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News

BWXT Announces $3.1 Billion in Contracts for Naval Nuclear Reactor Components and Fuel

26 April 2016

BWX Technologies, Inc. (NYSE:BWXT) announced today that the U.S. Naval Nuclear Propulsion Program has awarded two of its subsidiaries contracts with options totaling approximately $3.1 billion for the manufacture of naval nuclear reactor components and fuel.


BWXT Subsidiary Awarded $241.5 Million Contract for Highly Enriched Uranium Downblending Services

21 April 2016

BWX Technologies, Inc. (NYSE:BWXT) announced today that its Nuclear Fuel Services, Inc. (NFS) subsidiary was awarded a contract valued at $241.5 million for the downblending of 10.4 metric tons of surplus highly enriched uranium (HEU).


B&W Subsidiary Nuclear Fuel Services, Inc. Awarded $169 Million Contract Options for Naval Reactors Fuel and Materials

16 March 2015

The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary Nuclear Fuel Services, Inc. (NFS) has been awarded contract options for work totaling approximately $169 million from the U.S. Department of Energy, Naval Reactors Laboratory Field Office. This work has been awarded under the $302 million contract B&W previously announced in 2014.


B&W Subsidiary Awarded Up to $302 Million in Contracts for Naval Reactors Fuel, Materials Services

27 February 2014

The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary Nuclear Fuel Services, Inc. (NFS) has been awarded two new contracts for fuel and materials services totaling up to approximately $302 million from the U.S. Department of Energy, Naval Reactors Laboratory Field Office.


B&W Subsidiary Awarded More Than $100 Million for U.S. DOE Fuel and Materials Services Contracts

14 November 2012

The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary, Nuclear Fuel Services, Inc. (NFS), has been awarded two new contracts for fuel and materials services from the U.S. Department of Energy, Naval Reactors Laboratory Field Office.


B&W Awarded $115 Million Navy Fuel Contract

03 November 2011

The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary Nuclear Fuel Services, Inc. (NFS) has been awarded a $114.7 million contract for the manufacture and delivery of fuel and support activities for the U.S. Naval Nuclear Propulsion Program.


B&W and USEC Inc. Complete Formation of American Centrifuge Manufacturing, LLC

03 May 2011

The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary Babcock & Wilcox Technical Services Group, Inc. (B&W TSG) and USEC Inc. (USEC) have completed the formation of American Centrifuge Manufacturing, LLC (ACM) to provide integrated manufacturing, assembly and delivery of centrifuge machines for USEC's American Centrifuge Plant in Piketon, Ohio.


B&W Announces $79 Million Naval Nuclear Fuel Contract Extension

11 February 2011

The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary Nuclear Fuel Services, Inc. (NFS) has been awarded a contract extension totaling approximately $79 million. The 2011 contract extension is for the continued manufacture and delivery of fuel and support activities for the U.S. Naval Nuclear Propulsion program.


B&W Signs Definitive Agreement with Toshiba and USEC

25 May 2010

The Babcock & Wilcox Company (B&W) announced today that its affiliate, Babcock & Wilcox Investment Company, and Toshiba Corporation (TOKYO: 6502) have signed a definitive agreement to make an investment in USEC Inc. (NYSE: USU) over three phases, each of which is subject to satisfaction of specific preconditions, including regulatory approvals. The $200 million investment, shared equally between Toshiba and B&W, will strengthen the deployment of the American Centrifuge Plant and create key new business opportunities throughout the nuclear fuel cycle.


B&W Consolidates Commercial Nuclear Operations into Single Business Unit

05 April 2010

The Babcock & Wilcox Company (B&W) announces it is combining two of its business units into a single organization to accelerate its growth in the commercial nuclear power sector. Babcock & Wilcox Nuclear Energy, Inc. will be formed through the combination of B&W Nuclear Power Generation Group, Inc. and B&W Modular Nuclear Energy, LLC. Christofer M. Mowry, currently the President and CEO of B&W Modular Nuclear Energy, has been named President of the new organization. The consolidation is expected to be effective in April 2010.