Babcock & Wilcox Power Generation Group, Inc. (B&W
PGG), an affiliate of engineering firm
The Babcock & Wilcox Company
), has got a contract from Black & Veatch, an engineering and
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Per the agreement, B&W PGG will design and provide FM water
tube package boilers. The components of the boilers are expected
to be produced at West Point, Miss.-based facility of B&W
PGG. The boilers will provide steam in order to generate power
and industrial processes at the Narrows, Va.-based manufacturing
facility of chemical and advanced materials maker,
For power generation, the dual fuel boilers will utilize either
oil or natural gas. Moreover, these boilers will substitute the
coal-fired units that are currently being used in the plant.
B&W PGG added that its FM water tube package boilers are
cost-effective and reliable for industrial and commercial use.
The boilers are expected to be delivered by Apr 2014.
Headquartered in Charlotte, N.C., Babcock & Wilcox is engaged
in providing clean energy technology and services for the
nuclear, fossil and renewable power markets worldwide. The
company - which was spun off as an independent and publicly
traded entity from energy-focused engineering and construction
) in Aug 2010 - operates in four business units: Power
Generation, Nuclear Operations, Technical Services and Nuclear
Babcock & Wilcox currently carries a Zacks Rank #2 (Buy),
implying that it is expected to outperform the broader U.S.
equity market over the next one to three months.
Apart from Babcock & Wilcox, one can look at oil field
machinery and equipment supplier
) that offers value. The stock sports a Zacks Rank #1 (Strong