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 Announces Amendment to Credit Agreement
(LYNCHBURG, Va. – March 25, 2020) – BWX Technologies, Inc. (NYSE: BWXT) (“BWXT”) announced today that it has entered into an amendment to its May 24, 2018 credit agreement with Wells Fargo Bank, N.A. and other lenders that increases its borrowing capacity while delivering lower rates for the company. The amendment announced today provides, among […]
BWXT Awarded TRISO Nuclear Fuel Manufacturing Contract. Production to be Completed by the Fall of 2020
(LYNCHBURG, Va. – March 11, 2020) – BWX Technologies, Inc. (NYSE: BWXT) announced today that its BWXT Nuclear Operations Group, Inc. (NOG) subsidiary has been awarded a contract from the Department of Energy’s Oak Ridge National Laboratory (ORNL) to manufacture TRISO nuclear fuel to support the continued development of the Transformational Challenge Reactor (TCR). BWXT […]
BWXT Successfully Demonstrates Labeling of Cold Kits with its Mo-99 / Tc-99m Technology
(LYNCHBURG, Va. – Feb. 25, 2020) – BWX Technologies, Inc. (NYSE: BWXT) announced today that it has successfully labeled technetium-99m (Tc-99m) derived from its proprietary molybdenum-99 (Mo-99) production process and its proprietary Tc-99m generators with nine of the most widely used cold kits in the North American market. As the company announced in 2018, BWXT’s […]
BWX Technologies Reports Strong Fourth Quarter 2019 Results, Setting New Year-End Highs for Revenue, Earnings and Backlog
4Q19 GAAP EPS of $0.64; non-GAAP EPS of $0.71; revenue up 5% vs. 4Q18• 2019 GAAP EPS of $2.55; non-GAAP EPS of $2.62; revenue up 5% vs. 2018• Reports record consolidated backlog of $5.3 billion• Announces 12% quarterly dividend increase to $0.19 per share• Issues 2020 guidance: non-GAAP EPS of ~$2.80; consolidated revenue growth of […]
BWXT Awarded $1 Billion Contract for Naval Nuclear Reactor Components
(LYNCHBURG, Va. – Feb. 17, 2020) – BWX Technologies, Inc. (NYSE: BWXT) announced today that the U.S. Naval Nuclear Propulsion Program has awarded subsidiary BWXT Nuclear Operations Group, Inc. (BWXT NOG) new contracts with options totaling approximately $1 billion for the manufacture of naval nuclear reactor components. “We are proud to provide nuclear propulsion systems […]
Department of Energy Selects BWXT to Support Nonproliferation Fuel Program
(LYNCHBURG, Va. – Feb. 11, 2020) – BWX Technologies, Inc. (NYSE: BWXT) announced today that the U.S. Department of Energy’s National Nuclear Security Administration (NNSA) has awarded an initial $3.6 million contract to the BWXT Nuclear Operations Group, Inc. subsidiary as the manufacturer of a uranium-molybdenum alloy High Assay Low Enriched Uranium (U-Mo HALEU) fuel […]
BWXT Subsidiary Completes Strategic Acquisition of Laker Energy Products Inc.
(CAMBRIDGE, Ontario – January 2, 2020) – BWX Technologies, Inc. announced today that its subsidiary BWXT Canada Ltd. (BWXT Canada) has acquired Laker Energy Products Inc. (Laker Energy Products). The transaction broadens BWXT’s portfolio of critical CANDU® components for its global customer base. Laker Energy Products, a Canadian company founded in 1995, is a leading […]
BWXT Advancing TRISO Line Restart With Solution Production
(LYNCHBURG, Va. – December 18, 2019) – BWX Technologies, Inc. (NYSE: BWXT) announced today that its TRISO nuclear fuel manufacturing restart activities are progressing ahead of schedule. BWXT technicians are now producing uranium solutions for TRISO fuel as the company moves forward with its previously announced plans to restart its manufacturing line and increase capacity at its […]
BWXT Named Among Top 50 Best Companies for Environmental, Social and Governance Practices
(LYNCHBURG, Va. – December 5, 2019) – BWX Technologies, Inc. (BWXT) has been named to Investor’s Business Daily’s 50 Best Environmental, Social and Governance Companies list. The publication recognized companies with superior environmental, social and governance ratings in addition to strong fundamental and technical performance. Among companies with environmental, social and governance ratings of AAA or […]