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News Breaks
10:25 EDTMDR
theflyonthewall.com: McDermott: Not expecting same utilization level in upcoming quarters as in Q3
The CEO said "This quarter's strong results came from high utilization, particularly our construction vessels and exceptional productivity. In addition, we benefited from realized and expected cost savings in a number of other project improvements. In the next quarter or two, we are not expecting this same utilization level that we achieved this quarter." This information is from the Q3 earnings conference call. :theflyonthewall.com



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February 1, 2010
08:32 EDTMDR
theflyonthewall.com: J. Ray McDermott joint venture awarded offshore project

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January 27, 2010
08:34 EDTMDR
theflyonthewall.com: B&W receives $450M order for nuclear components
McDermott International announced that The Babcock & Wilcox Company, through a subsidiary, has received an award of approximately $450M for the manufacture of nuclear components to support U.S. defense programs, including the manufacture of U.S. Naval nuclear power systems for submarines and aircraft carriers. The value of this contract was recorded in McDermott’s Government Operations segment backlog during Q4. :theflyonthewall.com