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home / news releases / BWXT - BWX Technologies awarded $28M contract for continued mobile microreactor design


BWXT - BWX Technologies awarded $28M contract for continued mobile microreactor design

BWX Technologies (BWXT) announces that it has received a $28M, 12-month contract award from the Department of Defense’s Strategic Capabilities Office ((SCO)) for the final design of a transportable microreactor prototype under the second phase of its Project Pele initiative.BWXT announced a $14M award in March 2020 for initial design under the first phase of the project.SCO is partnering with the U.S. Department of Energy to develop, prototype and demonstrate a mobile microreactor that can be used to provide resilient power needs for the DoD for a variety of operational needs.A team led by BWXT’s Advanced Technologies subsidiary will conduct the work primarily at one of its Lynchburg, Virginia locations beginning in March 2021.

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BWX Technologies awarded $28M contract for continued mobile microreactor design
Stock Information

Company Name: BWX Technologies Inc.
Stock Symbol: BWXT
Market: NYSE
Website: bwxt.com

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