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Thursday, May 10, 2012

B&W Announces $130 Million Contract for Naval Nuclear Reactor Components

[Virginia-Class submarine]The Babcock & Wilcox Company (B&W) announced today that its subsidiary Babcock & Wilcox Nuclear Operations Group, Inc. (B&W NOG) has received a $130 million contract for nuclear reactor components based on recent technological advances that will be used on the U.S. Navy's Virginia-Class submarines.

The award is in addition to previously announced contracts under which the Company is currently providing similar products and services.

Work will be performed at B&W NOG's Lynchburg, Va., facility over a five-year period, beginning immediately.

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