Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

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

RELATED NEWS
Trade BWC now with 
4/23/2012 8:12 AM ET

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
After reporting a bigger than expected increase in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Thursday that once again showed stronger than expected durable goods orders growth in the month of March. The report said durable goods orders surged up by 2.6 percent in March after jumping by a revised 2.1 percent in February. First-time claims for U.S. unemployment benefits rose by more than expected in the week ended April 19th, according to a report released by the Labor Department on Thursday, with initial jobless claims climbing further off their recent lows. The report said initial jobless claims rose to 329,000, an increase of 24,000 from the previous week's revised figure of 305,000. After giving back some ground in the previous session, stocks are likely to move back to the upside in early trading on Thursday. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 40 points.
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.