BWXT - BWX Technologies nabs $2.2B contracts from U.S. Navy for naval nuclear reactor components & fuel

BWX Technologies (BWXT) announces that it has received ~$2.2B , including future-year options contract award from the U.S. Naval Nuclear Propulsion Program for the manufacture of naval nuclear reactor components and fuel.The initial contracts has been awarded in the 1Q 2021 and will constitute ~ half of the $2.2B, further the contract options are subject to annual Congressional appropriations and constitute the remainder of the total value.Under the contract, Columbia and Virginia-class naval nuclear reactor component manufacturing and material procurement activities will be performed at BWXT Nuclear Operations Group locations in Lynchburg, Virginia; Barberton and Euclid, Ohio; and Mount Vernon, Indiana over an 8-year period beginning in 2021, including future year options, valued at ~$1.8B.The balance contract work of manufacture and delivery of fuel and support activities for the U.S. Naval Nuclear Propulsion Program, as well as development work for future Naval Reactors programs – will be performed by Nuclear Fuel Services in Erwin, Tennessee.

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BWX Technologies nabs $2.2B contracts from U.S. Navy for naval nuclear reactor components & fuel