B&W Thermal Bags Over $18M In Equipment Installation Contracts

Babcock & Wilcox Enterprises Inc BW segment B&W Thermal has secured contracts worth more than $18 million.
The contracts are for installing equipment to improve the operating efficiency, performance and increase availability for two power plants for a large U.S. utility.
B&W's subsidiary, Babcock & Wilcox Construction Co., LLC (BWCC), will install water wall panels, reheater tubes, and other technologies.
BWCC provides outage services, installation, refurbishment, mechanical repair, and maintenance services for various industries, equipment, and plant installations.
Price Action: BW shares closed lower by 2.89% at $8.40 on Monday.