Monday, February 11, 2013

B&W Receives $510 Million in Defense Contracts

B&W Receives $510 Million in Defense Contracts

Babcock & Wilcox announced nuclear component contracts worth more than $510 million Tuesday, including $65 million awarded under a new contract for fiscal year 2013.

Nuclear-powered submarine. Source: B&WThe company's Nuclear Operations Group builds propulsion systems for submarines and aircraft carriers. The group begins the work under the new contracts this month at facilities in Lynchburg, Va.; Barberton, Ohio; Euclid, Ohio and Mt. Vernon, Ind. It will take place over eight years, according to a B&W release.http://nuclearstreet.com/nuclear_power_industry_news/b/nuclear_power_news/archive/2013/02/07/b_2600_w-receives-_2400_510-million-in-defense-contracts-020102.aspx

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