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Babcock & Wilcox Reports Structural Steel Issue at U.K. Project [Reuters]

BABCOCK & WILCOX ENTERPRISES INC (BW)  More Company Research Source: Reuters
Last babcock & wilcox enterprises inc earnings: 3/1 04:42 pm Check Earnings Report
US:NYSE Investor Relations: babcockwinery.com
PDF Babcock & Wilcox Enterprises Inc (BW.N) Key Developments | Reuters.com Sept 27 (Reuters) - Babcock & Wilcox Enterprises Inc ::Expect total cost impact to other two projects to be below $10 to $15 million ?.Cost impact estimates dont take into account possible recoveries from third parties.Provides update on U.K. renewable projects.Identified a structural steel issue at a renewable energy project in United Kingdom?.Expect total cost impact to first project will be in range of $10 to 15 million.Management believes issue is result of engineering error by subcontractor.Has proactively stopped work at two renewable projects in United Kingdom that have similar engineering designs?.Work at a renewable energy project in United Kingdom? has been stopped at project pending further investigation. Reuters, the news and media division of Thomson Reuters , is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business [Read more]

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