B&W wins more than $1 bilion for Nuclear Components

LYNCHBURG, Va. --- Babcock & Wilcox Nuclear Operations Group, Inc. (B&W NOG), a major operating unit of The Babcock & Wilcox Company (B&W), has received awards in excess of $1 billion for the manufacture of nuclear components to support U.S. defense programs, including the manufacture of U.S. Naval nuclear power systems for submarines and aircraft carriers. This work is part of a previously negotiated and announced set of contracts that, if fully executed, will be worth more than $2.66 billion in revenue over 10 years. As a result of this increased workload, B&W NOG expects to hire an estimated 250 new salaried and hourly employees throughout three of its locations. “We are extremely pleased with these new agreements and the continued growth of B&W’s nuclear business segments and product line,” said Brandon C. Bethards, chief executive officer of B&W. “The B&W team will continue to focus on providing a complete range of reliable, cost effective and technologically advanced nuclear products as we help our clients meet today’s needs, as well as those of the future.”