Westinghouse, Shaw to Form Joint Venture Company to Manufacture Modules for AP1000(TM) Nuclear Power Plants

Westinghouse Electric Company and The Shaw Group Inc. announced they have signed a letter of intent (LOI) to form a joint venture to fabricate and assemble structural and equipment modules for AP1000(TM) nuclear power plants to be built in the United States and selected global markets in which in-country supply is not available. Under terms of the LOI,...