Babcock & Wilcox announces $510M in contracts supporting U.S. defense programs The Babcock & Wilcox Company announced that its subsidiary, Babcock & Wilcox Nuclear Operations Group, was awarded contracts totaling more than $510M for the manufacture of nuclear components to support U.S. defense programs including the manufacture of naval nuclear power systems for submarines and aircraft carriers. The entire amount was appropriated in the fourth quarter of 2012. Of this work, more than $445M was issued as options under the $2B contract awarded to B&W NOG in 2010 and more than $65M is issued under a new agreement awarded for fiscal year 2013.
BWX Technologies would be M&A fit for Huntington Ingalls, says Deutsche Bank Deutsche Bank noted that the planned spin-off of BWX Technologies (BWXT) from Babcock & Wilcox (BWC) is scheduled to be completed this week on July 1, stating that it believes the spun off company is likely to attract the attention of strategic players such as Huntington Ingalls (HII) and General Dynamics (GD). The firm thinks the potential M&A fit looks "most striking" for Huntington and estimates that a deal multiple could reach 10-11X the about $300M in EBITDA at BWX Technologies, which would likely be "worth the stretch" for the shipbuilder.