Babcock & Wilcox Nuclear Operations Group (B&W NOG) – a subsidiary of the Babcock & Wilcox Company (B&W) – has received a $130 million contract for nuclear reactor components to be used on the U.S. Navy's Virginia-class submarines, according to a Wednesday release.
Work will begin immediately at B&W NOG's Lynchburg facility and last for five years, the company said.
"B&W is pleased to receive this new contract award," said Peyton S. Baker, President of B&W NOG. "The work will be executed in our Lynchburg facility and highlights the technologically advanced capabilities B&W utilizes to provide high value-added products in support of U.S. defense programs."
B&W NOG offers a range of nuclear components and services, including the manufacture of nuclear reactor components for U.S. Naval submarines and aircraft carriers, as well as other nuclear and non-nuclear R&D component production.
The organization employs over 2,400 people in the Lynchburg area.