News

The Babcock & Wilcox Company (B&W) (NYSE: BWC) announced today that its Babcock & Wilcox Power Generation Group, Inc. (B&W PGG) subsidiary has been selected to receive $2.8 million in financial assistance funding from the U.S. Department of Energy to study chemical formulations to improve the performance of its Regenerable Solvent Absorption Technology (RSAT™) process solvent used to capture carbon dioxide (CO2) from coal-fired power plants. The project will be managed by DOE's National Energy Technology Laboratory under its Innovations for Existing Plants (IEP) Program.

The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary Babcock & Wilcox Technical Services Group, Inc. (B&W TSG) has received contract extensions for the management and operations of the Pantex Plant and the Y-12 National Security Complex from the National Nuclear Security Administration (NNSA).

The Babcock & Wilcox Company (B&W) (NYSE: BWC) today hosted a heat exchanger tube sheet laser welding demonstration, sponsored by the Edison Welding Institute (EWI) Nuclear Fabrication Consortium, at the B&W Research Center in Barberton, Ohio. The technology and processes demonstrated could prove beneficial to the nuclear manufacturing industry and supply chain by decreasing the time required to perform heat exchanger welds while reducing negative effects such as tube distortion and heat-affected zones created by traditional welding techniques.

The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that BWB Maintenance Services Company, LLC (BWB) has been awarded a master contract to provide fleet-wide maintenance and project support services on a task-specific basis for Progress Energy's nuclear power plants in North Carolina, South Carolina and Florida. BWB is a newly formed entity of BWB LLC, a joint venture between Babcock & Wilcox Nuclear Maintenance Services, Inc. and Bartlett Holdings, Inc.

The Babcock & Wilcox Company (B&W) announced today the acquisition by one of its subsidiaries of Anlagenbau und Fördertechnik Arthur Loibl GmbH (Loibl), a privately held Straubing, Bavaria, Germany-based manufacturer of material handling equipment, for an undisclosed amount. The business will be integrated and managed by Babcock & Wilcox Power Generation Group, Inc.'s (B&W PGG) Allen-Sherman-Hoff division and will operate as Loibl Allen-Sherman-Hoff GmbH.

The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that George Dudich has been named President, Babcock & Wilcox Technical Services Group, Inc. (B&W TSG), a subsidiary of B&W. Dudich replaces S. Robert (Bob) Cochran who left the company to pursue other opportunities.

The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary Nuclear Fuel Services, Inc. (NFS) has been awarded a $114.7 million contract for the manufacture and delivery of fuel and support activities for the U.S. Naval Nuclear Propulsion Program.

The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that Babcock & Wilcox Construction Co., Inc. (BWCC) has been awarded a contract valued at approximately $37 million to provide construction services for a baghouse installation project at Consumers Energy's J.H. Campbell Generating Complex, near West Olive, Mich.

The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that it has named Thomas A. Christopher to its Board of Directors.

The Babcock & Wilcox Company (B&W) (NYSE:BWC) and Generation mPower LLC (Generation mPower) will dedicate the unique B&W mPower™ Integrated System Test (IST) facility in Bedford County, Va., at a ceremony today. The facility is located at the Center for Advanced Engineering and Research (CAER) at the New London Business & Technology Center.