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Babcock & Wilcox Extend Contracts For Operating Nuclear Weapons Plants

By Cal Biesecker

Wednesday, December 14th, 2011

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Babcock & Wilcox Co. (B&W) [BWC] yesterday said subsidiary Babcock & Wilcox Technical Services Group Inc. (B&W TSG) received contract extensions for the management and operations of the Pantex Plant and the Y-12 National Security Complex from the National Nuclear Security Administration (NNSA). The contracts at these facilities were extended through Sept. 30, 2012, and also contain two, three-month extension options. In fiscal year 2011, combined funding at both facilities exceeded $1.4 billion. "B&W is pleased to continue its leadership…

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