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This note provides details on the Government's new investment programme at the Atomic Weapons Establishment (AWE) and examines the new ownership arrangements at AWE Management Ltd (AWEML), the consortium which manages AWE on behalf of the government, which resulted from the decision by British Nuclear Fuels Ltd (BNFL) to sell their one-third stake in AWEML to the US-based Jacobs Engineering Group on 18 December 2008.


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