B&W Pockets $5M Contract To Supply Cooling System In Middle East

Babcock & Wilcox Enterprises Inc BW has secured a contract for ~$5 million to supply a SPIG S.p.A. cooling system for a petrochemical facility in the Middle East.
The cooling tower will provide cooling for propane dehydrogenation and polypropylene production equipment while reducing environmental impact by conserving water and reducing liquid discharge.
"We are seeing tremendous opportunity to grow B&W's business in the Middle East," said Jimmy Morgan, B&W COO.
Price Action: BW shares are trading higher by 0.69% at $7.26 on the last check Wednesday.