News

The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that Winfred D. Nash, 66, President of Babcock & Wilcox Nuclear Operations Group, Inc. (B&W NOG) has informed B&W of his retirement, effective April 1, 2011.

The Babcock & Wilcox Company's (B&W) (NYSE:BWC) Denmark-based subsidiary, Babcock & Wilcox Vølund A/S (B&W Vølund), has been awarded a $35 million contract with Finland-based EkoKem OY to supply key equipment for a 36 megawatt waste-to-energy, combined heat and power plant in Riihimäki, Finland.

Babcock & Wilcox Power Generation Group, Inc. (B&W PGG) has named Ronald B. Johnson, an engineer and technical consultant at B&W PGG's Barberton headquarters, as the recipient of its 32nd Engineering Honors Award. The award coincides with the observance of National Engineers Week, a 60-year tradition established by the National Society of Professional Engineers and celebrated this year Feb. 20-26.

The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary Nuclear Fuel Services, Inc. (NFS) has been awarded a contract extension totaling approximately $79 million. The 2011 contract extension is for the continued 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 it has named Anne R. Pramaggiore to its Board of Directors. Pramaggiore is President and Chief Operating Officer of ComEd, a unit of Exelon Corporation that delivers electricity to 3.8 million customers across northern Illinois.

The Babcock & Wilcox Company (B&W) (NYSE:BWC) applauds today's signing of the U.S.-China Clean Energy Research Center (CERC) consortium work plan for advancing clean coal technologies. B&W is one of five U.S. companies involved in this CERC consortium, led by West Virginia University (WVU), which will work with Chinese partners to develop and test clean coal technologies, including carbon dioxide capture and storage.

The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary Babcock & Wilcox Canada Ltd. (B&W Canada) has been awarded a $107 million contract from SaskPower to engineer, manufacture, deliver and construct critical components for SaskPower's Boundary Dam Unit 3 in Estevan, Saskatchewan.

The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary, Babcock & Wilcox Nuclear Operations Group, Inc. (B&W NOG) has been awarded a contract totaling approximately $2.0 billion, including options. The base portion of the contract, which totals $807 million, will be funded in January and March and included in backlog at the end of 2010. The options are expected to be funded in Government Fiscal Years 2012 and 2013. The contract 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. The work will be performed over a 10-year period, beginning in January 2011.

The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary Babcock & Wilcox Nuclear Energy, Inc. (B&W NE) has been awarded a $24 million contract from Omaha Public Power District (OPPD) in Omaha, Neb., for uprate modifications at the Fort Calhoun Nuclear Generating Station. The scope of work includes engineering and construction to replace critical components and associated plant modifications.

The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that it has named Mr. Larry L. Weyers to its Board of Directors. Mr. Weyers, who served as Chief Executive Officer of Integrys Energy Group, Inc. (previously WPS Resources Corp.) from 1998 until 2008, recently retired as Chairman of the Board.