BWXT Announces $300 Million Contract for Naval Nuclear Reactor Fuel
(LYNCHBURG, Va. – October 24, 2023) – BWX Technologies, Inc. (NYSE: BWXT) today announced the award of a U.S. Naval Nuclear Propulsion Program contract totaling approximately $300 million for the manufacture of naval nuclear reactor fuel. Under this contract, BWXT subsidiary Nuclear Fuel Services, Inc., located in Erwin, Tennessee, will manufacture and deliver fuel for […]
BWXT, Crowley Debut Nuclear Power Generation Vessel Concept
(LYNCHBURG, Va. – September 20, 2023) – Global shipping and energy supply chain leader Crowley has teamed with BWX Technologies, Inc. (NYSE: BWXT) through a memorandum of understanding for a ship concept that has the potential to generate alternative, zero-carbon emission energy for defense and disaster needs by including a microreactor on board. A new […]
BWXT Awarded Contract to Evaluate Microreactor Deployment for State of Wyoming
Effort Will Leverage U.S. Department of Energy Advanced Reactor Demonstration Program Achievements (LYNCHBURG, Va. – September 12, 2023) – BWX Technologies, Inc. (NYSE: BWXT) today announced a two-phase, two-year contract with the Wyoming Energy Authority to assess the viability of deploying small-scale nuclear reactors in the state as a source of resilient and reliable energy to […]
BWXT to Manufacture HALEU Feedstock for Advanced Reactors
(LYNCHBURG, Va. – August 30, 2023) – BWX Technologies, Inc. (NYSE: BWXT) today announced a contract to process thousands of kilograms of government-owned scrap material containing enriched uranium that is unusable in its present form in order to produce more than two metric tons of feedstock that can be used for fuel to demonstrate advanced […]
BWX Technologies Reports Second Quarter 2023 Results
• 2Q23 revenues of $612.4 million• 2Q23 net income of $58.7 million, adjusted EBITDA(1) of $107.0 million• 2Q23 diluted GAAP EPS of $0.64, non-GAAP(1) EPS of $0.65• Selected to provide the nuclear system and fuel for DARPA’s DRACO project, the first nuclear powered spacecraft• Shipped final missile tube of the Block II contract from our Mount […]
BWXT Awarded an Engineering Contract from TerraPower for the Natrium™ Demonstration Project
(CAMBRIDGE, Ontario – August 2, 2023) – BWX Technologies, Inc. (NYSE: BWXT) today announced a contract with TerraPower to design the Intermediate Heat Exchanger for the Natrium Demonstration Project. The Natrium technology is a 345-megawatt sodium fast reactor coupled with a molten salt-based integrated energy storage system. The Intermediate Heat Exchanger is a critical component […]
BWXT to Provide Nuclear Reactor Engine and Fuel for DARPA Space Project
(LYNCHBURG, Va. – July 26, 2023) – BWX Technologies, Inc. (NYSE: BWXT) today announced that its reactor and fuel will be key components in the world’s first demonstration spacecraft using nuclear thermal propulsion. Working as part of a team led by Lockheed Martin, BWXT Advanced Technologies LLC will complete final design of the nuclear reactor, […]
BWX Technologies to Announce Second Quarter 2023 Results on Thursday, August 3
Lynchburg, VA – June 27, 2023 – BWX Technologies, Inc. (NYSE: BWXT) will issue a press release detailing second quarter 2023 results on Thursday, August 3, 2023, after market close and will host a conference call at 5:00 p.m. EDT. Listen-only participants are encouraged to participate and view the supporting presentation via the Internet at www.bwxt.com/investors. The dial-in […]
BWX Technologies Reports First Quarter 2023 Results
Lynchburg, VA – May 8, 2023 – BWX Technologies, Inc. (NYSE: BWXT) (“BWXT”, “we”, “us” or the “Company”) reported first quarter 2023 GAAP net income attributable to BWXT of $61.1 million, or diluted earnings per share (EPS) of $0.67, on revenue of $568.4 million. First quarter 2023 non-GAAP(1) net income attributable to BWXT was $64.1 million, or $0.70 […]
BWXT Celebrates Deployment of USS Gerald R. Ford
(LYNCHBURG, Va. – May 4, 2023) – BWX Technologies, Inc. (NYSE: BWXT) and its employees are celebrating the deployment of the nuclear-powered USS Gerald R. Ford (CVN 78). BWXT congratulates the U.S. Navy on the deployment of the Gerald R. Ford and is proud to have manufactured the nuclear reactors. As the U.S. Navy has […]