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Areva, Northrop Grumman To Restore U.S. Reactor Production Capacity

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By Jeff Beattie In a major step forward for the rebirth of the North American nuclear power market, Areva and Northrop Grumman [NOC] said yesterday they will build a new $336 million facility in Newport News, Va., to manufacture large components--such as steam generators and reactor vessels--for Areva-designed nuclear plants that the French company hopes to deploy in Canada and the United States. The plant would be the only facility in the United States capable of manufacturing such huge reactor…

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