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Friday, February 13, 2015

B&W Announces $535 Million in Contracts for Naval Nuclear Reactor Programs

USS Nautilus (SSN 571)The Babcock & Wilcox Company (B&W) announced today that its subsidiary Babcock & Wilcox Nuclear Operations Group, Inc. (B&W NOG) has been awarded contracts totaling approximately $535.1 million for the manufacture of naval nuclear reactor components for U.S. Navy submarines and aircraft carriers.

Of this work, approximately $424.6 million was issued as options under previously announced contract awards in 2010 and 2013. Approximately $110.5 million has been issued under new contracts awarded in late 2014.

The work under these contracts, which began in January 2015, is being performed at B&W NOG's facilities in three states over the next several years.

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