(CAMBRIDGE, ON – February 22, 2017) – BWX Technologies, Inc. (NYSE:BWXT) announced today that its subsidiary BWXT Canada Ltd. (BWXT Canada) has been awarded a four-year amendment to its existing Master Services Agreement (MSA), which went into effect on January 1, 2015, for feeder inspection services at Bruce Power, located near Kincardine, Ontario, Canada.
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.
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).
BWX Technologies, Inc. (NYSE:BWXT) announced today that its subsidiary BWXT Canada Ltd. (BWXT Canada) has been awarded a steam generator design, manufacturing and delivery contract valued at approximately $130 million CDN (approximately $100 million U.S.) from Bruce Power for its Bruce B Unit 6 reactor.
Bruce Power and BWXT Canada to Sign MOU to Commence Process for Steam Generator Design and Manufacturing
Bruce Power and BWXT Canada Ltd. (BWXT Canada) will sign a memorandum of understanding (MOU) today to commence the process for steam generator design and manufacturing out of BWXT Canada’s facility in Cambridge, Ontario. The signing of the MOU follows yesterday’s announcement that Bruce Power will advance a long-term, incremental life extension program.
The Babcock & Wilcox Company (B&W) (NYSE:BWC) is announcing plans to restructure its mPower Small Modular Reactor program to focus on technology development.
The Babcock & Wilcox Company (B&W) (NYSE:BWC) has announced a restructuring of its government operations. Effective immediately, the Babcock & Wilcox Nuclear Operations Group, Inc. (NOG), its subsidiary operations at Nuclear Fuel Services, and the Babcock & Wilcox Technical Services Group, Inc. (TSG) will operate under a single leader, naming Peyton S. (Sandy) Baker as President and Chief Operating Officer (COO).
The Babcock & Wilcox Company (B&W) (NYSE:BWC) and TerraPower® have signed a Memorandum of Understanding (MOU) to support the development of TerraPower’s Generation IV traveling wave reactor (TWR), a safe, economic and sustainable nuclear energy system that utilizes advanced materials for more durable metallic fuels and supercomputing for advanced comprehensive modeling.
The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that it is accelerating the ongoing search for additional equity partners for its mPower™ small modular reactor (SMR) program. The expanded process is being launched now to seek additional partners who are ready to fully participate in the mPower™ SMR licensing and other pre-construction activities needed to deploy the lead mPower Plant by 2022, consistent with the schedule for the mPower America Project with the U.S. Department of Energy (DOE).
Babcock & Wilcox Nuclear Energy, Inc. (B&W NE), a subsidiary of The Babcock & Wilcox Company (NYSE:BWC), and Lightbridge Corporation (NASDAQ: LTBR) have signed a memorandum of understanding (MOU) to explore joint development of a pilot-scale facility to demonstrate fabrication of Lightbridge’s innovative metallic nuclear fuel.