ACTIVITIES POTENTIALLY VALUED AT $280 MILLION OVER SEVEN YEARS

The Babcock & Wilcox Company (B&W) (NYSE:BWC), through its subsidiary Babcock & Wilcox Technical Services Group, Inc. (B&W TSG), is pleased to announce that B&W Shaw Remediation, LLC has been awarded contracts to provide environmental remediation services for the Bechtel Marine Propulsion Corporation at the Knolls Atomic Power Laboratory in New York, the Bettis Atomic Power Laboratory in Pennsylvania and the Naval Reactor Facility (NRF) in Idaho.

"B&W is appreciative to have been selected by the Bechtel Marine Propulsion Corporation for these projects," said S. Robert Cochran, B&W TSG President. "We have joined with an excellent partner, Shaw Environmental & Infrastructure Inc., and together we look forward to providing safe and efficient operations at these facilities."

About B&W

Headquartered in Charlotte, N.C., The Babcock & Wilcox Company is a leader in clean energy technology and services, primarily for the nuclear, fossil and renewable power markets, as well as a premier advanced technology and mission critical defense contractor. B&W has locations worldwide and employs approximately 12,000 people, in addition to approximately 10,000 joint venture employees. Learn more at www.babcock.com.

Cautionary Statement Regarding Forward Looking Statements

B&W cautions that this release contains forward-looking statements, including statements relating to the scope, timing and potential value of the remediation services contracts. These forward-looking statements involve a number of risks and uncertainties, including, among other things, changes in contract scope and fluctuations in U.S. federal government appropriations. If one or more of these or other risks materialize, actual results may vary materially from those expected. For a more complete discussion of these and other risk factors, please see B&W's filings with the Securities and Exchange Commission, including our registration statement on Form 10, as amended. B&W cautions not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and undertakes no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.