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Nuclear Modernization

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

Tuesday, February 26th, 2019

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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…

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

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]

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 […]