Charlotte-based Babcock & Wilcox said Tuesday that a subsidiary, B&W Nuclear Operations Group, has signed a government contract worth up to $1.3 billion.
The three-year contract is with the U.S. Naval Reactors Program. Its for making nuclear components for defense programs including nuclear power systems for the Navys submarines and aircraft carriers.
Work will begin immediately on a $508 million order, B&W said. Subsequent orders may be placed for fiscal years 2014 through 2016, in addition to the subsidiarys existing contracts.
Work under the contract will be performed at B&W Nuclear Operations Groups sites in Lynchburg, Va., Mount Vernon, Ind. and Barberton and Euclid, Ohio.
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