SPX Obtains $100 Million Specialty Valves Contract for Westinghouse AP1000 Nuclear Plants

JOHANNESBURG--March 9, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--Now that a nuclear-power building program is taking shape in the U.S. after a gap of more than 30 years, contracts for component-manufacturing companies and specialized heavy engineering companies are becoming available. With the prospect of up to 12 new Westinghouse Electric AP1000 nuclear power plants being constructed in the U.S. and China through 2020, SPX Corporation's (NYSE:SPW) (Charlotte, North Carolina) latest agreement with Westinghouse Electric Company LLC (Monroeville, Pennsylvania) to provide highly specialized squib valves for the nuclear installations has a combined value of more than $100 million. Other companies featured: The Shaw Group Incorporated (NYSE:SGR), Progress Energy Incorporated (NYSE:PGN)