Babcock & Wilcox’s Nuclear Operations Group has been awarded a Naval Reactors contract that could be worth up to $1.3 billion over the next three years, the company said yesterday. B&W received an initial $508 million order for nuclear components that are used to manufacture nuclear power systems for Navy submarines and aircraft carriers, and future options in Fiscal Year 2014 through FY 2016 could bring in additional work under the contract, B&W said. “We are very pleased with this contract and the opportunity it affords B&W to continue to support our country, our customer, our employees and our shareholders,” B&W Nuclear Operations Group President Peyton Baker said in a statement. “The reliability of our nuclear products will again be called on to help ensure that our Navy can successfully meet its missions.”
B&W AWARDED NAVAL REACTORS COMPONENTS CONTRACT
Australia lands purchase order from Electric Boat
The Australian government July 29 announced Australia’s Bisalloy Steel received a $2 million purchase order from U.S. submarine shipbuilder General Dynamics Electric Boat, the first time an Australian company received such an order under the tripartite AUKUS agreement. The agreement covers an order for HY80 steel plate to support production and construction of Virginia-class submarines […]