McDermott Completes Acquisition of Marine Mechanical Corporation

McDermott International, Inc. has announced that its Government Operations subsidiary, BWX Technologies, Inc. ("BWXT"), has completed its previously announced acquisition of Marine Mechanical Corporation ("MMC") for approximately $75 million.

Headquartered in Euclid, Ohio, MMC designs, manufactures and supplies electro-mechanical equipment used by the United States Navy. MMC, employing approximately 250 people, generated revenues in 2006 of approximately $50 million and ended the year with backlog of approximately $165 million. McDermott will operate MMC as a unit of BWXT's Nuclear Operations Division.

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Posted 08/05/07

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