Babcock & Wilcox awarded contract for U.K. waste-to-energy plant Babcock & Wilcox's Denmark-based subsidiary, Babcock & Wilcox VÝlund A/S, and consortium partner Interserve Plc. were awarded a contract worth approximately $100M to design and build a waste-to-energy power plant for waste management firm Viridor in Peterborough, U.K. B&W VÝlund will engineer and deliver the plantís electromechanical supplies and other equipment. Interserve will provide construction and project management services.
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.