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 email@example.com or Investor Contact: Jenny L. Apker, 704-625-4937 Vice President, Treasurer and Investor Relations firstname.lastname@example.org
B&W Responds to GAO Recommendation on Procurement Protest
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