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 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 […]
BWXT to Present at Bank of America Merrill Lynch Global Industrials Conference
(LYNCHBURG, Va. – March 19, 2018) – BWX Technologies, Inc. (NYSE:BWXT) President and Chief Executive Officer Rex D. Geveden will be presenting at the Bank of America Merrill Lynch Global Industrials Conference 2018 in London on March 21, 2018. BWXT is a leading supplier of nuclear components, fuel and services to government and commercial customers […]
BWXT Nuclear Energy Canada Awarded CA$168 Million Contract Extension for OPG Nuclear Fuel Manufacturing
(PETERBOROUGH, Ontario – March 12, 2018) – BWX Technologies, Inc. (NYSE:BWXT) announced today that its subsidiary BWXT Nuclear Energy Canada Inc. (BWXT NEC) has been awarded a CA$168 million, five-year contract extension to manufacture fuel for Ontario Power Generation’s (OPG) Darlington and Pickering nuclear generating stations. The deal extends BWXT NEC’s current fuel manufacturing arrangement […]
BWX Technologies Announces Q4 and FY 2017 Results as It Looks to Another Year of Growth in 2018
Highlights: • 2017 GAAP EPS of $1.47; non-GAAP EPS of $2.05• 2017 consolidated revenue growth of 9%• Robust consolidated backlog of $4.0 billion• Announces 45% quarterly dividend increase to $0.16 per share• GAAP results include a one-time $55 million impact related to tax reform• Initiates 2018 guidance: EPS of $2.45 to $2.55; revenue of $1.75 […]
BWXT Announces $492 Million in Naval Nuclear Reactor Contract Option Awards
(LYNCHBURG, Virginia – February 26, 2018) – BWX Technologies, Inc. (NYSE:BWXT) announced today that the U.S. Naval Nuclear Propulsion Program has exercised contract options with subsidiary BWXT Nuclear Operations Group, Inc. totaling approximately $492 million for the manufacture of naval nuclear reactor components. A variety of manufacturing and material procurement activities will be performed under […]
BWXT Joint Venture Awarded $1.39 Billion Environmental Management Contract
(LYNCHBURG, Va. – December 21, 2017) – BWX Technologies, Inc. (NYSE:BWXT) announced today that its Newport News Nuclear BWXT-Los Alamos (N3B) joint venture with lead partner Stoller Newport News Nuclear (SN3), a subsidiary of Huntington Ingalls Industries Technical Solutions division, was awarded the Los Alamos Legacy Cleanup Contract. The work will be conducted at the […]