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Babcock & Wilcox shares surge 9.21% on $130 million utility contract

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  • Babcock & Wilcox received a limited notice to proceed for a U.S. coal-plant air-quality project.
  • $130 million covers engineering, development and long-lead procurement for emissions-control upgrades.
  • B&W completed redemption of its $61.4 million senior notes on Aug. 17.
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