Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

B&W Reveals $1.3 Bln Waste Isolation Pilot Plant Management Contract Win

RELATED NEWS
Trade BWC now with 

Babcock & Wilcox Co. or B&W (BWC: Quote) announced that Nuclear Waste Partnership LLC was granted a contract by the U.S. Department of Energy for management and operations at the Waste Isolation Pilot Plant or WIPP in Carlsbad, New Mexico. The contract has an estimated value of $1.3 billion over a 10-year period, including an initial five-year period in addition to a potential five-year extension.

Babcock & Wilcox Technical Services Group, Inc. or B&W TSG is a team member of Nuclear Waste Partnership, which is led by URS.

B&W said that WIPP's overall mission is to protect human health and the environment by safe management, retrieval, characterization and disposal of defense-related wastes. The contract may begin October 1, 2012, following a transition period.

Click here to receive FREE breaking news email alerts for The Babcock & Wilcox Company and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Apple Inc. said Monday that its fourth quarter profit rose 13% from last year, driven by strong sales of its iPhones and Mac computers. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly sales. At the same time, the company gave an upbeat revenue forecast for the current quarter, which includes the all important holiday season. Stocks moved notably higher over the course of the trading day on Monday, extending the strong upward move seen last Friday. The gains on the day continued the recent recovery by the markets, with the Nasdaq and the S&P 500 closing higher for the third consecutive session. While Republicans have largely tried to frame the upcoming midterm elections as a referendum on President Barack Obama, Sen. Ted Cruz, R-Tex., has joined the few offering guidance on what the GOP will do if it manages to retake control of the Senate.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.