News

The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that a consortium that includes its Denmark-based subsidiary, Babcock & Wilcox Vølund A/S (B&W Vølund), has been awarded a $230 million contract to engineer, procure and construct a waste-to-energy (WTE) power plant near Dunbar, Scotland.

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 competitively bid contract to manufacture a number of missile tube assemblies from an initial order for the Ohio Replacement nuclear submarine program.

The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary Babcock & Wilcox Canada Ltd. (B&W Canada) has been awarded a long-term master services agreement that establishes a framework to provide its customer, Bruce Power, with nuclear services and components for its commercial nuclear operations in Tiverton, Ontario.

Consistent with The Babcock & Wilcox Company’s (NYSE: BWC) (“B&W” or the “Company”) strategy and focus on enhancing value for its shareholders, B&W’s Board of Directors has unanimously approved a plan for the tax-free spin-off of the Company’s Power Generation business to B&W’s shareholders.

- Record Third Quarter Revenue for Nuclear Operations Segment - Power Generation Revenue and Operating Margin Improving - Raises Lower End of 2014 Adjusted EPS Range to $1.75 to $1.85 - Separately Announced Planned Spin-off of Power Generation Business

The Babcock & Wilcox Company (B&W) (NYSE:BWC) today announced that its Board of Directors is evaluating the separation of the Company’s Power Generation Business and Government & Nuclear Operations Business into two publicly traded companies. The Board’s goal is to determine whether a separation creates the opportunity for enhanced shareholder value and business focus. B&W has retained JPMorgan as its financial advisor and Wachtell, Lipton, Rosen & Katz and Jones Day as legal advisors to assist in this process.

The Babcock & Wilcox Company (B&W) (NYSE: BWC) today hosted Congressman Patrick Murphy (D-FL-18) for a tour of the Solid Waste Authority of Palm Beach County Renewable Energy Park, including the country’s first new waste-to-energy (WtE) plant to be built since 1995. As a reliable and non-intermittent source of renewable energy with the most modern environmental control equipment, WtE technology is poised to be a much larger part of America’s energy mix, particularly in the context of the EPA’s new rules on carbon emissions from power plants.

The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that Babcock & Wilcox Construction Co., Inc. (BWCC), a subsidiary of Babcock & Wilcox Power Generation Group, Inc. (B&W PGG), has been awarded a contract to erect a dry flue gas desulfurization (FGD) unit at Southwestern Electric Power Co.’s (SWEPCO) Flint Creek Power Plant in Gentry, Ark.

The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that Babcock & Wilcox Vølund A/S (B&W Vølund), a subsidiary of Babcock & Wilcox Power Generation Group, Inc. (B&W PGG), has been awarded a contract for more than $80 million to build a 280 megawatt-thermal (MWth) biomass boiler system for the Skærbækværket power plant near Fredericia, Denmark.

The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that 12 high school students who have a parent working for B&W were selected to receive college scholarships.