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News

BWXT Announces $795 Million in Contract Options and Awards for Naval Nuclear Reactor Components

13 February 2017

BWX Technologies, Inc. (NYSE:BWXT) announced today that the U.S. Naval Nuclear Propulsion Program has exercised contract options with BWXT’s subsidiary, BWXT Nuclear Operations Group, Inc., totaling approximately $784 million for the manufacture of naval nuclear reactor components. New contracts valued at approximately $11 million were also awarded.


BWXT to Deliver Inspection Delivery System to Bruce Power to Support Low Cost Power

10 February 2017

BWXT Nuclear Energy Canada Inc. (BWXT NEC) will ship the Bruce Reactor Inspection Maintenance System – the second of its kind – to Bruce Power on February 24, 2017. Known as BRIMS II, this highly engineered reactor inspection delivery tool system will meet its scheduled delivery date.


BWXT to Present at CJS Securities Investor Conference

05 January 2017

(LYNCHBURG, Virginia – January 5, 2017) – BWX Technologies, Inc. (NYSE:BWXT) President and Chief Executive Officer Rex D. Geveden will be presenting at the seventeenth annual CJS Securities “New Ideas for a New Year” Investor Conference in New York City on January 11, 2017. BWXT is a leading supplier of nuclear components, fuel and services to government and commercial customers and is the sole manufacturer of U.S. naval nuclear reactors for submarines and aircraft carriers.


BWXT Awarded $35 Million Contract to Develop and Fabricate Payload Module Launch Tubes for Virginia-Class Submarines

27 December 2016

(LYNCHBURG, Virginia – December 27, 2016) – BWX Technologies, Inc. (NYSE:BWXT) announced today that its subsidiary BWXT Nuclear Operations Group, Inc. has received two competitively bid awards (development and fabrication) under a single contract for Virginia Payload Module (VPM) launch tubes. The contract was awarded by General Dynamics Electric Boat to support the Virginia-class submarine program and is worth approximately $35 million.


BWXT Completes Acquisition of GE Hitachi Nuclear Energy Canada Inc.

19 December 2016

BWX Technologies, Inc. (NYSE:BWXT) announced today that its subsidiary BWXT Canada Ltd. (BWXT Canada) has completed its acquisition of the GE Hitachi Nuclear Energy Canada Inc. (GEH-C) joint venture, which has been re-named BWXT Nuclear Energy Canada Inc. (BWXT NEC).


Peyton S. (Sandy) Baker to retire May 31, 2017 - BWXT announces Rex D. Geveden as next President and Chief Executive Officer

29 November 2016

BWX Technologies, Inc. (NYSE:BWXT) announced today that current Chief Operating Officer (COO) Rex D. Geveden, 55, will become President and Chief Executive Officer (CEO) and a member of the BWXT Board of Directors, effective January 1, 2017. Mr. Geveden will replace Peyton S. (Sandy) Baker, 69, who has indicated he will retire May 31, 2017.


BWX Technologies Inc. Releases Third Quarter 2016 Results

31 October 2016

- Delivered Consolidated Revenue Growth of 6% Over the Prior Year Period and Solid EPS of $0.39 - Increasing the Lower End of EPS Guidance - Executed a Definitive Agreement to Acquire GE-Hitachi Nuclear Energy Canada Inc. - Entered Into a $200 Million Accelerated Share Repurchase (ASR) Agreement - Amended Credit Agreement to Add Term Loan Facilities Totaling $250 Million


BWXT Announces $200 Million Accelerated Share Repurchase

19 September 2016

LYNCHBURG, Va.--(BUSINESS WIRE)--Sep. 19, 2016-- BWX Technologies, Inc. (NYSE:BWXT) announced today that it has entered into an accelerated share repurchase (ASR) agreement with Wells Fargo Bank, National Association to repurchase an aggregate of $200 million of the Company’s common stock. The ASR agreement was entered into under the Company’s previously authorized share repurchase program which had $253.4 million remaining as of June 30, 2016.


BWXT Names Jaska, Krieg, Niland to Board of Directors

12 September 2016

BWX Technologies, Inc. (NYSE:BWXT) announced today that James M. Jaska, Kenneth J. Krieg and Barbara A. Niland have been appointed to its Board of Directors to further the Board’s ongoing succession planning and refreshment efforts. Each of these new directors brings valuable industry experience and other qualifications that will support BWXT’s sustainable long-term growth and stability objectives.


BWXT Subsidiary Enters Into Share Purchase Agreement to Acquire GE Hitachi Nuclear Energy Canada Inc.

18 August 2016

BWX Technologies, Inc. (NYSE:BWXT) announced today that its subsidiary BWXT Canada Ltd. (BWXT Canada) has entered into a share purchase agreement to acquire all of the shares of the GE Hitachi Nuclear Energy Canada Inc. (GEH-C) joint venture.