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B&W Responds to GAO Recommendation on Procurement Protest

  B&W Responds to GAO Recommendation on Procurement Protest

Business Wire

CHARLOTTE, N.C. -- April 29, 2013

The Babcock & Wilcox Company (B&W) (NYSE: BWC) is pleased that the Government
Accountability Office (GAO) has sustained the protest filed by Nuclear
Production Partners, LLC (NP^2) in regard to the procurement decision for the
combined management and operating contract at the Y-12 National Security
Complex (Y-12) and Pantex Plant (Pantex). NP^2, comprised of B&W, URS,
Northrop Grumman and Honeywell, believes its proposal was a very strong choice
for moving closer to the National Nuclear Security Administration’s (NNSA)
vision of a consolidated Nuclear Security Enterprise and for continuing the
tradition of excellence B&W has maintained at both Y-12 and Pantex over the
past 12 years.

“B&W and our Nuclear Production Partners team believe the GAO's decision
supports our concerns about the initial award of this contract,” said E. James
Ferland, President and Chief Executive Officer of B&W. “While we await a final
decision on the path forward from NNSA, B&W remains focused on operating both
sites safely and securely.”

As the lead M&O contractor at Y-12 and Pantex, B&W has made significant
improvements in the operations and infrastructures at both locations since
2001, including meeting or exceeding production goals and modernizing the

  * At Y-12, more than 1.3 million square feet of aging facilities were
    demolished and construction of the Highly Enriched Uranium Materials
    Facility completed.
  * At Pantex, more than 1 million square feet of roofing was replaced and
    five new facilities constructed to replace 71,000 square feet of aging
  * In 2011, the B53 dismantlement program at Pantex was completed 12 months
    ahead of schedule while employees also achieved the best safety
    performance in the plant’s history.
  * Both sites have earned Voluntary Protection Program status, a significant
    health and safety validation.

About B&W
Headquartered in Charlotte, N.C., The Babcock & Wilcox Company is a leader in
clean energy technology and services, primarily for the nuclear, fossil and
renewable power markets, as well as a premier advanced technology and mission
critical defense contractor. B&W has locations worldwide and employs
approximately 14,000 people, in addition to approximately 10,400 joint venture
employees. Learn more at


The Babcock & Wilcox Company
Media Contact:
Aimee E. Mills, 980-365-4583
Communications Manager
Investor Contact:
Jenny L. Apker, 704-625-4937
Vice President, Treasurer and Investor Relations
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