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|B&W Awarded $115 Million Navy Fuel Contract|
CHARLOTTE, N.C., Nov 03, 2011 (BUSINESS WIRE) -- The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary Nuclear Fuel Services, Inc. (NFS) has been awarded a $114.7 million contract for the manufacture and delivery of fuel and support activities for the U.S. Naval Nuclear Propulsion Program.
"Support of our nation's naval fuel program is an important part of B&W's diverse business portfolio," said Joseph G. Henry, President of NFS. "Manufacture of naval nuclear fuel is a process developed by and unique to NFS. We are pleased with the continuation of our agreement with the U.S. Naval Nuclear Propulsion Program and our ability to contribute to the security of our nation."
NFS manufactures nuclear fuel for the U.S. Navy's fleet of nuclear-powered aircraft carriers and submarines. NFS also processes highly enriched uranium in a Category 1 secured facility, which is licensed by the U.S. Nuclear Regulatory Commission.
SOURCE: The Babcock & Wilcox Company
The Babcock & Wilcox Company