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Stock impact report

BWXT to Lead $106.6 Million Microreactor Design Project

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 it has been selected by the U.S. Department of Energy (DOE) to lead a $106.6 million microreactor development project. The DOE is contributing $85.3 million to the cost-share project over seven years, with BWXT funding the remaining amount.The company’s BANR (BWXT Advanced Nuclear Reactor) program will pursue the development of a transportable microreactor with the design focused on advanced TRISO fuel particles to achieve higher uranium loading and improved fuel utilization. TRISO refers to a specific design of uranium nuclear reactor fuel that has many operational and safety benefits.As part of the program, BWXT plans to partner with two national laboratories, Idaho National Laboratory and Oak Ridge National Laboratory, to benefit from their extensive experience and capabilities with TRISO fuel and advanced reactor development.“Today’s announcement is another contract win that highlights BW Show less Read more
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