Statement from President and CEO Rex Geveden on BWXT’s Ongoing Operations
(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.
BWXT Subsidiary Awarded $128 Million in Contract Options from Naval Nuclear Propulsion Program
(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.
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.
BWXT-Led Team Wins Department of Defense Contract for Mobile Nuclear Reactor Design
(LYNCHBURG, Va. – March 17, 2020) – BWX Technologies, Inc. (NYSE: BWXT) announced today that a team led by subsidiary BWXT Advanced Technologies has been awarded a $14 million contract from the Office of the Secretary of Defense, Strategic Capabilities Office (SCO) for a mobile nuclear reactor design project.
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 Successfully Demonstrates Labeling of Cold Kits with its Mo-99 / Tc-99m Technology
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.
BWX Technologies Reports Strong Fourth Quarter 2019 Results, Setting New Year-End Highs for Revenue, Earnings and Backlog
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.
Department of Energy Selects BWXT to Support Nonproliferation Fuel Program
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 that will facilitate the conversion of high-performance U.S. research reactors from the current use of high-enriched uranium.
BWXT Names Nate Foote General Manager of Mount Vernon, Indiana, Operations
BWX Technologies, Inc. (NYSE:BWXT) announced today that Nate Foote has been named general manager of the BWXT Nuclear Operations Group, Inc. (BWXT NOG) manufacturing facility in Mount Vernon, Indiana.