ML041680175

Letter on Divestiture Plan Regarding Indirect Transfer of the Aerotest Radiography and Research Reactor

ML041680175
Person / Time
Site:	Aerotest
Issue date:	06/04/2004
From:	Mary Anderson Autoliv ASP
To:	Mathews D, Mendonca M Office of Nuclear Reactor Regulation, Division of Regulatory Improvement Programs
References
TAC MB1977
Download: ML041680175 (2)

Text

Autoliv June 4, 2004 David Mathews Director United States Nuclear Regulatory Commission Office of Nuclear Reactor Regulation Mail Stop: 012-E5 Washington, D.C. 20555-0001 Marvin Mendonca Senior Project Manager Operational Experience and Non-Power Reactors Branch Division of Regulatory Improvement Programs Office of Nuclear Reactor Regulation United States Nuclear Regulatory Commission Washington, D.C. 20555-0001 Via Facsimile (301-415-2279)

Re: Divestiture Plan Regarding Indirect Transfer of the Aerotest Radiography and Research Reactor (ARRR), Docket No. 50-228 License No. R-98

Dear Gentlemen:

Pursuant to our earlier correspondence and discussions, the following is a report of Aerotest's activities in support of its divestiture plan. As a preliminary matter, I would like to report that Aerotest continues to meet the provisions of the negation plan proposed in my letter of January 29, 2004.

While discussions continue with one of the potential individual buyers referred to my earlier correspondence (most recently, in late May), negotiations have yielded no proposals that meet the business needsof the parties. As such, we believe that the chances of completing a transaction with either of these individuals to be remote.

In my March 31 report to you, I also reported on the interest in the business expressed by each of two customers of Aerotest. While we have received nothing from either entity to indicate that the level of intrst has changed, we also have not engaged in discussions of the substantive terms of a possible sale with either. We attribute the slow progress to business and economic factors and not to a lack of interest in a trasaction. In addition to the above, we continue to attempt to identify and approach other parties we feel could have an interest in the Aerotest business.

Aerotest continues to successfully compete for new contracts. Its first quarter sales grewt by approximately 20% over the same period last year. Currently, approximately 80% of its sales are related to government contracts CLe, sales of service to government contractors).

Michael S.Anderson Vfice President for Legal Aflfars A2Pacic Crnve and General Counsel American Technical Center Phone: (248) 475-0442 Auburn Hils. Ml 48326 air: 1248) 475.9296 Phone: (248) 475.9000

We will continue to comply with the negation plan contained in my January 29,2004 letter, and to report to you at 60 day intervals concerning progress on our divestiture plan.

I would be happy to answer any question you may have about the foregoing. Please feel firee to contact me at your convenience.

Very truly yours, Michael S. Anderson Vice President for Legal Affairs and General Counsel cc: R. Tsukimura