Babcock Gets Second Shot at $22.8 Billion Nuclear Deal
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Babcock & Wilcox Co. may get a chance to recover its biggest U.S. government contract after a federal agency said Bechtel Group Inc.’s new 10-year, $22.8 billion agreement was improperly awarded.
The U.S. Government Accountability Office, which arbitrates contract disputes, today sustained protests filed by Charlotte, North Carolina-based Babcock and a group that includes Jacobs Engineering Group Inc. and Fluor Inc. The GAO recommended reopening the competition.