CB&I Announces Award for Plant Services
CB&I (NYSE:CBI) announced it has been awarded a five-year contract by Exelon Generation Company, LLC valued at $800 million for long-term maintenance, modification and construction services for five additional nuclear power units located in New York and Maryland. The contract is an expansion of CB&I's existing scope of work for 17 other Exelon nuclear power units. Under the terms of the agreement, CB&I will also provide temporary staffing, painting and insulation services at all of the Exelon-owned and operated nuclear power units bringing the total number of units under contract to 22.
"This award underscores CB&I's expertise in nuclear maintenance, modification and construction and our commitment to ensuring the safe and reliable operation of our customer's facilities," said Patrick K. Mullen, President of CB&I's Engineering, Construction and Maintenance operating group.
CB&I (NYSE:CBI) is the most complete energy infrastructure focused company in the world and a major provider of government services. With 125 years of experience and the expertise of approximately 55,000 employees, CB&I provides reliable solutions while maintaining a relentless focus on safety and an uncompromising standard of quality. For more information, visit www.cbi.com.
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This press release contains forward-looking statements regarding CB&I and represents our expectations and beliefs concerning future events. These forward-looking statements are intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties. When considering any statements that are predictive in nature, depend upon or refer to future events or conditions, or use or contain words, terms, phrases or expressions such as "achieve," "forecast," "plan," "propose," "strategy," "envision," "hope," "will," "continue," "potential," "expect," "believe," "anticipate," "project," "estimate," "predict," "intend," "should," "could," "may," "might" or similar forward-looking statements, we refer you to the cautionary statements concerning risk factors and "Forward-Looking Statements" described under "Risk Factors" in Item 1A of our Annual Report filed on Form 10-K filed with the SEC for the year ended December 31, 2013, and any updates to those risk factors or "Forward-Looking Statements" included in our subsequent Quarterly Reports on Form 10-Q filed with the SEC, which cautionary statements are incorporated herein by reference.
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