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February 27, 2014
08:04 EDTBWCBabcock & Wilcox unit awarded up to $302M in cotnracts fuel & materials services
The Babcock & Wilcox Company announced that its subsidiary Nuclear Fuel Services has been awarded two new contracts for fuel and materials services totaling up to approximately $302M from the U.S. Department of Energy, Naval Reactors Laboratory Field Office. The first contract is a one-year contract with a one-year option, which 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 award is also a one-year contract with a one-year option, which provides for the development of material for future Naval Reactors programs. Work under the contracts will be performed at NFS facilities in Erwin, Tenn. This work began in January 2014 and is scheduled to continue through February 2016.
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