The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary Babcock & Wilcox Nuclear Operations Group, Inc. (B&W NOG) has received three U.S. Naval Reactors Program contracts totaling approximately $73 million. The contracts are for technology development and nuclear manufacturing in support of U.S. Navy training operations and other naval nuclear-related programs.
"B&W NOG is pleased to continue its support of the U.S. Naval Reactors Program with these three new contracts," said Peyton S. Baker, President of B&W NOG. "We realize the important role that B&W NOG's unique development and manufacturing capabilities play in supporting the men and women who serve aboard the U.S. Navy's fleet."
B&W NOG offers a complete range of nuclear components and services, including the manufacture of nuclear reactor components for U.S. Navy submarines and aircraft carriers, as well as other nuclear and non-nuclear R&D and component production. The company employs more than 3,900 people with operations in Virginia, Ohio, Indiana and a subsidiary in Tennessee.
Source: The Babcock & Wilcox Company
Date: Jul 12, 2012