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BWXT

BWX Technologies

$68.34 /

-0.18 (-0.26%)

13:17
02/17/20
02/17
13:17
02/17/20
13:17

BWXT awarded $1B contract for Naval Nuclear Reactor components

BWX Technologies announced that the U.S. Naval Nuclear Propulsion Program has awarded subsidiary BWXT Nuclear Operations Group new contracts with options totaling approximately $1B for the manufacture of naval nuclear reactor components. The initial contract award booked in the fourth quarter of 2019 constitutes two-thirds of the anticipated total value. The remaining contract option award is expected later this year, subject to annual Congressional appropriations. A variety of naval nuclear reactor component manufacturing and material procurement activities will be performed over the term of this contract to support Ford-class carrier construction. This work will be performed at BWXT NOG locations in Lynchburg, Virginia; Barberton and Euclid, Ohio; and Mount Vernon, Indiana. The award announced is in addition to the submarine reactor component and fuel manufacturing and long-lead materials contracts announced last year. Together, these contracts represent a total of nearly $4B in additional naval nuclear propulsion work awarded in 2019, including future-year options.

  • 25

    Feb

BWXT BWX Technologies
$68.34 /

-0.18 (-0.26%)

01/16/20 Maxim
BWX Technologies price target raised to $77 from $73 at Maxim
06/20/19 Maxim
BWX Technologies price target raised to $71 from $68 at Maxim
03/01/19
BWX Technologies cut to Underperform at BofA/Merrill on operational risks
03/01/19 BofA
BWX Technologies downgraded to Underperform from Neutral at BofA/Merrill

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