BWXT Announces $2.6Bn in Contracts for Naval Nuclear Reactor Components

BWX Technologies, Inc. (NYSE: BWXT) announced today the award of U.S. Naval Nuclear Propulsion Program contracts totaling approximately $2.6 billion, including future year options, for manufacturing naval nuclear reactor components. The contracts primarily support Virginia and Columbia-class submarines as well as some work for certain Ford-class aircraft carrier components. Products contracted with these awards will be delivered during the next six to eight years.

“The BWXT team is proud to produce this essential hardware that allows the U.S. Navy to carry out its critical national security mission,” said Gary Camper, BWXT’s Nuclear Operations Group president. “That commitment to quality is the legacy that comes from our more than 70 years of service to the Navy.”

A naval nuclear reactor is a highly complex assembly requiring several large, heavy components, numerous smaller, finely machined components, and highly enriched uranium fuel. BWXT manufactures and assembles these parts into a naval nuclear reactor. BWXT facilities in Ohio, Indiana, Tennessee and Virginia contribute to the process.

These contracts build on the $2.1 billion in awards announced in February.