During more than forty years of US and Russian defence programmes, very large quantities of fissionable nuclear materials were produced. In a broad nonproliferation initiative, the US and Russian governments have entered into various agreements which are fulfilling President Eisenhower's challenge in 1953 to “diminish the potential destructive power of the world’s atomic stockpiles” by harnessing the valuable energy content of these potentially dangerous materials and converting them into “abundant electrical energy” supplies. AREVA was incorporated on 3 September 2001 and is comprised of two core businesses: Nuclear Power and (electrical) Connectors. In 2002, AREVA had total revenues of ?8.3 billion: Nuclear Power contributed ?6.58 billion and Connectors (through FCI) ?1.72 billion. AREVA has over 50 000 employees in more than 30 countries. AREVA has two primary Nuclear Power subsidiaries: COGEMA and Framatome ANP. AREVA plays a major role in all phases of the nuclear fuel cycle: through COGEMA at both the front end (uranium, conversion and enrichment) and the back end (dry spent fuel storage systems, transportation, reprocessing, recycling and production of mixed oxide (MOX) fuels). AREVA's Framatome ANP is the world’s leading company for the design and construction of nuclear power reactor systems (PWR and BWR), and provider of fuel fabrication and engineering and reactor services to operators of nuclear reactors.
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