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Stock impact report

Department of Energy Selects BWXT to Support Nonproliferation Fuel Program

BWX Technologies, Inc. (BWXT) 
Last bwx technologies, inc. earnings: 2/24 04:30 pm Check Earnings Report
US:NYSE Investor Relations: investors.bwxt.com
Company Research Source: Business Wire
LYNCHBURG, Va.--(BUSINESS WIRE)--BWX Technologies, Inc. (NYSE: BWXT) announced today that the U.S. Department of Energy’s National Nuclear Security Administration (NNSA) has awarded an initial $3.6 million contract to the BWXT Nuclear Operations Group, Inc. subsidiary as the manufacturer of a uranium-molybdenum alloy High Assay Low Enriched Uranium (U-Mo HALEU) fuel that will facilitate the conversion of high-performance U.S. research reactors from the current use of high-enriched uranium.The contract funds engineering work for the decommissioning and refurbishment of portions of the Lynchburg, Virginia, facility for future production of U-Mo HALEU.Research reactors are used to perform critical science experiments for the advancement of nuclear physics, engineering, nuclear chemistry, materials science, biology and medicine. Although these high-performance research reactors currently rely on high-enriched uranium as fuel, BWXT has been working independently and in concert with NNS Show less Read more
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