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BWXT Has Strong Quarter, Sees ‘Robust’ Opportunities From Oak Ridge Land Purchase

Sarah Salem Sarah Salem
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Earnings rose at BWX Technologies [BWXT] in the first quarter, which the company partly attributed to the National Nuclear Security Administration’s intent to award it a sole source contract for an advanced uranium enrichment project. “We had another quarter of strong commercial backlog growth and see robust opportunities for growth in our government markets, highlighted by our recent land purchase to support the National Nuclear Security Administration’s [NNSA] domestic uranium enrichment program,” Rex Geveden, CEO of BWXT, said in the…

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