News

The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary, Babcock & Wilcox Nuclear Operations Group, Inc. (B&W NOG), received its second release under the $2 billion contract awarded in 2010. The $600 million order was funded in the fourth quarter of 2011 and is for the manufacture of nuclear components to support U.S. defense programs including the manufacture of naval nuclear power systems for submarines and aircraft carriers. Combined with the annual award for naval nuclear fuel announced during the fourth quarter, B&W NOG reported total fourth-quarter bookings of $777.6 million, and ended 2011 with total backlog of approximately $3.0 billion.

The Babcock & Wilcox Company (B&W) (NYSE: BWC) announced today that its subsidiary, Babcock & Wilcox Power Generation Group, Inc. (B&W PGG), has been awarded a contract to design and supply two spray dry absorber (SDA) units and associated equipment for Xcel Energy's coal-fired Pawnee Generating Station in Brush, Colo.

The Babcock & Wilcox Company (B&W) (NYSE:BWC) confirmed today that it plans to apply for a Public-Private Partnership through the U.S. Department of Energy (DOE) for the development of small modular reactor (SMR) technology. A draft Funding Opportunity Announcement (FOA) issued by the DOE outlines a plan to provide investments to private industry to support the design, licensing and manufacturing of SMRs.

The Babcock & Wilcox Company (B&W) (NYSE: BWC) announced today that its subsidiary Babcock & Wilcox Construction Co., Inc. (BWCC) has been awarded a contract worth more than $75 million to provide construction services for the installation of environmental equipment at Northern Indiana Public Service Company's (NIPSCO) R.M. Schahfer Generating Station in Wheatfield, Ind.

The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that Charles (Chuck) G. Spencer has joined Babcock & Wilcox Technical Services Group, Inc. (B&W TSG) as Vice President and Chief Operating Officer.

The Babcock & Wilcox Company (B&W) (NYSE: BWC) announced today that it is realigning its commercial nuclear business in response to changing market conditions, growth opportunities and the continuing progress of its small modular reactor (SMR) business.

The Babcock & Wilcox Company (B&W) (NYSE: BWC) announced today that its subsidiary Babcock & Wilcox Power Generation Group, Inc. (B&W PGG) has been awarded a $43 million contract by architectural, engineering and construction firm Burns & McDonnell to engineer and supply a spray dry absorber (SDA) system and a pulse jet fabric filter baghouse for Interstate Power and Light Company's (IPL) Ottumwa Generating Station power plant in Ottumwa, Iowa.

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.