BWXT Names Joel W. Duling President of Nuclear Operations Group Subsidiary
(LYNCHBURG, Va. – May 10, 2018) – BWX Technologies, Inc. (NYSE:BWXT) announced today that Joel W. Duling has been appointed to succeed retiring BWXT Nuclear Operations Group, Inc. President Joe G. Henry effective June 22, 2018. Currently, Duling serves as President of BWXT subsidiary Nuclear Fuel Services, Inc. in Erwin, Tennessee. He has nearly 30 […]
BWXT Announces Breakthrough Medical Isotope Manufacturing Technology
BWX Technologies, Inc. (NYSE:BWXT) (“BWXT” or the “Company”) announced today that it has developed an innovative and unique process to manufacture molybdenum-99 (Mo-99) that will enable a stable, North American supply of this critical diagnostic imaging radionuclide. The Mo-99 produced will be used in newly designed technetium-99m (Tc-99m) generators that are in commercial development at […]
BWX Technologies Reports Robust First Quarter 2018 Results with Strong Revenue Growth
Highlights: • 1Q18 GAAP EPS of $0.66, up 20%; 1Q18 non-GAAP EPS of $0.67, up 22%• Strong revenue growth of 7% with expanding segment margins• Consolidated backlog remains healthy at $3.6 billion• Reiterated 2018 guidance: EPS of $2.45 to 2.55; revenue of $1.75 to 1.85 billion View the full release on our Investors Relations page. […]
BWXT Selected for U.S. Department of Energy Cost-Share Program for Advanced Nuclear Technology Development
BWX Technologies, Inc. (NYSE:BWXT) announced today that its BWXT Nuclear Energy, Inc. subsidiary has been awarded $5.4 million in cost-sharing funds from the U.S. Department of Energy (DOE) for an advanced nuclear technology development initiative. In cooperation with Oak Ridge National Laboratory, BWXT will use its unique capabilities and facilities to develop the ability to […]
BWXT Awarded CA$642 Million Contract to Supply Steam Generators for Bruce Power’s Life Extension Program
BWX Technologies, Inc. (NYSE:BWXT) announced today that its subsidiary BWXT Canada Ltd. (BWXT Canada) has been awarded a contract valued at approximately CA$642 million from Bruce Power to design and supply 32 steam generators for Bruce Power’s Major Component Replacement (MCR) Project. The original contract for Bruce Power’s Unit 6 steam generators, previously announced in […]
BWXT to Present at Bank of America Merrill Lynch Global Industrials Conference
(LYNCHBURG, Va. – March 19, 2018) – BWX Technologies, Inc. (NYSE:BWXT) President and Chief Executive Officer Rex D. Geveden will be presenting at the Bank of America Merrill Lynch Global Industrials Conference 2018 in London on March 21, 2018. BWXT is a leading supplier of nuclear components, fuel and services to government and commercial customers […]
BWXT Nuclear Energy Canada Awarded CA$168 Million Contract Extension for OPG Nuclear Fuel Manufacturing
(PETERBOROUGH, Ontario – March 12, 2018) – BWX Technologies, Inc. (NYSE:BWXT) announced today that its subsidiary BWXT Nuclear Energy Canada Inc. (BWXT NEC) has been awarded a CA$168 million, five-year contract extension to manufacture fuel for Ontario Power Generation’s (OPG) Darlington and Pickering nuclear generating stations. The deal extends BWXT NEC’s current fuel manufacturing arrangement […]
BWX Technologies Announces Q4 and FY 2017 Results as It Looks to Another Year of Growth in 2018
Highlights: • 2017 GAAP EPS of $1.47; non-GAAP EPS of $2.05• 2017 consolidated revenue growth of 9%• Robust consolidated backlog of $4.0 billion• Announces 45% quarterly dividend increase to $0.16 per share• GAAP results include a one-time $55 million impact related to tax reform• Initiates 2018 guidance: EPS of $2.45 to $2.55; revenue of $1.75 […]
BWXT Announces $492 Million in Naval Nuclear Reactor Contract Option Awards
(LYNCHBURG, Virginia – February 26, 2018) – BWX Technologies, Inc. (NYSE:BWXT) announced today that the U.S. Naval Nuclear Propulsion Program has exercised contract options with subsidiary BWXT Nuclear Operations Group, Inc. totaling approximately $492 million for the manufacture of naval nuclear reactor components. A variety of manufacturing and material procurement activities will be performed under […]
BWXT Awarded CA$30 Million in Contracts to Supply Critical Heat Exchangers for Bruce Power
(CAMBRIDGE, ONTARIO – February 20, 2018) – BWX Technologies, Inc. (NYSE:BWXT) announced today that its subsidiary BWXT Canada Ltd. (BWXT Canada) has been awarded contracts valued at approximately CA$30 million from Bruce Power to design and supply 13 critical heat exchangers as part of Bruce Power’s asset management program. These heat exchangers will serve various […]