Alissa Tabirian
NS&D Monitor
7/10/2015
The Babcock & Wilcox company split went into effect last week, separating the newly named BWX Technologies from the power generation spin-off Babcock & Wilcox Enterprises, the two companies announced. BWXT began trading under its new ticker symbol on the New York Stock Exchange, the announcement says. John Fees, executive chairman of BWXT, said in the release that the “standalone company . . . will have greater management focus on the distinct business of government and nuclear operations.”
B&W’s new business segments include a Global Services Division to handle “service projects” for energy customers, a Global Power Division for engineering and “construction of renewable and fossil fuel power plants,” and an Industrial Environmental Division focusing on “advanced environmental technologies,” according to the new company’s announcement.
