B&W Responds to GAO Recommendation on Procurement Protest

B&W Responds to GAO Recommendation on Procurement Protest

CHARLOTTE, N.C.--(BUSINESS WIRE)-- The Babcock & Wilcox Company (B&W) (NYS: BWC) is pleased that the Government Accountability Office (GAO) has sustained the protest filed by Nuclear Production Partners, LLC (NP2) in regard to the procurement decision for the combined management and operating contract at the Y-12 National Security Complex (Y-12) and Pantex Plant (Pantex). NP2, 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 Enterprise and for continuing the tradition of excellence B&W has maintained at both Y-12 and Pantex over 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 forward from NNSA, B&W remains focused on operating both sites safely and securely."

As the lead M&O contractor at Y-12 and Pantex, 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.

  • At Pantex, 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 at Pantex was 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 atwww.babcock.com.

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

KEYWORDS: United States North America Canada North Carolina Ohio Tennessee Virginia


The article B&W Responds to GAO Recommendation on Procurement Protest originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.