Lightbridge Corporation (LTBR)

[russshackleford]

B&W to Spin Off Power Generation from Nuclear Business
11/06/2014 | Gail Reitenbach

BWX Technologies (BWXT) is the name that will be given to the Government & Nuclear Operations business, which will consist of the Nuclear Operations, Technical Services, Nuclear Energy, and mPower businesses. That business is a leading supplier of nuclear components and fuel to the U.S. government; provides technical, management and site services to aid governments in the operation of complex facilities and environmental remediation activities; and supplies precision manufactured components and services for the commercial nuclear power industry. It is also active in the Canadian nuclear sector.

Upon completion of the spin-off, expected mid-summer 2015, Ferland will become chairman and CEO of the new Babcock & Wilcox. Fees will become executive chairman of BWX Technologies. Peyton S. (Sandy) Baker, currently president of the company’s Government & Nuclear Operations Group, will become president and CEO of BWX Technologies.

http://www.powermag.com/bw-to-spin-off-power-generation-from-nuclear-business/