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Business/Financial

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

Tuesday, August 7th, 2018

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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…

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