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. […]
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 […]
BWX Technologies Reports Strong Fourth Quarter 2019 Results, Setting New Year-End Highs for Revenue, Earnings and Backlog
4Q19 GAAP EPS of $0.64; non-GAAP EPS of $0.71; revenue up 5% vs. 4Q18• 2019 GAAP EPS of $2.55; non-GAAP EPS of $2.62; revenue up 5% vs. 2018• Reports record consolidated backlog of $5.3 billion• Announces 12% quarterly dividend increase to $0.19 per share• Issues 2020 guidance: non-GAAP EPS of ~$2.80; consolidated revenue growth of […]
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. “We are proud to provide nuclear propulsion systems […]
Department of Energy Selects BWXT to Support Nonproliferation Fuel Program
(LYNCHBURG, Va. – Feb. 11, 2020) – 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 […]
BWXT Names Nate Foote General Manager of Mount Vernon, Indiana, Operations
(MOUNT VERNON, Ind. – Feb. 3, 2020) – 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. “With more than a decade of experience leading in Mount Vernon and at our other manufacturing sites, Nate […]
Rick Loving Named Senior Vice President and Chief Administrative Officer for BWXT
(LYNCHBURG, Va. – January 9, 2020) – BWX Technologies, Inc. (NYSE: BWXT) announced today that Richard W. (Rick) Loving has been named senior vice president and chief administrative officer (CAO). “Rick has been highly effective in numerous roles at BWXT for many years, including senior vice president for Human Resources most recently,” said Rex Geveden, […]
BWXT Subsidiary Completes Strategic Acquisition of Laker Energy Products Inc.
(CAMBRIDGE, Ontario – January 2, 2020) – BWX Technologies, Inc. announced today that its subsidiary BWXT Canada Ltd. (BWXT Canada) has acquired Laker Energy Products Inc. (Laker Energy Products). The transaction broadens BWXT’s portfolio of critical CANDU® components for its global customer base. Laker Energy Products, a Canadian company founded in 1995, is a leading […]