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The Department of Energy in the fourth quarter of 2017 exercised an option worth more than $490 million on BWX Technologies’ [BWXT] naval nuclear propulsion parts production contract, the Lynchburg, Va.-based company announced nearly four months into 2018.“A variety of manufacturing and material procurement activities will be performed under these contracts that will primarily support Virginia-class submarine construction,” the company said Monday in a press release.BWXT's Nuclear Operations Group has long been the sole provider of nuclear naval reactors to…
