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News

OPG and BWXT Make Significant Progress in Production of Life-Saving Medical Isotope at Darlington Nuclear Generating Station

24 September 2020

Darlington to become first large-scale nuclear station to produce molybdenum-99.



BWX Technologies Reports Strong Second Quarter 2020 Results and Increases 2020 Full-Year Earnings Guidance

06 August 2020

LYNCHBURG, Va.--(BUSINESS WIRE)-- BWX Technologies, Inc. (NYSE: BWXT) reported second quarter 2020 revenue of $505 million, a 7% increase compared with $471 million in the second quarter of 2019. GAAP net income for the second quarter 2020 was $64.3 million, or $0.67 per diluted share, compared with GAAP net income of $58.9 million, or $0.62 per diluted share, in the prior-year period. Non-GAAP net income for the second quarter 2020 was $67.7 million, or $0.71 per diluted share, compared with non-GAAP net income of $59.1 million, or $0.62 per diluted share, in the prior-year period. A reconciliation of non-GAAP results is detailed in Exhibit 1.


BWXT Appoints Martyn Coombs to lead Nuclear Medicine Business as President, BWXT ITG Canada

06 July 2020

(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.


BWXT Awarded Contract to Expand TRISO Nuclear Fuel Production Line

01 July 2020

(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

02 June 2020

(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.


BWXT-Led Team Receives $13 Billion Award For DOE’s Hanford Tank Closure Contract

18 May 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.


BWX Technologies Reports Record First Quarter 2020 Results

05 May 2020

Lynchburg, VA - May 4, 2020 - BWX Technologies, Inc. (NYSE: BWXT) ("BWXT", "we", "us" or the "Company") reported first quarter 2020 revenue of $542 million, a 30% increase compared with $416 million in the first quarter of 2019. GAAP net income for the first quarter 2020 was $75.5 million, or $0.79 per diluted share, compared with GAAP net income of $49.0 million, or $0.51 per diluted share, in the prior-year period. Non-GAAP net income for the first quarter 2020 was $75.6 million, or $0.79 per diluted share. A reconciliation of non-GAAP results is detailed in Exhibit 1.


BWXT Environmental Management Joint Venture Earns $243 Million Contract Extension

29 April 2020

(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.


BWXT Continuing TRISO Line Restart Activities With Kernel Formation and Sintering Operations

21 April 2020

(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.

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Press Contacts:

BWX Technologies, Inc.

Jud Simmons 
+1 434.522.3800
hjsimmons@bwxt.com

BWXT Canada Ltd.  

Natalie Cutler 
+1 519.620.5288 
nacutler@bwxt.com 

BWXT Nuclear Energy Canada Inc.

Natalie Cutler
+1 519.620.5288  
nacutler@bwxt.com 

Nuclear Fuel Services, Inc.

Laura Bailey 
+1 423.743.9141
lebailey@nuclearfuelservices.com