Operator

And your next question comes from the line of Brian Chin of Citigroup. Please proceed.

Brian Chin – Citigroup

Hi, thanks for taking my question. I will keep myself to one question.

John A. Fees

Thanks Brian.

Brian Chin – Citigroup

For BWXT, I think just about everybody recognizes it''s a much more stable, less cyclical business than J. Ray and power. Does it make sense to explore strategic options to monetize that and somehow capture that value because it doesn''t look quite the market is really taking into account, you got this big piece of your business that''s fairly stable?

Michael S. Taff

Brian, I think it''s a good question and I think we evaluate all of our strategic options on a fairly routine basis, and we will continue to do that. I think overall, we believe in that in the structure of the company. Certainly, the BWXT, the government group is a very stable business. It''s continued to perform very well; last two quarters have been two of the best quarters in the history of the company but it also speaks kind of to the diversity of. McDermott.

And as John said in his prepared comments, where we can have one of our segments in a loss position as we have with J. Ray that''s losing $19 million, the other two segments picking it up and providing value to our shareholder, so...but from a strategic standpoint, we''ll continue to evaluate this on an ongoing basis.

John A. Fees

We think the combination of having a large project focus with a core repeatable base really makes us uniquely positioned in the E&C space and we value that positioning.

Michael S. Taff

And recognize too that the assets are all - and the utilization are a lot more pliant than may be apparent. We take a look at the strategic plan going forward, for example, some of the government nuclear things are great places for technology, people and facilities to be able to support an expansion on a commercial nuclear side. So we wouldn''t want to divorce one thing to compromise our strategic plans on the other.

Brian Chin – Citigroup

Thanks for that color.

John A. Fees

Certainly, thanks Brian.

Operator