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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…

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

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Army

Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”

Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]