B&W Receives $510 Million in Defense Contracts

Babcock & Wilcox announced nuclear component contracts worth more than $510 million Tuesday, including $65 million awarded under a new contract for fiscal year 2013.

Nuclear-powered submarine. Source: B&WThe company's Nuclear Operations Group builds propulsion systems for submarines and aircraft carriers. The group begins the work under the new contracts this month at facilities in Lynchburg, Va.; Barberton, Ohio; Euclid, Ohio and Mt. Vernon, Ind. It will take place over eight years, according to a B&W release.

Based in Charlotte, N.C., B&W has provided services for the nuclear Navy since 1964. Of the most recent funding, $445 million will come from options exercised under a $2 billion contract awarded in 2010.

The company's Nuclear Fuel Services subsidiary also provides highly enriched fuel for the military. In November, it announced a separate $100 million set of contracts with the Department of Energy's Naval Reactors Laboratory Field Office and for a program developing material for next-generation Naval reactors.

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  • Anonymous

    It is too bad the Navy is so locked into LWRs.  Surely Liquid Fluoride Thorium Reactors (LFTRs) would allow a wider use of nuclear power for ships without requiring procurement of the entire fuel load right up front.