B&W Announces $600 Million Order Under Naval Nuclear Reactor Components Contract

The Babcock & Wilcox Company (NYSE: BWC) announced today that its subsidiary, Babcock & Wilcox Nuclear Operations Group, Inc., received its second release under the $2 billion contract awarded in 2010. The $600 million order was funded in the fourth quarter of 2011 and is for the manufacture of nuclear components to support U.S. defense programs including the manufacture of naval nuclear power systems for submarines and aircraft carriers. Combined with the annual award for naval nuclear fuel announced during the fourth quarter, B&W NOG reported total fourth-quarter bookings of $777.6 million, and ended 2011 with total backlog of approximately $3.0 billion.