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Security Profile
- Security Type
- Common Stock
- CUSIP
- 05605H100 (prev. 05615F102 )
- Market Cap
- Large Cap
- Previous Symbol
- BWC (changed 7/1/2015)
- Previous Name
- Babcock & Wilcox Company. (The)
Business: BWX Technologies Inc., is a leading supplier of nuclear components and fuel to the U.S. government; provides technical and management services to support the U.S. government in the operation of complex facilities and environmental remediation activities; and supplies precision manufactured components, services and fuel for the commercial nuclear power industry. BWXT has locations throughout North America.
Notes: Jun. 8, 2015-- The Babcock & Wilcox Company (or the Company) (NYSE:BWC) announced today that its Board of Directors has formally approved the spin-off of the Power Generation business creating a new public company. The Power Generation business will be named Babcock & Wilcox Enterprises, Inc. (New B&W), and operate as Babcock & Wilcox. It will be headquartered in Charlotte, N.C. The remaining company will change its name to BWX Technologies, Inc. (BWXT) on the date of the spin-off and will be headquartered in Lynchburg, Va. As a result of the spin-off, Company stockholders can expect to receive as a dividend one share of New B&W common stock for every two shares of the Company’s common stock on June 18, 2015, the record date. The distribution of New B&W shares is expected to occur on June 30, 2015 and is expected to be tax-free. BWX Technologies, Inc. Beginning July 1, 2015, BWXT will trade on the New York Stock Exchange under the ticker symbol BWXT.
Company Contact
- CEO
- Rex D. Geveden
- CFO
- Robb A. LeMasters
Robb A. LeMasters
- Headquarters
- 800 Main Street, 4th Floor, Lynchburg, VA 24504
- Phone
- 980-365-4300
- Investor Relations
- Mark Kratz · 980-365-4300 · investors@bwxt.com