LYNCHBURG, Va. & ST. LOUIS--(BUSINESS WIRE)--Babcock & Wilcox Technical Services Group, Inc. (B&W TSG), a major operating unit of The Babcock & Wilcox Company (B&W), has signed an agreement with Covidien (NYSE:COV, BSX: COV) to develop technology for the manufacture of molybdenum-99 (Mo-99), the parent isotope of technetium-99m (Tc-99m), the most widely used radioisotope in the world for molecular imaging and nuclear medicine procedures. The program has the potential to supply more than 50 percent of U.S. demand for Mo-99. B&W is a subsidiary of McDermott International, Inc. (NYSE: MDR).
