The Babcock & Wilcox Company BWC was notified today that our team was not
selected to lead the National Nuclear Security Administration's (NNSA)
combined Management and Operating (M&O) contract for the Y-12 National
Security Complex (Y-12) and Pantex Plant.
We are disappointed, as we believe our proposal was a very strong choice for
moving closer to NNSA's vision of a consolidated Nuclear Security Enterprise.
We will carefully evaluate information received during NNSA's debriefing
process and consider the options available to us within the procurement
process. We will continue to manage both facilities at the highest level of
performance through the transition period. Any transition is expected to take
four months once it is initiated.
Over the past 12 years, with the support of NNSA, workers, community and
public leaders, B&W Y-12 and B&W Pantex have made great accomplishments at the
production sites. As the Y-12 M&O contractor, B&W Y-12's history of success
includes increasing dismantlements and the site's production capacity, while
at the same time executing complex projects, including the removal of 1.3
million square feet of aging facilities. B&W Pantex has met or exceeded all
dismantlement and production goals over the last five years while maintaining
an impressive safety record. In 2012, B&W Pantex achieved the lowest
recordable case rate in the Nuclear Security Enterprise. Both Y-12 and Pantex
have earned U.S. Department of Energy (DOE) Voluntary Protection Program (VPP)
Star Status, a significant health and safety validation.
B&W TSG sees numerous opportunities to grow our business in the United States
and abroad. Our company possesses highly skilled individuals with expertise in
nuclear operations, nuclear waste management, security, precision
manufacturing and environmental remediation. Fee earnings for Y-12 and Pantex
were in line with our projected results for 2012.
B&W and our partners provide valuable services to NNSA across the entire
Nuclear Security Enterprise. We are committed to ensuring national security
and providing exceptional service to the DOE and NNSA.
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