Babcock & Wilcox Thermal Awarded Air Heater Replacement Contract for U.S. Power Plant
Babcock & Wilcox (BW) has secured a contract worth approximately $5 million to supply and install replacement secondary air heater components for a U.S. power plant. The work will be executed by BW's subsidiary, Babcock & Wilcox Construction Co. (BWCC). Additionally, the company will resume previously delayed outage maintenance work at the same facility, valued at around $8 million, which was awarded in 2019. Both projects are anticipated to be completed in the fourth quarter of 2020, indicating B&W Thermal's capabilities and commitment to customer service.
- Contract worth approximately $5 million awarded for replacement air heater components.
- Resumption of $8 million outage maintenance work, delayed since Spring 2020.
- Projects expected to enhance customer relations and support services.
- None.
AKRON, Ohio--(BUSINESS WIRE)--Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Thermal segment will supply and install replacement secondary air heater components for a U.S. power plant.
The contract was awarded to B&W’s subsidiary, Babcock & Wilcox Construction Co., LLC (BWCC), and is valued at approximately
“B&W Thermal has the technologies and capabilities to provide a complete suite of replacement parts, equipment and field services to the global power fleet,” said B&W Chief Operating Officer Jimmy Morgan. “We’re pleased to build on our strong relationship with our customer and appreciate the confidence they place in the work we perform.”
“We’re also encouraged that this project that was temporarily paused earlier this year has restarted, allowing us to continue to provide critical services to this customer,” Morgan added.
B&W Thermal’s regional construction service centers, which allow the company to quickly and efficiently serve customers anywhere in North America, will provide support for these projects. Both projects are expected to be completed in the fourth quarter of 2020.
About Babcock & Wilcox
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.
About B&W Thermal
Babcock & Wilcox Thermal designs, manufactures and erects steam generation equipment, aftermarket parts, construction, maintenance and field services for plants in the power generation, oil & gas, and industrial sectors. B&W has an extensive global base of installed equipment for utilities and general industrial applications including refining, petrochemical, food processing, metals and more.
Forward-Looking Statements
B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the execution and completion of a contract to supply and install replacement secondary air heater components for a U.S. power plant. 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.
