Benzinga | Jan 11, 2022 08:14AM EST

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

* Babcock & Wilcox Enterprises Inc (NYSE: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.