News

The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary Nuclear Fuel Services, Inc. (NFS) has been awarded two new contracts for fuel and materials services totaling up to approximately $302 million from the U.S. Department of Energy, Naval Reactors Laboratory Field Office.

The Babcock & Wilcox Company (B&W) (NYSE: BWC) has learned of the Government Accountability Office (GAO) decision to dismiss the protest filed by Nuclear Production Partners, LLC (NP2). This protest was filed in response to the National Nuclear Security Administration (NNSA) decision to reaffirm its original award of the combined management and operating contract award for the Y-12 National Security Complex (Y-12) and Pantex Plant (Pantex).

Babcock & Wilcox Announces Fourth Quarter 2013 Results and Increases Share Repurchase Authorization to $750 Million - GAAP Earnings per Share of $1.48, Adjusted EPS of $0.52 - Revenues of $802.8 Million - 2014 Adjusted EPS Guidance of $2.00 - $2.20

The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary, B&W Nuclear Operations Group, Inc. (B&W NOG), has received a contract from the U.S. Naval Reactors Program worth up to $1.3 billion in funding over the next three years if fully executed.

The Babcock & Wilcox Company (B&W) (NYSE:BWC) and TerraPower® have signed a Memorandum of Understanding (MOU) to support the development of TerraPower’s Generation IV traveling wave reactor (TWR), a safe, economic and sustainable nuclear energy system that utilizes advanced materials for more durable metallic fuels and supercomputing for advanced comprehensive modeling.

The Board of Directors of The Babcock & Wilcox Company (B&W) (NYSE:BWC) has declared a quarterly dividend of $0.10 per share on the outstanding common shares of the company, payable on March 17, 2014 to shareholders of record at the close of business on February 28, 2014.