BWX Technologies, Inc. (NYSE:BWXT) announced today that the U.S. Naval Nuclear Propulsion Program exercised contract options in Q1 2017 with BWXT’s subsidiary Nuclear Fuel Services, Inc. (NFS) totaling approximately $141.7 million for fuel manufacture, development activities, and decommissioning work in support of the nation’s nuclear submarines and aircraft carriers.
BWX Technologies, Inc. (NYSE: BWXT) ("BWXT" or the "Company") today reported fourth quarter 2016 revenues of $403.9 million, 11% growth compared to $363.9 million in the fourth quarter of 2015.
(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.
(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
(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.
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
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.
- 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
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.
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.