Benzinga | Nov 3, 2021 03:04PM EDT

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

* Babcock & Wilcox Enterprises Inc (NYSE: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.