B&W subsidiary to provide fuel and support activities for US NNP

Babcock & Wilcox subsidiary Nuclear Fuel Services (NFS) has been contracted to provide fuel and support activities for the US Naval Nuclear Propulsion Programme (NNPP).

Under the contract, NFS will continue to manufacture nuclear fuel for the navy's nuclear-powered aircraft carriers and submarine fleet.

The nuclear fuel is processed from uranium in a US Nuclear Regulatory Commission licensed Category 1 secured facility.

The contract has a potential value of $114.7m.