with babcock international . this article needs to be updated . please update this article to reflect recent events or newly available information . july 2015 babcock & wilcox enterprises type public traded as nyse bw industry power generation government services founded 1867 ; 149 years ago 1867 founders stephen wilcox george herman babcock headquarters charlotte north carolina united states area served worldwide key people john a. fees chairman james e. ferland president & ceo mary pat salomone coo christofer m. mowry president b & w ne peyton s. sandy baker president b & w nog randy data president b & w pgg george dudich president b & w tsg products fossil and nuclear power plants research and development government operations revenue us 1.6 billion 2015 operating income us 21.9 million 2015 net income us 19.3 million 2015 total assets us 1.7 billion 2015 total equity us 748.4 million 2015 number of employees 12 700 2011 website www.babcock.com footnotes references 1 babcock & wilcox enterprises nyse bw is an american power generation company headquartered in charlotte north carolina . contents 1 background 2 power generation group 3 other related companies 4 history 5 see also 6 references 7 external links background edit the company was founded in 1867 by stephen wilcox and george babcock as babcock wilcox & company to manufacture and market wilcox s patented water tube boiler . b & w s list of innovations and firsts include the world s first installed utility boiler 1881 ; manufacture of boilers to power new york city s first subway 1902 ; first pulverized coal power plant 1918 ; design and manufacture of components for uss nautilus the world s first nuclear powered submarine 1953 55 ; the first supercritical pressure coal fired boiler 1957 ; design and supply of reactors for the first u.s. built nuclear powered surface ship ns savannah 1961 . 2 the company previously known as the babcock & wilcox company provided design engineering manufacturing construction and facilities management services to nuclear renewable fossil power industrial and government customers worldwide . b & w s boilers supply more than 300 000 megawatts of installed capacity in over 90 countries around the world . a reactor from b & w was destroyed by a nuclear meltdown in the three mile island accident . during world war ii over half of the us navy fleet was powered by babcock & wilcox boilers . the company has its headquarters in charlotte north carolina . it has major operations in lynchburg virginia ; barberton ohio ; euclid ohio ; lancaster ohio ; west point mississippi ; mount vernon indiana ; oak ridge tennessee ; erwin tennessee ; amarillo texas ; cambridge ontario ; the danish city of esbjerg ; and the german city of straubing . b & w also has joint major joint venture companies in beijing and the indian city of pune . 3 on june 30 2015 babcock & wilcox completed a spinoff from bwx technologies its former parent which is now headquartered in lynchburg virginia . the two companies began trading separately on july 1 . 4 b & w employs approximately 12 700 people in addition to approximately 10 400 joint venture employees . 3 power generation group edit the babcock & wilcox nuclear steam generator is seen at the company s plant at barberton ohio prior to shipment via the penn central railroad to a duke energy site in oconee s.c. this generator can convert more than 10 million pounds of water per hour into steam . b & w power generation group inc. b & w pgg is based in barberton ohio and provides engineering design construction and manufacturing services to the fossil and renewable power generation sectors and to heavy industry worldwide . b & w pgg and its subsidiaries have facilities in ohio ; indiana ; mississippi ; beijing china ; esbjerg denmark ; and technology licensees around the world . 5 other related companies edit b & w technical services clinch river llc lawrence livermore national security llc lawrence livermore national laboratory los alamos national security llc b & w technical services pantex llc pantex b & w technical services y 12 llc y 12 bechtel bwxt idaho advanced mixed waste treatment project battelle energy alliance idaho national laboratory ut battelle llc dm petroleum operations company strategic petroleum reserve nuclear fuel services inc. generation mpower llc diamond power international inc. b & w canada ltd. intech international inc. history edit the old b & w company logo showing the world as an aeolipile . babcock & wilcox co. works bayonne new jersey circa 1919 1913 babcock & wilcox boiler section in 1867 providence rhode island residents stephen wilcox and his partner george herman babcock patented the babcock & wilcox non explosive boiler which used water filled tubes and de nucleate boiling to generate steam more safely than either under fire or fire tube boilers . the boilers more safely generated higher pressure steam and was more efficient as an energy to steam converter than existing designs . 6 in 1891 babcock & wilcox ltd is established as a separate united kingdom company to be responsible for all sales outside the us and cuba . 7 in 1898 robert jurenka and alois seidl signed an agreement with the british babcock & wilcox ltd to make the berlin germany babcock sales office into a subsidiary of the british company ; a factory in oberhausen in the ruhr district made the boiler designed by the american engineers . 8 in 1902 the new york city s first subway is powered by b & w boilers . 9 during 1907 and 1909 theodore roosevelt s great white fleet were powered by b & w boilers . in 1929 b & w installs the world s first commercial size recovery boiler using the magnesium bisulfite process in quebec canada . 10 between 1941 and 1945 b & w designed and delivered 4 100 marine boilers for combat and merchant ships including 95 percent of the us fleet in tokyo bay at japanese surrender . in 1942 the company developed the cyclone furnace . between 1943 and 1945 b & w provided components materials and process development for manhattan project . 6 between 1949 and 1952 b & w provided the 8 boilers for the ss united states the fastest ocean liner ever constructed . between 1953 and 1955 b & w designed and fabricated components for uss nautilus ssn 571 world s first nuclear powered submarine . in 1961 b & w designed and supplied reactors for world s first commercial nuclear ship ns savannah . in 1962 b & w designed and furnished reactor systems for b & w s first commercial reactor indian point using heu 233 . in 1975 b & w designed and built components for liquid metal fast breeder reactors . in 1975 the long term business agreements with the british babcock & wilcox ltd were ended . subsequently the british company was renamed babcock international group plc. in 1978 b & w designed and built the nuclear reactor that was involved in the three mile island accident . in 1999 b & w was awarded the contract to develop fuel cells and steam reforming for us navy . on february 22 2000 b & w filed for chapter 11 bankruptcy in part as a result of thousands of claims for personal injury due to prolonged exposure to asbestos and asbestos fibers . claims included asbestosis lung cancer pleural and peritoneal mesothelioma . as a condition of emerging from bankruptcy b & w created a trust fund to compensate victims but for amounts far less than settlements paid in individual personal injury lawsuits . 11 after b & w emerged from bankruptcy in 2006 b & w and bwx technologies both subsidiaries of the mcdermott international inc. merged on 26 november 2007 to form the babcock & wilcox companies headed by president john fees . the old company logo was changed . on june 10 2009 b & w unveiled b & w modular nuclear energy llc b & w mne . 12 on the same day b & w mne announced its plans to design and develop the b & w mpower reactor a modular scalable nuclear reactor . the b & w mpower reactor design is a 125 megawatt passively safe advanced light water reactor alwr a generation iii reactor with a below ground containment structure . 13 the reactor is set to be manufactured in a factory shipped by rail then buried underground . 14 15 on may 12 2010 b & w announced that it and its subsidiaries would be spun off from its parent company mcdermott international inc. 16 the headquarters moved from lynchburg virginia to charlotte . 17 and the company became the babcock & wilcox company . on august 2 2010 b & w began trading on the new york stock exchange as bwc . 18 on july 1 2015 babcock & wilcox and bwx technologies its former parent headquartered in lynchburg virginia began trading separately . 4 see also edit three mile island accident westinghouse electric 1886 ge nuclear energy references edit babcock & wilcox enterprises inc. 25 february 2016 . form 10 k 2015 . sec edgar . retrieved june 10 2016 . steam its generation and use 41st edition a b http pdf.secdatabase.com 917 000119312 5 12 089188 . pdf a b downey john july 1 2015 . babcock & wilcox completes spinoff ; two independent companies begin public trading . charlotte business journal . retrieved july 2 2015 . power generation for the future archived september 23 2010 at the wayback machine . a b about b & w history . archived from the original on 1 april 2009 . retrieved 2009 04 01 . records of babcock international group plc. glasgow university archive services deutsche babcock ag company history . fundinguniverse.com . retrieved 2010 05 25 . records of babcock international group plc boiler makers and engineers england . retrieved 2009 04 28 . dead link b & w power generation group company history . archived from the original on 2008 02 06 . retrieved 2009 04 01 . http www.thefreelibrary.com babcock & wilcox bankruptcy reorganization bar date notice and claims ... a067463016 babcock & wilcox bankruptcy reorganization bar date notice and claims process begins ; includes apollo and parks township pennsylvania nuclear contamination and radiation claims babcock & wilcox plans modular reactor archived june 15 2011 at the wayback machine . b & w unveils modular nuclear power design disavino scott jun 10 2009 . mcdermott b & w unit unveils small nuclear reactor . reuters . retrieved jun 10 2009 . katherine ling and greenwire june 10 2009 . company calls new small nuclear reactor a game changer . new york times . retrieved june 10 2009 . gentry b. http www2.newsadvance.com lna business local article fees bw spinoff aiming for june 30 completion 26899 the news & advance may 12 2010 peralta katherine june 9 2015 . babcock & wilcox approves spinoff sets split date for july 1 . the charlotte observer . retrieved july 3 2015 . the babcock & wilcox company begins trading today on the new york stock exchange . business wire . aug 2 2010 . retrieved aug 4 2010 . external links edit wikimedia commons has media related to babcock & wilcox ltd. official website steam its generation and use by babcock & wilcox company project gutenberg literary archive foundation retrieved from https en.wikipedia.org w index.php title babcock % 26 wilcox & oldid 728946400 categories 1867 establishments in the united statescompanies based in charlotte north carolinacompanies established in 1867companies listed on the new york stock exchangeengineering companies of the united statesmarine engine manufacturersnuclear technology companies of the united statespower engineeringsummit county ohiohidden categories articles with wayback machine linksall articles with dead external linksarticles with dead external links from may 2015wikipedia