B&W Announces Completion of Acquisition of Industrial Products and Services Firm MEGTEC
The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary, Babcock & Wilcox Power Generation Group, Inc. (B&W PGG), has completed the acquisition of MEGTEC, a De Pere, Wis.-headquartered industrial processes solutions provider, based on an enterprise value of $155 million, subject to adjustments.
B&W Awarded Steam Generator Services Contract for Dominion Fleet
The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary, Babcock & Wilcox Nuclear Energy, Inc. (B&W NE), was awarded a multi-year fleet services contract from Dominion Generation to provide comprehensive steam generator inspection, repair and cleaning services for the company’s three operating nuclear stations – North Anna in Mineral, Va; Surry in Surry, Va; and Millstone in Waterford, Conn.
B&W's New Innovative Nuclear Inspection Robot Earns Industry Qualifications
Babcock & Wilcox Nuclear Energy, Inc.(B&W Nuclear Energy), a subsidiary of The Babcock & Wilcox Company (B&W) (NYSE:BWC), has earned the qualifications necessary to use its ARCHER™ robot, designed by INETEC, to perform inspections on nuclear reactor vessel closure heads.
B&W To Acquire International Industrial Products and Services Firm MEGTEC
The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary, Babcock & Wilcox Power Generation Group, Inc. (B&W PGG), has signed a definitive agreement to acquire industrial processes solutions provider MEGTEC based on an enterprise value of $155 million, subject to adjustment for MEGTEC’s cash and indebtedness and certain other closing items.
B&W, The Ohio State University Awarded U.S. DOE Funding For Continued Development of Carbon Dioxide Capture Technology
The Babcock & Wilcox Company (B&W) (NYSE:BWC) is pleased to announce that the U.S. Department of Energy has selected its subsidiary, Babcock & Wilcox Power Generation Group, Inc. (B&W PGG), to receive a $2.5 million award for Phase 2 development of iron-based Coal Direct Chemical Looping (CDCL) technology.
B&W Names Elias Gedeon Senior Vice President and Chief Business Development Officer
The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that Elias Gedeon has joined The Babcock & Wilcox Company (B&W) as Senior Vice President and Chief Business Development Officer.
B&W Announces $195 Million in Naval Reactors Contracts and Orders
The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary B&W Nuclear Operations Group, Inc. (B&W NOG) has received contracts and orders from the U.S. Naval Reactors Program worth approximately $195 million
DOE Contractor LATA Kentucky Exceeds 2.5 Million Safe Work Hours
U.S. Department of Energy prime contractor LATA Environmental Services of Kentucky credits the diligence of its workers for safely completing 3½ years of facility demolition and environmental cleanup at the Paducah Gaseous Diffusion Plant.
B&W Announces Restructuring of Small Modular Reactor Program
The Babcock & Wilcox Company (B&W) (NYSE:BWC) is announcing plans to restructure its mPower Small Modular Reactor program to focus on technology development.
DOE Extends Management and Operating Contract at Idaho National Laboratory
The Babcock & Wilcox Company (B&W) (NYSE:BWC) is pleased to announce that the U.S. Department of Energy (DOE) has exercised an option in Battelle Energy Alliance’s (BEA) prime contract, of which B&W is a major participant, to operate the Idaho National Laboratory (INL) for an additional five years.