{"success":true,"data":{"pressRelease":{"id":"157439","rtpr_id":"nGNX86bJQ0-20260930","ticker":"BAM","exchange":"NYSE","all_tickers":["BAM"],"title":"U.S. – Korea Framework Advances Deployment of Westinghouse Nuclear Technology in the United States","author":"Globe Newswire","published_at":"2026-09-30T23:40:00.100Z","article_body":"Framework commits up to $120 billion of Korean investment to support\nconstruction of new nuclear reactors in the United States\n\nBuilds on strategic partnership between the U.S. Government, Brookfield and\nCameco to accelerate the deployment of Westinghouse nuclear technology\n\nNEW YORK, Sept. 30, 2026 (GLOBE NEWSWIRE) -- Brookfield Asset Management\n(“Brookfield”) today welcomed the new strategic framework agreement\nbetween the United States Government (“U.S. Government”) and the Republic\nof Korea (“Korea”) to support the deployment of Westinghouse technology in\nthe United States (“U.S.”).\n\nThe framework agreement commits up to $120 billion of investment by Korea to\nhelp finance the construction of eight large nuclear reactors in the U.S.,\nincluding six Westinghouse AP1000 reactors and two Korean APR1400 reactors\nwhich also incorporate Westinghouse technology. The reactors will be deployed\non federal sites designated by the U.S. Government, using the capabilities and\nexpertise of companies from both countries.\n\nThe framework agreement provides a defined pathway to support the construction\nof eight new reactors in the U.S., including six Westinghouse AP1000 reactors\nacross three two-unit plants on U.S. federal sites. An additional two APR1400\nreactors on U.S. federal sites will also be funded as part of the framework\nagreement, with Westinghouse benefiting from an upfront payment as well as\nguaranteed scope of work on the reactors, and a contract to provide\nfuel-fabrication services. Locating this new generation of reactors on federal\nsites provides a strategic opportunity to support the buildout of the power\nand compute infrastructure required to meet growing U.S. energy demand,\nincluding from AI.\n\nThe framework agreement also provides for a cornerstone equity investment of\nbetween 5% and 10% in Westinghouse by Korea, further aligning the parties\naround the long-term growth and deployment of Westinghouse technology.\n\nConnor Teskey, CEO of Brookfield Asset Management, said: “Today’s\nannouncement underscores why the U.S. is one of the most attractive markets in\nthe world to build new nuclear generation. Bringing together the capabilities\nof the U.S. and Korea, with Westinghouse’s leading nuclear technology, will\nmobilize significant capital and accelerate deployment at scale. Brookfield\nhas a long history of investing in the critical infrastructure that underpins\nthe U.S. economy, and we look forward to working with our partners to support\nthe expansion of America’s nuclear industry.”\n\nDan Sumner, President and Chief Executive Officer of Westinghouse, said:\n“Today’s announcement marks a defining moment for the future of U.S.\nnuclear energy and for the longstanding partnership between the United States\nand the Republic of Korea. The announcement also underscores the strategic\nimportance of Westinghouse in the deployment of nuclear energy – we bring\ndeep engineering expertise, a proven record of nuclear innovation and\nunmatched experience delivering advanced reactor technology in the U.S. and\naround the world.”\n\nBuilding a new generation of U.S. nuclear capacity\n\nToday’s announcement is the next step in the strategic partnership announced\nin October 2025 between the Department of Commerce, Westinghouse and its\nshareholders, Brookfield and Cameco, to fund the deployment of at least $80\nbillion of Westinghouse nuclear reactors in the U.S. on federal sites. This\nframework and funding commitment is separate and distinct from the Department\nof Energy’s strategic partnership announced in June 2026, including the\n$17.5 billion conditional loan funding arrangement to support the purchase of\nlong-lead items. Collectively these frameworks underpin the U.S. commitment to\nsignificantly expanding nuclear generation capacity to meet rapidly growing\ndemand for reliable, secure power, from electrification, reindustrialization\nand the buildout of AI and compute infrastructure.\n\nTerms of the transaction are non-binding and are subject to final\nnegotiations.\n\nAbout Brookfield Asset Management\n\nBrookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global\nalternative asset manager, headquartered in New York, with over $1 trillion of\nassets under management across infrastructure, energy, private equity, real\nestate, and credit. We invest client capital for the long-term with a focus on\nreal assets and essential service businesses that form the backbone of the\nglobal economy. We offer a range of alternative investment products to\ninvestors around the world – including public and private pension plans,\nendowments and foundations, sovereign wealth funds, financial institutions,\ninsurance companies and private wealth investors. We draw on Brookfield's\nheritage as an owner and operator to invest for value and generate strong\nreturns for our clients, across economic cycles.\n\nFor more information, please visit our website at www.brookfield.com.\n\n Brookfield Media : Marie Fuller Tel: +44 207 408 8375 Email: marie.fuller@brookfield.com  Kerrie McHugh Tel: +1 212 618 3469 Email: kerrie.mchugh@brookfield.com  Brookfield Investor Relations:  Alex Jackson (BEP) Tel: +1 647 484 8525 Email: alexander.jackson@brookfield.com  Jason Fooks (BAM) Tel: +1 212 417 2442 Email: jason.fooks@brookfield.com  \n                                                                                                                                                                                                                                                                                                                                                              \n\nNotice to Readers\n\nThis press release contains “forward-looking statements” within the\nmeaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act\nof 1934, “safe harbor” provisions of the United States Private Securities\nLitigation Reform Act of 1995 and “forward-looking information” within the\nmeaning of other relevant securities legislation, including applicable\nsecurities laws in Canada, which reflect our current views with respect to,\namong other things, our operations and financial performance (collectively,\n“forward-looking statements”). Forward-looking statements include\nstatements that are predictive in nature, depend upon or refer to future\nresults, events or conditions, and include, but are not limited to, statements\nwhich reflect management’s current estimates, beliefs and assumptions and\nwhich are in turn based on our experience and perception of historical trends,\ncurrent conditions and expected future developments, as well as other factors\nmanagement believes are appropriate in the circumstances. The estimates,\nbeliefs and assumptions of Brookfield are inherently subject to significant\nbusiness, economic, competitive and other uncertainties and contingencies\nregarding future events and as such, are subject to change. Forward-looking\nstatements are typically identified by words such as “expect”,\n“anticipate”, “believe”, “foresee”, “could”, “estimate”,\n“goal”, “intend”, “plan”, “seek”, “strive”, “will”,\n“may” and “should” and similar expressions. In particular, the\nforward-looking statements contained in this press release include statements\nreferring to the commitment size of the strategic partnership and its expected\nbenefits, the number and type of nuclear reactors to be constructed, the\ntiming and amount of the initial funding, the upfront payment, scope of work\nand contracts provided to Westinghouse, and the Republic of Korea’s equity\ninvestment in Westinghouse.\n\nAlthough Brookfield believes that such forward-looking statements are based\nupon reasonable estimates, beliefs and assumptions, certain factors, risks and\nuncertainties, which are described from time to time in our documents filed\nwith the securities regulators in the United States and Canada, not presently\nknown to Brookfield or that that Brookfield currently believes are not\nmaterial, could cause actual results or events to differ materially from those\ncontemplated or implied by forward-looking statements.\n\nReaders are urged to consider these risks, as well as other uncertainties,\nfactors and assumptions carefully in evaluating the forward-looking statements\nand are cautioned not to place undue reliance on such forward-looking\nstatements, which are based only on information available to Brookfield as of\nthe date of this press release. Except as required by law, Brookfield\nundertakes no obligation to publicly update or revise any forward-looking\nstatements, whether written or oral, that may be as a result of new\ninformation, future events or otherwise.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/3a57691b-db18-4432-b333-64c887278a17)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX86bJQ0-20260930","title":"U.S. – Korea Framework Advances Deployment of Westinghouse Nuclear Technology in the United States","author":"Globe Newswire","ticker":"BAM","created":"2026-09-30T23:40:00.100Z","tickers":["BAM"],"exchange":"NYSE","article_body":"Framework commits up to $120 billion of Korean investment to support\nconstruction of new nuclear reactors in the United States\n\nBuilds on strategic partnership between the U.S. Government, Brookfield and\nCameco to accelerate the deployment of Westinghouse nuclear technology\n\nNEW YORK, Sept. 30, 2026 (GLOBE NEWSWIRE) -- Brookfield Asset Management\n(“Brookfield”) today welcomed the new strategic framework agreement\nbetween the United States Government (“U.S. Government”) and the Republic\nof Korea (“Korea”) to support the deployment of Westinghouse technology in\nthe United States (“U.S.”).\n\nThe framework agreement commits up to $120 billion of investment by Korea to\nhelp finance the construction of eight large nuclear reactors in the U.S.,\nincluding six Westinghouse AP1000 reactors and two Korean APR1400 reactors\nwhich also incorporate Westinghouse technology. The reactors will be deployed\non federal sites designated by the U.S. Government, using the capabilities and\nexpertise of companies from both countries.\n\nThe framework agreement provides a defined pathway to support the construction\nof eight new reactors in the U.S., including six Westinghouse AP1000 reactors\nacross three two-unit plants on U.S. federal sites. An additional two APR1400\nreactors on U.S. federal sites will also be funded as part of the framework\nagreement, with Westinghouse benefiting from an upfront payment as well as\nguaranteed scope of work on the reactors, and a contract to provide\nfuel-fabrication services. Locating this new generation of reactors on federal\nsites provides a strategic opportunity to support the buildout of the power\nand compute infrastructure required to meet growing U.S. energy demand,\nincluding from AI.\n\nThe framework agreement also provides for a cornerstone equity investment of\nbetween 5% and 10% in Westinghouse by Korea, further aligning the parties\naround the long-term growth and deployment of Westinghouse technology.\n\nConnor Teskey, CEO of Brookfield Asset Management, said: “Today’s\nannouncement underscores why the U.S. is one of the most attractive markets in\nthe world to build new nuclear generation. Bringing together the capabilities\nof the U.S. and Korea, with Westinghouse’s leading nuclear technology, will\nmobilize significant capital and accelerate deployment at scale. Brookfield\nhas a long history of investing in the critical infrastructure that underpins\nthe U.S. economy, and we look forward to working with our partners to support\nthe expansion of America’s nuclear industry.”\n\nDan Sumner, President and Chief Executive Officer of Westinghouse, said:\n“Today’s announcement marks a defining moment for the future of U.S.\nnuclear energy and for the longstanding partnership between the United States\nand the Republic of Korea. The announcement also underscores the strategic\nimportance of Westinghouse in the deployment of nuclear energy – we bring\ndeep engineering expertise, a proven record of nuclear innovation and\nunmatched experience delivering advanced reactor technology in the U.S. and\naround the world.”\n\nBuilding a new generation of U.S. nuclear capacity\n\nToday’s announcement is the next step in the strategic partnership announced\nin October 2025 between the Department of Commerce, Westinghouse and its\nshareholders, Brookfield and Cameco, to fund the deployment of at least $80\nbillion of Westinghouse nuclear reactors in the U.S. on federal sites. This\nframework and funding commitment is separate and distinct from the Department\nof Energy’s strategic partnership announced in June 2026, including the\n$17.5 billion conditional loan funding arrangement to support the purchase of\nlong-lead items. Collectively these frameworks underpin the U.S. commitment to\nsignificantly expanding nuclear generation capacity to meet rapidly growing\ndemand for reliable, secure power, from electrification, reindustrialization\nand the buildout of AI and compute infrastructure.\n\nTerms of the transaction are non-binding and are subject to final\nnegotiations.\n\nAbout Brookfield Asset Management\n\nBrookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global\nalternative asset manager, headquartered in New York, with over $1 trillion of\nassets under management across infrastructure, energy, private equity, real\nestate, and credit. We invest client capital for the long-term with a focus on\nreal assets and essential service businesses that form the backbone of the\nglobal economy. We offer a range of alternative investment products to\ninvestors around the world – including public and private pension plans,\nendowments and foundations, sovereign wealth funds, financial institutions,\ninsurance companies and private wealth investors. We draw on Brookfield's\nheritage as an owner and operator to invest for value and generate strong\nreturns for our clients, across economic cycles.\n\nFor more information, please visit our website at www.brookfield.com.\n\n Brookfield Media : Marie Fuller Tel: +44 207 408 8375 Email: marie.fuller@brookfield.com  Kerrie McHugh Tel: +1 212 618 3469 Email: kerrie.mchugh@brookfield.com  Brookfield Investor Relations:  Alex Jackson (BEP) Tel: +1 647 484 8525 Email: alexander.jackson@brookfield.com  Jason Fooks (BAM) Tel: +1 212 417 2442 Email: jason.fooks@brookfield.com  \n                                                                                                                                                                                                                                                                                                                                                              \n\nNotice to Readers\n\nThis press release contains “forward-looking statements” within the\nmeaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act\nof 1934, “safe harbor” provisions of the United States Private Securities\nLitigation Reform Act of 1995 and “forward-looking information” within the\nmeaning of other relevant securities legislation, including applicable\nsecurities laws in Canada, which reflect our current views with respect to,\namong other things, our operations and financial performance (collectively,\n“forward-looking statements”). Forward-looking statements include\nstatements that are predictive in nature, depend upon or refer to future\nresults, events or conditions, and include, but are not limited to, statements\nwhich reflect management’s current estimates, beliefs and assumptions and\nwhich are in turn based on our experience and perception of historical trends,\ncurrent conditions and expected future developments, as well as other factors\nmanagement believes are appropriate in the circumstances. The estimates,\nbeliefs and assumptions of Brookfield are inherently subject to significant\nbusiness, economic, competitive and other uncertainties and contingencies\nregarding future events and as such, are subject to change. Forward-looking\nstatements are typically identified by words such as “expect”,\n“anticipate”, “believe”, “foresee”, “could”, “estimate”,\n“goal”, “intend”, “plan”, “seek”, “strive”, “will”,\n“may” and “should” and similar expressions. In particular, the\nforward-looking statements contained in this press release include statements\nreferring to the commitment size of the strategic partnership and its expected\nbenefits, the number and type of nuclear reactors to be constructed, the\ntiming and amount of the initial funding, the upfront payment, scope of work\nand contracts provided to Westinghouse, and the Republic of Korea’s equity\ninvestment in Westinghouse.\n\nAlthough Brookfield believes that such forward-looking statements are based\nupon reasonable estimates, beliefs and assumptions, certain factors, risks and\nuncertainties, which are described from time to time in our documents filed\nwith the securities regulators in the United States and Canada, not presently\nknown to Brookfield or that that Brookfield currently believes are not\nmaterial, could cause actual results or events to differ materially from those\ncontemplated or implied by forward-looking statements.\n\nReaders are urged to consider these risks, as well as other uncertainties,\nfactors and assumptions carefully in evaluating the forward-looking statements\nand are cautioned not to place undue reliance on such forward-looking\nstatements, which are based only on information available to Brookfield as of\nthe date of this press release. Except as required by law, Brookfield\nundertakes no obligation to publicly update or revise any forward-looking\nstatements, whether written or oral, that may be as a result of new\ninformation, future events or otherwise.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/3a57691b-db18-4432-b333-64c887278a17)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-09-30T23:40:00.140379446Z","server_sent_at_ms":1790811600140},"received_at":"2026-09-30T23:40:00.192Z","source_url":null},"analysis":{"id":"146105","press_release_id":"157439","analysis_json":{"industry":{"label":"Capital Markets","sector":"Financials"},"redFlags":["terms are non-binding and subject to final negotiations","no specific revenue or fee figures disclosed for Brookfield/Westinghouse"],"eventType":"partnership","narrative":"A new U.S.-Korea framework agreement commits up to $120 billion of Korean investment to finance eight new nuclear reactors on U.S. federal sites, including six Westinghouse AP1000 units.\n\nBrookfield Asset Management, which co-owns Westinghouse alongside Cameco, benefits through an upfront payment, guaranteed scope of work, a fuel-fabrication contract, and a planned Korean cornerstone equity stake of 5-10% in Westinghouse.\n\nThe framework builds on an October 2025 partnership targeting at least $80 billion of Westinghouse reactor deployment, and adds to a $17.5 billion DOE conditional loan arrangement.\n\nTerms of the transaction are non-binding and subject to final negotiations, so the economic benefit to Brookfield remains contingent.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"$120B U.S.-Korea nuclear framework is a major catalyst for Brookfield's Westinghouse stake, though terms remain non-binding."},"keyFigures":{"dealValueUsd":"$120 billion","customDimensions":{"brookfield_aum":"$1 trillion","ap1000_reactors":6,"apr1400_reactors":2,"reactors_planned":8,"doe_conditional_loan":"$17.5 billion","prior_partnership_commitment":"$80 billion","korea_equity_stake_in_westinghouse":"5%-10%"}},"quotedText":"Today's announcement underscores why the U.S. is one of the most attractive markets in the world to build new nuclear generation.","namedEntities":{"people":[{"name":"Connor Teskey","role":"CEO of Brookfield Asset Management"},{"name":"Dan Sumner","role":"President and CEO of Westinghouse"}],"products":["Westinghouse AP1000","APR1400"],"companies":[{"name":"Brookfield Asset Management Ltd.","ticker":"BAM","relationship":"filer / Westinghouse shareholder"},{"name":"Westinghouse","relationship":"portfolio company (co-owned with Cameco)"},{"name":"Cameco","relationship":"Westinghouse co-shareholder / partner"},{"name":"U.S. Government","relationship":"government partner"},{"name":"Republic of Korea","relationship":"government partner / investor"},{"name":"Department of Commerce","relationship":"government partner"},{"name":"Department of Energy","relationship":"lender (conditional loan arrangement)"}],"dollarAmounts":[{"amount":"$120 billion","context":"Korean investment commitment for U.S. reactor construction"},{"amount":"$80 billion","context":"October 2025 strategic partnership reactor deployment commitment"},{"amount":"$17.5 billion","context":"DOE conditional loan funding arrangement for long-lead items"},{"amount":"$1 trillion","context":"Brookfield assets under management"}]},"materialImpact":{"score":3,"reasoning":"A U.S.-Korea framework commits up to $120 billion to build eight reactors, including six Westinghouse AP1000 units, directly benefiting Brookfield's Westinghouse ownership. However, terms are explicitly non-binding and subject to final negotiations, limiting near-term financial impact."},"tickerRelevance":{"others":[],"primary":"BAM"},"globalImportance":45,"audienceRelevance":40,"eventTypeSecondary":["operations_update"],"importanceComponents":{"tickerTier":"large-cap asset manager","eventGravity":"major infrastructure framework, non-binding","sectorWeight":"nuclear/AI power demand narrative","indirectBenefit":true}},"event_type":"partnership","event_type_secondary":["operations_update"],"sentiment":"bullish","material_impact_score":3,"narrative":"A new U.S.-Korea framework agreement commits up to $120 billion of Korean investment to finance eight new nuclear reactors on U.S. federal sites, including six Westinghouse AP1000 units.\n\nBrookfield Asset Management, which co-owns Westinghouse alongside Cameco, benefits through an upfront payment, guaranteed scope of work, a fuel-fabrication contract, and a planned Korean cornerstone equity stake of 5-10% in Westinghouse.\n\nThe framework builds on an October 2025 partnership targeting at least $80 billion of Westinghouse reactor deployment, and adds to a $17.5 billion DOE conditional loan arrangement.\n\nTerms of the transaction are non-binding and subject to final negotiations, so the economic benefit to Brookfield remains contingent.","key_figures":{"dealValueUsd":"$120 billion","customDimensions":{"brookfield_aum":"$1 trillion","ap1000_reactors":6,"apr1400_reactors":2,"reactors_planned":8,"doe_conditional_loan":"$17.5 billion","prior_partnership_commitment":"$80 billion","korea_equity_stake_in_westinghouse":"5%-10%"}},"named_entities":{"people":[{"name":"Connor Teskey","role":"CEO of Brookfield Asset Management"},{"name":"Dan Sumner","role":"President and CEO of Westinghouse"}],"products":["Westinghouse AP1000","APR1400"],"companies":[{"name":"Brookfield Asset Management Ltd.","ticker":"BAM","relationship":"filer / Westinghouse shareholder"},{"name":"Westinghouse","relationship":"portfolio company (co-owned with Cameco)"},{"name":"Cameco","relationship":"Westinghouse co-shareholder / partner"},{"name":"U.S. Government","relationship":"government partner"},{"name":"Republic of Korea","relationship":"government partner / investor"},{"name":"Department of Commerce","relationship":"government partner"},{"name":"Department of Energy","relationship":"lender (conditional loan arrangement)"}],"dollarAmounts":[{"amount":"$120 billion","context":"Korean investment commitment for U.S. reactor construction"},{"amount":"$80 billion","context":"October 2025 strategic partnership reactor deployment commitment"},{"amount":"$17.5 billion","context":"DOE conditional loan funding arrangement for long-lead items"},{"amount":"$1 trillion","context":"Brookfield assets under management"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-30T23:40:06.594Z","global_importance":45,"audience_relevance":40,"importance_components":{"tickerTier":"large-cap asset manager","eventGravity":"major infrastructure framework, non-binding","sectorWeight":"nuclear/AI power demand narrative","indirectBenefit":true}},"durationMs":6386,"modelName":"glm-5.3-flashx"}}