BWXT Awarded $35 Million Contract to Develop and Fabricate Payload Module Launch Tubes for Virginia-Class Submarines
(LYNCHBURG, Virginia – December 27, 2016) – BWX Technologies, Inc. (NYSE:BWXT) announced today that its subsidiary BWXT Nuclear Operations Group, Inc. has received two competitively bid awards (development and fabrication) under a single contract for Virginia Payload Module (VPM) launch tubes. The contract was awarded by General Dynamics Electric Boat to support the Virginia-class submarine program and is worth approximately $35 million.
BWXT Completes Acquisition of GE Hitachi Nuclear Energy Canada Inc.
BWX Technologies, Inc. (NYSE:BWXT) announced today that its subsidiary BWXT Canada Ltd. (BWXT Canada) has completed its acquisition of the GE Hitachi Nuclear Energy Canada Inc. (GEH-C) joint venture, which has been re-named BWXT Nuclear Energy Canada Inc. (BWXT NEC).
Peyton S. (Sandy) Baker to retire May 31, 2017 - BWXT announces Rex D. Geveden as next President and Chief Executive Officer
BWX Technologies, Inc. (NYSE:BWXT) announced today that current Chief Operating Officer (COO) Rex D. Geveden, 55, will become President and Chief Executive Officer (CEO) and a member of the BWXT Board of Directors, effective January 1, 2017. Mr. Geveden will replace Peyton S. (Sandy) Baker, 69, who has indicated he will retire May 31, 2017.
BWX Technologies Inc. Releases Third Quarter 2016 Results
- Delivered Consolidated Revenue Growth of 6% Over the Prior Year Period and Solid EPS of $0.39 - Increasing the Lower End of EPS Guidance - Executed a Definitive Agreement to Acquire GE-Hitachi Nuclear Energy Canada Inc. - Entered Into a $200 Million Accelerated Share Repurchase (ASR) Agreement - Amended Credit Agreement to Add Term Loan Facilities Totaling $250 Million
BWXT Announces $200 Million Accelerated Share Repurchase
LYNCHBURG, Va.--(BUSINESS WIRE)--Sep. 19, 2016-- BWX Technologies, Inc. (NYSE:BWXT) announced today that it has entered into an accelerated share repurchase (ASR) agreement with Wells Fargo Bank, National Association to repurchase an aggregate of $200 million of the Company’s common stock. The ASR agreement was entered into under the Company’s previously authorized share repurchase program which had $253.4 million remaining as of June 30, 2016.
BWXT Names Jaska, Krieg, Niland to Board of Directors
BWX Technologies, Inc. (NYSE:BWXT) announced today that James M. Jaska, Kenneth J. Krieg and Barbara A. Niland have been appointed to its Board of Directors to further the Board’s ongoing succession planning and refreshment efforts. Each of these new directors brings valuable industry experience and other qualifications that will support BWXT’s sustainable long-term growth and stability objectives.
BWXT Subsidiary Enters Into Share Purchase Agreement to Acquire GE Hitachi Nuclear Energy Canada Inc.
BWX Technologies, Inc. (NYSE:BWXT) announced today that its subsidiary BWXT Canada Ltd. (BWXT Canada) has entered into a share purchase agreement to acquire all of the shares of the GE Hitachi Nuclear Energy Canada Inc. (GEH-C) joint venture.
BWX Technologies Announces Second Quarter 2016 Results
- GAAP EPS of $0.55, Non-GAAP EPS of $0.44 (38% Growth Over the Prior Year Period)- Consolidated Revenue Growth of 13% Over the Prior Year Period- Awarded Steam Generator Design and Supply Contract from Bruce Power- Increasing 2016 Non-GAAP EPS Guidance Range to Between $1.57 and $1.67
BWX Technologies, Inc. to Webcast Discussion of its Second Quarter 2016 Results
BWX Technologies, Inc. (BWXT) (NYSE:BWXT) expects to webcast a discussion of its second quarter 2016 results on Tuesday, August 9, 2016 at 8:30 a.m. ET.
BWXT Subsidiary Awarded Steam Generator Design and Supply Contract from Bruce Power
BWX Technologies, Inc. (NYSE:BWXT) announced today that its subsidiary BWXT Canada Ltd. (BWXT Canada) has been awarded a steam generator design, manufacturing and delivery contract valued at approximately $130 million CDN (approximately $100 million U.S.) from Bruce Power for its Bruce B Unit 6 reactor.
