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Business/Financial

Earnings Up at BWXT But Tough Competition, Staff Ramp-Up On Uranium Work Slow Government Ops Growth

Defense Daily Staff

Tuesday, May 7th, 2024

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Earnings Up at BWXT But Tough Competition, Staff Ramp-Up On Uranium Work Slow Government Ops Growth

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Earnings rose at BWX Technologies [BWXT] in the first quarter, during which the company said Monday it cranked out more naval-nuclear components but made less money on government business overall as it bulked up its workforce. Work is beginning under subsidiary contracts with the Tennessee Valley Authority and the National Nuclear Security (NNSA) Administration, company executives said on the call, and so BWX Technologies has been hiring and training workers to downblend uranium under the Tennessee Valley Authority deal and…

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