The Babcock & Wilcox Company Board of Directors Approves Spin-Off of Power Generation Business

The Babcock & Wilcox board of directors approved the spin-off of the power generation business creating a new public company. The power generation business will be named Babcock & Wilcox Enterprises, and operate as Babcock & Wilcox. It will be headquartered in Charlotte, N.C. The remaining company will change its name to BWX Technologies on the date of the spin-off and will be headquartered in Lynchburg, Va. 

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