The Babcock & Wilcox Company (B&W) (NYSE: BWC) announced today that its subsidiary Babcock & Wilcox Power Generation Group, Inc. (B&W PGG) has been awarded a contract to design and supply reheaters for three 660 megawatt coal-fired boilers at FirstEnergy’s Harrison Power Station in Haywood, W.Va.

Reheaters are specially designed tube bundles used to increase the temperature of steam in a boiler.

“FirstEnergy is a valued B&W customer and we are pleased to have this opportunity to apply our boiler expertise and unmatched service experience,” said B&W PGG President and Chief Operating Officer Richard L. Killion. “B&W is ready to help our customers improve boiler performance and life extension through equipment upgrades and expert service.”

The preliminary delivery date for the first reheater is scheduled for early 2014.

About B&W Headquartered in Charlotte, N.C., The Babcock & Wilcox Company is a leader in clean energy technology and services, primarily for the nuclear, fossil and renewable power markets, as well as a premier advanced technology and mission critical defense contractor. B&W has locations worldwide and employs approximately 12,700 people, in addition to approximately 10,400 joint venture employees. Learn more at www.babcock.com .

Cautionary Statement Regarding Forward Looking Statements B&W cautions that this release contains forward-looking statements, including statements relating to the delivery schedule for the first reheater. Forward-looking statements involve a number of risks and uncertainties, including, among other things, delays or other difficulties executing on our contracts in backlog. If one or more of these or other risks materialize, actual results may vary materially from those expected. For a more complete discussion of these and other risks, please see B&W’s filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2011. B&W cautions not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and undertakes no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.

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