OPG and BWXT Make Significant Progress in Production of Life-Saving Medical Isotope at Darlington Nuclear Generating Station
Darlington to become first large-scale nuclear station to produce molybdenum-99 Peterborough, Ont. – Ontario Power Generation (OPG), its subsidiary Laurentis Energy Partners (Laurentis), BWXT ITG Canada Inc. and its affiliates (BWXT) are making significant progress toward the production of molybdenum-99 (Mo-99) at OPG’s Darlington Nuclear Generating Station. Mo-99 is a much-needed medical isotope used in over […]
OPG’s Centre for Canadian Nuclear Sustainability Announces New Innovative Collaboration Between Laurentis Energy Partners and BWXT
Agreement to Co-Develop Technology to Recycle Heavy Water Toronto – Ontario Power Generation’s (OPG) Centre for Canadian Nuclear Sustainability (CCNS) has announced an innovative collaboration agreement between Laurentis Energy Partners (LEP) and BWXT Canada Ltd. (BWXT) to develop technology that will assist in the recycling of heavy water at OPG’s nuclear facilities. The project between […]
BWX Technologies Reports Strong Second Quarter 2020 Results and Increases 2020 Full-Year Earnings Guidance
Grows 2Q20 EPS to $0.67 (GAAP) and $0.71 (non-GAAP) vs. 2Q19 EPS of $0.62 Reports 2Q20 consolidated revenue of $505 million, up 7% vs. 2Q19 Increases 2020 full-year non-GAAP EPS guidance to a range of $2.80 – $2.90 Increases the Nuclear Operations Group segment revenue guidance to ~10% growth View the full report here.
BWXT Appoints Martyn Coombs to lead Nuclear Medicine Business as President, BWXT ITG Canada
(LYNCHBURG, Va. – July 6, 2020) – BWX Technologies, Inc. (NYSE: BWXT) today announced that Martyn Coombs has been appointed president, BWXT ITG Canada, Inc. (BWXT ITG Canada), effective July 20, 2020. In this role, Coombs will have P&L responsibility for BWXT’s medical isotope business, based in Canada, with facilities in Kanata, Ontario and Vancouver, […]
BWXT Awarded Contract to Expand TRISO Nuclear Fuel Production Line
(LYNCHBURG, Va. – July 1, 2020) – BWX Technologies, Inc. (NYSE: BWXT) announced today that its Nuclear Operations Group, Inc. subsidiary has been awarded a competitively bid contract by the Idaho National Laboratory (INL) to expand and upgrade its TRISO nuclear fuel manufacturing line.
BWXT Divests U.S. Nuclear Services Portfolio
(LYNCHBURG, Va. – June 2, 2020) – BWX Technologies, Inc. (NYSE: BWXT) announced today it has completed the process to divest its United States-based commercial nuclear services business to Framatome. In a cashless transaction, BWXT will receive a 118,000-square-foot manufacturing facility and the associated 11 acres of land from Framatome. “This strategic divestiture implies a […]
BWXT-Led Team Receives $13 Billion Award For DOE’s Hanford Tank Closure Contract
(LYNCHBURG, Virginia – May 18, 2020) – A team led by a subsidiary of BWX Technologies, Inc. (NYSE: BWXT) has been awarded the Tank Closure Contract (TCC) at the U.S. Department of Energy’s (DOE) Hanford Site. The total estimated value of the contract is up to approximately $13 billion over a 10-year period. The DOE […]
BWX Technologies Reports Record First Quarter 2020 Results
Generates record earnings with 1Q20 EPS of $0.79; up 55% vs. 1Q19 Reports 1Q20 consolidated revenue up 30% vs. 1Q19 to a record of $542 million Maintains robust consolidated backlog of $5.1 billion Reiterates 2020 non-GAAP EPS guidance of ~$2.80; updates underlying guidance to incorporate current impacts from COVID-19 through 2Q20 View the full report […]
BWXT Environmental Management Joint Venture Earns $243 Million Contract Extension
(LYNCHBURG, Va. – April 29, 2020) – BWX Technologies, Inc. (NYSE: BWXT) announced today that the U.S Department of Energy (DOE) has extended CH2M Hill BWXT West Valley, LLC’s (CHBWV) cleanup contract at the West Valley Demonstration Project in New York State by an additional 39 months to June 2023. The purpose of the $243 […]
BWXT Continuing TRISO Line Restart Activities With Kernel Formation and Sintering Operations
(LYNCHBURG, Va. – April 21, 2020) – BWX Technologies, Inc. (NYSE: BWXT) announced today that its TRISO nuclear fuel manufacturing restart activities are continuing to progress ahead of schedule. Most recently, BWXT has demonstrated the capability to form and sinter uranium oxycarbide (UCO) fuel kernels that serve as a precursor to the TRISO coating process. […]
