Search

BWXT Chief Doesn’t Foresee Earnings Hit Over Botched Missile Tubes

BWXT Chief Doesn’t Foresee Earnings Hit Over Botched Missile Tubes
Rex Geveden, CEO of BWX Technologies. (Photo: BWX Technologies)

Botched welding jobs on 12 missile tubes for the Navy’s next-generation ballistic-missile submarine should not materially affect tube-vendor BWX Technologies’ [BWXT] bottom line this year, the company’s chief executive said Tuesday.However, it is “too early to tell” whether the gaffe will prevent BWX Technologies (BWXT) from winning more business with the Navy’s Columbia-class submarine prime contractor General Dynamics [GD] Electric Boat (GDEB), Rex Geveden, BWXT’s chief executive officer, said on a conference call with investor analysts. Geveden said he expected…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.



Congress Updates

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]


Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]


CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]


Fischer Says Golden Dome Boosters Need To Increase Capitol Hill Support With Information, Warns Against Counting On Reconciliation

NATIONAL HARBOR, Md. – A Senate Armed Services panel chair today said boosters of the Golden Dome program still have work to do to increase support on Capitol Hill while […]