CB&I Announces Contract Orders for Nuclear Power Plant Modifications and Upgrades
CB&I (NYSE:CBI) announced it has been awarded contract orders by Entergy Operations, Inc. valued in excess of $100 million for project and construction management services related to the implementation of Nuclear Regulatory Commission (NRC) ordered modifications and upgrades at multiple nuclear energy facilities throughout the U.S.
"These contract orders underscore CB&I's expertise and capabilities in both nuclear maintenance and construction as well as our commitment to the nuclear power business," said Patrick K. Mullen, President of CB&I's Engineering, Construction and Maintenance operating group.
Since the Fukushima Daiichi nuclear incident in 2011, the NRC has required U.S. nuclear plants to evaluate and upgrade equipment and safety plans to reduce the likelihood of damage from overheating and containment failure in the event of a complete loss of power.
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.
Important Information For Investors And Shareholders
Cautionary Statement Regarding Forward-Looking Statements
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.
For more information:
2103 Research Forest Drive
The Woodlans, Texas
United States, 77380
Christi Thoms, Investor Contact
Tel: +1 832 513 1200