MDR McDermott International Inc

McDermott International, Inc. (NYSE:MDR) (�McDermott� or the �Company�) announced today 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. McDermott is an engineering and construction company, with specialty manufacturing and service capabilities, focused on energy infrastructure. McDermott�s customers are predominantly utilities and other power generators, major and national oil companies, and the United States Government. With its global operations, McDermott operates in over 20 countries with more than 20,000 employees.