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Business/Financial

BWXT Says $2 Billion in Naval Reactor Contracts Coming

Monday, February 11th, 2019

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BWXT Says $2 Billion in Naval Reactor Contracts Coming

USS Washington (SSN 787), a Virginia-class submarine, completing initial sea trials. (Photo: Huntington Ingalls Industries)

BWX Technologies [BWXT] expects to finalize some $2 billion in nuclear naval nuclear propulsion contracts in the first quarter of 2019, the Lynchburg, Va., company said Monday before financial markets opened. BWX Technologies’ Nuclear Operations Group and Nuclear Fuel Services "reached price agreements" on Naval Nuclear Propulsion Program contracts worth a combined $2.1 billion, with options, according to a press release. The Nuclear Operations Group award is for nuclear reactor components, while the other award is for nuclear fuel. The company…

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