Babcock & Wilcox affiliate gets $2 billion contract for manufacture of nuclear components
- January 13, 2011
The bulk of the work will be done in Lynchburg
Babcock & Wilcox Nuclear Operations Group Inc. , which has its headquarters in Lynchburg, has been awarded a federal contract of $2 billion, including options, for the manufacture of nuclear components. The components support U. S. defense program and include power systems for submarines and aircraft carriers.
The base portion of the contract, $807 million, will be funded in January and March, while the options are expected to be funded in the government fiscal years of 2012 and 2013. “We are pleased with this new agreement and our ongoing support of U.S. defense programs,” Winfred D. Nash, president of B&W NOG, said in a statement.
The company, an affiliate of The Babcock & Wilcox Co. in Charlotte, said Thursday that the work will be done over a 10-year period, starting this month.
B&W NOG employs more than 3,800 people with operations in Virginia, Ohio and Indiana. Carla Parks Wooley, a spokesperson for the nuclear group, said the bulk of the work will be performed in Lynchburg where Babcock Wilcox has its largest facility.