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| McDermott receives U.S. government award McDermott International, Inc. an engineering and construction firm, announced that The Babcock & Wilcox Company ("B&W"), through a subsidiary, has received awards in excess of $1 billion for the manufacture of nuclear components to support U.S. defense programs, including the manufacture of U.S. Naval nuclear power systems for submarines and aircraft carriers. The value of these awards was recorded in McDermott's Government Operations segment backlog during the fourth quarter 2008. This work is part of a previously negotiated and announced set of contracts that, if fully executed, will be worth more than $2.66 billion in revenue over a 10 year span. As a result of this increased workload, B&W expects to hire approximately 250 new salaried and hourly employees throughout three of its locations. write your comments about the article :: © 2009 Construction News :: home page |