Babcock & Wilcox Awarded $30 Million Boiler Component Contract
July 23 2020 - 6:30AM
Business Wire
Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE: BW)
announced today that its subsidiary, The Babcock & Wilcox
Company, has been awarded a contract for approximately $30 million
to supply replacement boiler components for an energy production
facility.
“We continue to provide best-in-class technology and services
globally to the utility sector to maintain their critical assets in
peak operating condition,” said B&W Chief Executive Officer
Kenneth Young. “At a time when many of our competitors are pulling
back from serving this important market, B&W continues to
provide unmatched service and expertise to customers around the
world.”
B&W supplies a broad range of products and services tailored
to the energy industry. From super and sub-critical boilers,
package boilers to renewable energy solutions and advanced
emissions control technologies, parts, field engineering services
and more, B&W’s expertise and experience are unequaled.
About B&W
Headquartered in Akron, Ohio, Babcock & Wilcox is a global
leader in energy and environmental technologies and services for
the power and industrial markets. Follow us on Twitter
@BabcockWilcox and learn more at www.babcock.com.
Forward-Looking Statements
B&W cautions that this release contains forward-looking
statements, including, without limitation, statements relating to
the execution and completion of The Babcock & Wilcox Company’s
contract to supply replacement boiler components for an energy
production facility. These forward-looking statements are based on
management’s current expectations and involve a number of risks and
uncertainties. For a more complete discussion of these risk
factors, see our filings with the Securities and Exchange
Commission, including our most recent annual report on Form 10-K.
If one or more of these risks or other risks materialize, actual
results may vary materially from those expressed. We caution
readers not to place undue reliance on these forward-looking
statements, which speak only as of the date of this release, and we
undertake no obligation to update or revise any forward-looking
statement, except to the extent required by applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20200723005285/en/
Investors: Megan Wilson Vice President, Corporate
Development & Investor Relations Babcock & Wilcox
704.625.4944 | investors@babcock.com
Media: Ryan Cornell Public Relations Babcock & Wilcox
330.860.1345 | rscornell@babcock.com
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