BWXT Divests U.S. Nuclear Services Portfolio
BWX Technologies, Inc. (BWXT)
Last bwx technologies, inc. earnings: 2/24 04:30 pm
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Source: Business Wire
LYNCHBURG, Va.--(BUSINESS WIRE)--BWX Technologies, Inc. (NYSE: BWXT) announced today it has completed the process to divest its United States-based commercial nuclear services business to Framatome. In a cashless transaction, BWXT will receive a 118,000-square-foot manufacturing facility and the associated 11 acres of land from Framatome.“This strategic divestiture implies a sharper focus on our core government nuclear manufacturing and site operations businesses,” said Rex Geveden, BWXT’s president and chief executive officer. “Adding a premier nuclear-qualified manufacturing facility to our footprint also enables expansion into space and defense microreactors.”Under the terms of the agreement, BWXT will transition certain contracts, equipment and intellectual property to Framatome. BWXT will assume occupancy and ownership of the Framatome facility located near one of BWXT’s Virginia manufacturing sites.BWXT’s Canadian-based nuclear manufacturing and services business is not part
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News
- BWXT Announces Expansion of Cambridge Manufacturing Plant to Support Global Nuclear Power Market [Yahoo! Finance]Yahoo! Finance
- BWXT Announces Expansion of Cambridge Manufacturing Plant to Support Global Nuclear Power MarketBusiness Wire
- BWX Technologies' (NYSE:BWXT) five-year total shareholder returns outpace the underlying earnings growth [Yahoo! Finance]Yahoo! Finance
- Heartland Advisors Value Fund Sold BWX Technologies (BWXT) on Share Appreciation [Yahoo! Finance]Yahoo! Finance
- AtkinsRéalis welcomes BWXT Canada as new Canadians for CANDU ambassador [Yahoo! Finance]Yahoo! Finance
BWXT
Earnings
- 2/27/24 - Beat
BWXT
Sec Filings
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- BWXT's page on the SEC website