B&W CEO QUESTIONED ON SECURITY BREACH DURING INVESTOR CALL

In an investor call yesterday to discuss second quarter earnings, B&W CEO James Ferland said that the company is still studying what happened during the security breach at Y-12. “Obviously, we are working closely with the government to understand the incident,” Ferland said in response to an investor question. Ferland noted that B&W Y-12 Vice President for Safeguards, Security and Emergency Services Butch Clements was removed from his position following the incident, and Ferland said Pantex Deputy Manager Gen. Rodney Johnson was reassigned to Y-12 “to oversee the investigation and the corrective actions that are going to have to take place on that site.” He added, “So, still upfront and obviously has our focus as any of our government contracts especially when they involve safety and security of the facilities, but we have the right people working on it and if anything else emerges going forward we’ll let you know.”