BWXT - BWX Technologies' subsidiary nabs $35M in contracts under two programs

BWX Technologies' (BWXT) Nuclear Operations subsidiary received $35M in contracts under two separate programs - uranium recovery and conversion as well as construction of a new research reactor fuel line.The U.S. Naval Nuclear Propulsion Program has awarded BWXT NOG a $17.4M contract for uranium recovery and conversion; additional option is expected to be awarded later 2021.Work commenced at the facility in January 2021 and is expected to be completed by June 2022.U.S. Department of Energy's National Nuclear Security Administration awarded a $17.9M contract to BWXT NOG to complete the second phase of the construction of a new research reactor fuel line BWXT earlier announced.

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BWX Technologies' subsidiary nabs $35M in contracts under two programs