Babcock & Wilcox Supplies Nuclear Fuel to US Navy
On March 16, 2015, the power generation and government service company Babcock & Wilcox announced that their Nuclear Fuel Services, Inc. subsidiary will supply their products and services to the United States Department of Energy. Valued at USD$169 million, this contract was granted by the U.S Department of Energy, Naval Reactors Laboratory Field Office and is an extension of the original $302 million contract that Babcock & Wilcox announced in 2014.The contract calls for Babcock & Wilcox to manufacture and deliver fuel and support activities for the U.S Naval Nuclear Propulsion Program. The Naval Nuclear Propulsion Program provides militarily effective nuclear propulsion plants and guarantees their safe, dependable, and prolonged operation. In addition, the company will also provide their products and services for future Naval Reactors programs. Work will start at Nuclear Fuel Services, Inc. in Erwin, Tennessee in January 2015 and is expected to be completed in February 2016.Babcock & Wilcox is a United States-based company that designs, engineers, manufactures, constructs, and provides facilities management services.
The company’s customers include nuclear, renewable, fossil power, industrial, and government entities worldwide. With over 12,000 employees, Babcock & Wilcox has met yearly revenues of over $3.3 billion through their five business units.Included in one of their business units is their Nuclear Fuel Services, Inc. division. Since 1964, Nuclear Fuel Services, Inc. has been the sole producer of nuclear fuel for the United States Navy’s fleet of nuclear-powered aircraft carriers and submarines. Their work also includes reprocessing weapons grade uranium into nuclear reactor fuel, in which they have become America’s leading producer.
Since the start of 2015 Babcock and Wilcox’s Nuclear Operations subsidiary has been awarded over $500 million in defense contracts including a contract from the US Navy to manufacture naval nuclear reactor components. Via our proprietary website Just NSN Parts, ASAP Semiconductor is a leading supplier of Babcock & Wilcox products
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Posted on March 23, 2015
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