have signed a memorandum of understanding to collaborate on nuclear new-build projects, with Seaspan potentially manufacturing key components for AP1000 and AP300 reactors.
Economic Impact: The agreement is expected to strengthen Canada's nuclear supply chain, generating significant GDP contributions and creating thousands of jobs through the construction and operation of advanced reactor facilities.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
