BWXT Joint Venture Awarded $5 Billion Contract Extension For Idaho National Laboratory Management
LYNCHBURG, Va. – BWX Technologies, Inc. (NYSE:BWXT) announced today that its Idaho National Laboratory (INL) joint venture management contract with lead partner Battelle has been awarded a five-year contract extension. INL is managed by Battelle Energy Alliance (BEA) for the U.S. Department of Energy’s (DOE) Office of Nuclear Energy. Over the five-year term, the contract […]
BWXT to Present at Morgan Stanley Leveraged Finance Conference
(LYNCHBURG, Va. – June 5, 2018) – BWX Technologies, Inc. (NYSE:BWXT) Senior Vice President and Chief Financial Officer David Black will be presenting at the 2018 Morgan Stanley Leveraged Finance Conference in New Orleans on June 6, 2018. BWXT is a leading supplier of nuclear components, fuel and services to government and commercial customers and […]
BWXT Announces the Closing of its Senior Notes Offering and New Credit Facility
LYNCHBURG, Va. — BWX Technologies, Inc. (NYSE:BWXT) (“BWXT”) announced today the closing of its previously announced offering of $400.0 million aggregate principal amount of 5.375% senior notes due 2026 (the “Notes”) in a private transaction exempt from the registration requirements of the Securities Act of 1933, as amended (the “Act”). The Notes are guaranteed by […]
BWXT Names Joel W. Duling President of Nuclear Operations Group Subsidiary
(LYNCHBURG, Va. – May 10, 2018) – BWX Technologies, Inc. (NYSE:BWXT) announced today that Joel W. Duling has been appointed to succeed retiring BWXT Nuclear Operations Group, Inc. President Joe G. Henry effective June 22, 2018. Currently, Duling serves as President of BWXT subsidiary Nuclear Fuel Services, Inc. in Erwin, Tennessee. He has nearly 30 […]
BWXT Announces Breakthrough Medical Isotope Manufacturing Technology
BWX Technologies, Inc. (NYSE:BWXT) (“BWXT” or the “Company”) announced today that it has developed an innovative and unique process to manufacture molybdenum-99 (Mo-99) that will enable a stable, North American supply of this critical diagnostic imaging radionuclide. The Mo-99 produced will be used in newly designed technetium-99m (Tc-99m) generators that are in commercial development at […]
BWX Technologies Reports Robust First Quarter 2018 Results with Strong Revenue Growth
Highlights: • 1Q18 GAAP EPS of $0.66, up 20%; 1Q18 non-GAAP EPS of $0.67, up 22%• Strong revenue growth of 7% with expanding segment margins• Consolidated backlog remains healthy at $3.6 billion• Reiterated 2018 guidance: EPS of $2.45 to 2.55; revenue of $1.75 to 1.85 billion View the full release on our Investors Relations page. […]
BWXT Selected for U.S. Department of Energy Cost-Share Program for Advanced Nuclear Technology Development
BWX Technologies, Inc. (NYSE:BWXT) announced today that its BWXT Nuclear Energy, Inc. subsidiary has been awarded $5.4 million in cost-sharing funds from the U.S. Department of Energy (DOE) for an advanced nuclear technology development initiative. In cooperation with Oak Ridge National Laboratory, BWXT will use its unique capabilities and facilities to develop the ability to […]
BWXT Awarded CA$642 Million Contract to Supply Steam Generators for Bruce Power’s Life Extension Program
BWX Technologies, Inc. (NYSE:BWXT) announced today that its subsidiary BWXT Canada Ltd. (BWXT Canada) has been awarded a contract valued at approximately CA$642 million from Bruce Power to design and supply 32 steam generators for Bruce Power’s Major Component Replacement (MCR) Project. The original contract for Bruce Power’s Unit 6 steam generators, previously announced in […]
BWXT Announces Strategic Acquisition of Sotera Health’s Nordion Medical Isotope Business
BWX Technologies, Inc. (NYSE:BWXT) (“BWXT” or the “Company”) announced today that it has signed a definitive agreement to acquire Sotera Health’s Nordion medical isotope business. The acquisition accelerates and de-risks BWXT’s entry into the medical radioisotope market by adding licensed infrastructure, approximately 150 highly trained and experienced personnel, and two production centers to BWXT. “Today’s […]
BWXT Subsidiary Awarded $151 Million in Contract Options for Naval Nuclear Reactor Fuel and Services
LYNCHBURG, Virginia – BWX Technologies, Inc. (NYSE:BWXT) announced today that the U.S. Naval Nuclear Propulsion Program has exercised contract options with BWXT subsidiary Nuclear Fuel Services, Inc. (NFS) totaling more than $151 million for fuel manufacture, development activities and decommissioning work in support of the nation’s nuclear submarines and aircraft carriers. The contract options were […]