(CHARLOTTE, N.C. – February 27, 2014) – 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).

“Each of the NP2 protests raised issues that our team believed were valid,” said George Dudich, President, Babcock & Wilcox Technical Services Group, Inc. “While we are disappointed with the GAO decision, we will evaluate the decision and consider our options.  The B&W-led teams currently in place at Y-12 and Pantex remain focused on operating both sites safely and securely.”

About B&W
Headquartered in Charlotte, N.C., The Babcock & Wilcox Company is a leader in clean energy technology and services, primarily for the nuclear, fossil and renewable power markets, as well as a premier advanced technology and mission critical defense contractor. B&W has locations worldwide and employs approximately 12,000 people, in addition to approximately 10,200 joint venture employees. Learn more at www.babcock.com.

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Media Contact:
Aimee Mills
Media Relations Lead 
The Babcock & Wilcox Company
980.365.4583
aemills@babcock.com

Investor Contact:
Jenny L. Apker
Vice President, Treasurer and Investor Relations
The Babcock & Wilcox Company
704.625.4937
investors@babcock.com