:

Nuclear Modernization

BWXT’s 2018 Earnings Soar on Sub Business; Company Getting Colder Feet on Follow-on Missile Tube Work

Tuesday, February 26th, 2019

SHARE:

BWXT’s 2018 Earnings Soar on Sub Business; Company Getting Colder Feet on Follow-on Missile Tube Work

BWX Technologies [BWXT] said Monday it capped 2018 with better than 50 percent earnings growth after clinching more nuclear naval, environmental cleanup, and uranium downblending work from the Department of Energy. Company-wide net earnings came in at over $225 million in 2018, up more than 50 percent from just under $150 million in 2017. Management reported $2.27 in earnings per share in 2018, up from $1.49 year-over-year. Total company revenue in 2018 was about $1.8 billion, rising than 6.5 percent from…

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

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 […]

Congress

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 […]

Congress

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 […]