B&W AWARDED NAVAL REACTORS COMPONENTS CONTRACT

Babcock & Wilcox’s Nuclear Operations Group has been awarded a Naval Reactors contract that could be worth up to $1.3 billion over the next three years, the company said yesterday. B&W received an initial $508 million order for nuclear components that are used to manufacture nuclear power systems for Navy submarines and aircraft carriers, and future options in Fiscal Year 2014 through FY 2016 could bring in additional work under the contract, B&W said. “We are very pleased with this contract and the opportunity it affords B&W to continue to support our country, our customer, our employees and our shareholders,” B&W Nuclear Operations Group President Peyton Baker said in a statement. “The reliability of our nuclear products will again be called on to help ensure that our Navy can successfully meet its missions.”