Westinghouse Electric
ORG
Westinghouse Electric Westinghouse
With industry hopes rising for a revival in orders for nuclear power reactors, the sale last month of Westinghouse's former nuclear division to Toshiba might stand out as a landmark. Toshiba surprised many in the industry by agreeing to pay a lofty $5.4 billion for a collection of nuclear power manufacturing facilities, with Westinghouse's being the centerpiece, assembled by British Nuclear Fuels. The Nuclear Regulatory Commission recently approved the design of a new Westinghouse model, the AP-1000  reactor that would have fewer moving parts in its safety systems. But in the short term, the least glamorous parts of Westinghouse's business may prove the most valuable for Toshiba.