BWXT Subsidiary Awarded $128 Million in Contract Options from Naval Nuclear Propulsion Program
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 that the U.S. Naval Nuclear Propulsion Program exercised contract options in Q1 2020 with BWXT’s subsidiary Nuclear Fuel Services, Inc. (NFS) totaling approximately $128 million for fuel manufacturing work in support of the nation’s nuclear submarines and aircraft carriers.NFS is a subsidiary of BWXT Nuclear Operations Group, Inc. (NOG), which provides a complete range of nuclear components and services, including the manufacture of nuclear reactor components for U.S. Navy submarines and aircraft carriers, and other nuclear and non-nuclear research and development, and component production.Work under this 12-month contract is expected to begin later this year.“NFS is proud to support the needs of the U.S. Navy,” said John A. Stewart, NFS president. “Our workforce is dedicated to providing fuel and services of the highest quality to support the men and women charged with our country’s defense effor
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