McDermott International (formerly J. Ray McDermott) (NYSE: MDR) is an international engineering company specialized on marine solutions with operations in the Americas, Middle East, the Caspian Sea, and the Pacific Rim.[1][2] It is headquartered in Houston, Texas.[3]
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In 2010, McDermott International share-holders agreed to "spin-off" the U.S.-based government contracting services company Babcock & Wilcox and its related other domestic companies. The oil & gas services company, J. Ray McDermott, discontinued use of the J. Ray McDermott brand; and continued its oil & gas services contracting under the name McDermott International.[4]