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 forthe
combined managementand operating contract at the Y-12 National Security
Complex(Y-12)andPantexPlant(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 Enterpriseandfor continuing the
tradition of excellence B&W has maintained at both Y-12 andPantexover 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 forwardfrom NNSA, B&W remains focused on operatingboth
sites safely and securely.”

As the lead M&O contractor at Y-12 andPantex, 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
infrastructure.

  *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.
  *AtPantex, more than 1 million square feet of roofing was replaced and
    five new facilities constructed to replace 71,000 square feet of aging
    infrastructure.
  *In 2011, the B53 dismantlement program atPantexwas 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 www.babcock.com.

Contact:

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