condition of emerging from bankruptcy, B&W created a trust fund to compensate victims for amounts far less than settlements paid in individual personal injury lawsuits. After B&W emerged from bankruptcy in 2006, B&W and BWX Technologies, both subsidiaries of the McDermott International, Inc., merged on 26 November 2007 to form The Babcock & Wilcox Companies, headed by President John Fees. The old company logo was changed. On June 10, 2009, B&W unveiled B&W Modular Nuclear Energy, LLC (B&W MNE). On the same day, B&W MNE announced its plans to design and develop the B&W mPower reactor, a modular, scalable nuclear reactor. The B&W mPower reactor design is a 125 megawatt, passively safe Advanced Light Water Reactor (ALWR) (a Generation III reactor) with a below-ground containment structure. The reactor is set to be manufactured in a factory, shipped by rail, then buried underground. On May 12, 2010, B&W announced that it and its subsidiaries would be spun off from its parent company, McDermott International, Inc. The headquarters moved from Lynchburg, Virginia to Charlotte. and the company became The Babcock & Wilcox Company. On August 2, 2010, B&W began trading on the New York Stock Exchange as BWC. On June 30, 2015, Babcock & Wilcox completed a spinoff from BWX Technologies, its former parent company. The two companies began trading separately on July 1 when Babcock & Wilcox Enterprises, Inc. was listed on the New York Stock Exchange under the ticker symbol: BW. On September 24, 2018, Babcock & Wilcox announced that it would move its corporate headquarters from Charlotte to Akron, Ohio, into space formerly occupied by the Goodyear Tire and Rubber Company prior to its move to a new building nearby. On December 30, 2019, Babcock & Wilcox relocated its corporate headquarters from Barberton, Ohio, to Akron, Ohio. Football The company had works association football teams which played at senior level in Scotland and the United States; Babcock & Wilcox F.C. reached the second round of the Scottish Cup on two occasions, and the American side was runner-up once in the American Cup. See also Steam generator (boiler) References External links Manufacturing companies based in Ohio Manufacturing companies established in 1867 Companies listed on the New York Stock Exchange Nuclear technology companies of the United States Companies based in Akron, Ohio American companies established in 1867 1867 establishments in Rhode Island Companies that filed for Chapter 11 bankruptcy in 2000