B&W awards $535 million for naval nuclear reactor programs

Babcock & Wilcox Nuclear Operations Group, Inc. (B&W NOG) recently was awarded approximately $535.1 million in government contracts for the manufacturing of naval nuclear reactor components for U.S. Navy submarines and aircraft carriers.
Work under the contracts, which began in January, will be conducted at B&W NOG's facilities over the next several years.
Approximately $424.6 million was issued as options under previously announced contract awards in 2010 and 2013. Approximately $110.5 million was issued under new contracts awarded in late 2014.
Included within these contracts is the manufacture and assemblage of nuclear components for Virginia Class submarines and Ford Class aircraft carrier, and the division of work between deconstruction and recovery of highly enriched uranium materials.
Since the 1950s, B&W has manufactured naval nuclear components and reactors after designing fabricated components for the USS Nautilus, the world’s first nuclear powered submarine.
"We are quite excited to continue our decades-long relationship with the U.S. Naval Reactors Program, and these new awards will add significantly to our solid backlog," Peyton S. Baker, president and chief operations officer for B&W’s Government & Nuclear Operations Group. "Our employees remain dedicated to providing only the highest quality products and services that are critical to supporting the defense of our nation."

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Babcock & Wilcox 13024 Ballantyne Corporate Pl Suite 700 Charlotte, NC 28277

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