The Babcock & Wilcox Company ("B&W"), a subsidiary of McDermott International, Inc. (NYSE:MDR) ("McDermott"), announced today that it has been awarded a contract to support a condenser replacement project at Energy Northwest’s Columbia Generating Station in Richland, Washington. B&W will begin preparations for the project that will take place during a 2011 outage at the plant.

“This is a very positive announcement for B&W’s focus on commercial nuclear construction and our growing nuclear service business segment,” said Rich Reimels, President of Babcock & Wilcox Nuclear Power Generation Group. “We appreciate the confidence that Energy Northwest has placed in us to safely support the outage and complete this project on time.”

During the outage, B&W will remove the existing waterboxes and copper-nickel tube bundles, then replace them with new waterboxes and titanium tube bundles. B&W will also perform piping rerouting and reconnections to the condenser. When the outage is complete, B&W will restore the interferences and inspect the final vacuum test of the condenser shell.

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 25,000 employees.

In accordance with the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, McDermott International, Inc. cautions that statements in this press release which are forward-looking and provide other than historical information involve risks and uncertainties that may impact McDermott’s actual results of operations. The forward-looking statements in this press release include, among other things, the expected scope, execution, and timing associated with the Columbia Generation Station project. Although McDermott’s management believes that the expectations reflected in those forward-looking statements are reasonable, McDermott can give no assurance that those expectations will prove to have been correct. Those statements are made based on various underlying assumptions and are subject to numerous uncertainties and risks, including without limitation, changes in project design or schedules, contract cancellations, change orders and other modifications, and difficulties executing on the project. If one or more of these risks materialize, or if underlying assumptions prove incorrect, actual results may vary materially from those expected. For a more complete discussion of these and other risk factors, please see McDermott’s annual report on Form 10-K for the year ended December 31, 2008, and subsequent quarterly reports on Form 10-Q, filed with the Securities and Exchange Commission.

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