News

(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, British Columbia. In addition to leading the existing business, Coombs will also be responsible for guiding the successful launch of BWXT’s technetium-99m generator product line currently in development, and growing the overall business. Coombs will be replacing Tom Burnett, who is retiring.

(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.

(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.

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.

(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 million extension is to enable CHBWV to safely and efficiently complete deactivation, demolition and removal of the Main Plant Process Building, which was the only commercially operated nuclear fuel reprocessing plant in the United States, as well as other facility disposition activities.

(LYNCHBURG, Va. – April 20, 2020) – BWX Technologies, Inc. (NYSE: BWXT) today announced that Robb A. LeMasters has been appointed senior vice president and chief strategy officer, effective July 13, 2020.

(LYNCHBURG, Va. – April 14, 2020) – BWX Technologies, Inc. (NYSE: BWXT) announced today that in the interest of protecting the health of its stockholders and employees during the COVID-19 pandemic, the Annual Meeting of Stockholders will be held in a virtual meeting format only. The meeting is scheduled at 9:30 a.m. Eastern Time on Friday, May 1, 2020.

(LYNCHBURG, Va. – April 8, 2020) – BWX Technologies, Inc. (NYSE: BWXT) today released a statement from President and Chief Executive Officer Rex Geveden regarding BWXT’s response to the ongoing COVID-19 health crisis.

(LYNCHBURG, Va. – March 31, 2020) – BWX Technologies, Inc. (NYSE: BWXT) announced today that the U.S. Naval Nuclear Propulsion Program exercised contract options in Q1 2020 with BWXT’s subsidiary Nuclear Fuel Services, Inc. (NFS) totaling approximately $128 million for fuel manufacturing work in support of the nation’s nuclear submarines and aircraft carriers.

(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.