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Stock Market & Financial Investment News

News Breaks
June 19, 2014
08:31 EDTBWCBabcock & Wilcox unit awarded multi-year fleet services contract
Babcock & Wilcox announced that its subsidiary, Babcock & Wilcox Nuclear Energy, was awarded a multi-year fleet services contract from Dominion Generation to provide comprehensive steam generator inspection, repair and cleaning services for the company’s three operating nuclear stations in North Anna in Mineral, Virginia, Surry in Surry, Virginia, and Millstone in Waterford, Connecticut. The steam generator services contract will begin this fall.
News For BWC From The Last 14 Days
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June 29, 2015
10:09 EDTBWCOn The Fly: Analyst Initiation Summary
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08:03 EDTBWCBabcock & Wilcox initiated with an Overweight at KeyBanc
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07:22 EDTBWCBWX 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.

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