Babcock & Wilcox Co. or B&W (BWC) 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.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.