Benzinga | Dec 17, 2020 04:32PM EST

Babcock & Wilcox's B&W Thermal Segment Books $10M in Service Contracts

Babcock & Wilcox (B&W) (NYSE:BW) announced today that its B&W Thermal segment has booked new service projects valued at more than $10 million. These contracts, for utility and industrial facilities, are in addition to more than $30 million in construction services bookings recently announced by B&W.

"B&W Thermal's service capabilities are a cornerstone of our growing business," said Jimmy Morgan, B&W Chief Operating Officer. "Customers turn to B&W Thermal to ensure their energy and industrial plants continue to operate efficiently and reliably, or when they need service or upgrade work to improve performance."

"B&W Thermal is known for providing reliable service and exceptional engineering expertise," Morgan said. "The service agreements we're announcing today represent a broad spectrum of the markets we serve, including utilities, natural gas, petrochemical facilities, iron and steel manufacturing and more."

B&W Thermal responds to and solves customers' toughest boiler and environmental equipment challenges. Its highly skilled field service engineers, service specialists, and resident service engineers are strategically located in offices worldwide to provide technical assistance whenever the need arises.