BWXT Awarded Contract to Expand TRISO Nuclear Fuel Production Line
(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-Led Team Receives $13 Billion Award For DOE’s Hanford Tank Closure Contract
(LYNCHBURG, Virginia – May 18, 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. The DOE […]
BWX Technologies Reports Record First Quarter 2020 Results
Generates record earnings with 1Q20 EPS of $0.79; up 55% vs. 1Q19 Reports 1Q20 consolidated revenue up 30% vs. 1Q19 to a record of $542 million Maintains robust consolidated backlog of $5.1 billion Reiterates 2020 non-GAAP EPS guidance of ~$2.80; updates underlying guidance to incorporate current impacts from COVID-19 through 2Q20 View the full report […]
BWXT Environmental Management Joint Venture Earns $243 Million Contract Extension
(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 […]
BWXT Continuing TRISO Line Restart Activities With Kernel Formation and Sintering Operations
(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. Most recently, BWXT has demonstrated the capability to form and sinter uranium oxycarbide (UCO) fuel kernels that serve as a precursor to the TRISO coating process. […]
BWXT Names Robb A. LeMasters to New Position of Chief Strategy Officer
(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. In this new role, LeMasters will be responsible for driving BWXT’s overall corporate strategy for growth in its various national security, clean energy, […]
BWXT to Hold Annual Meeting Via Live Webcast
(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 […]
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. NFS is […]
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. The amendment announced today provides, among […]
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. SCO is partnering with the U.S. […]