Nuclear

Babcock & Wilcox unit awarded nuclear fuel services contract

The Babcock & Wilcox Co. (B&W, NYSE:BWC) said that its subsidiary, Nuclear Fuel Services Inc. (NFS), has been awarded two new contracts for fuel and materials services from the U.S. Department of Energy, Naval Reactors Laboratory Field Office.

The first contract includes the manufacture and delivery of fuel and support activities for the U.S. Naval Nuclear Propulsion Program. NFS has been the sole manufacturer of nuclear fuel for the U.S. Navy’s fleet of nuclear-powered aircraft carriers and submarines since 1964. The second contract provides for the development of material for future Naval Reactors programs.

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