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Navy Biz Insulates BWXT From Worst of Pandemic Ills; Partial Va. Sub Order Suits Company Fine, CEO Says

Dan Leone By
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Navy Biz Insulates BWXT From Worst of Pandemic Ills; Partial Va. Sub Order Suits Company Fine, CEO Says

Insulated from the worst of the COVID-19 pandemic by its large government contracts and a bread-and-butter nuclear Navy business that didn’t shut down in the spring, BWX Technologies [BWXT] posted a modest uptick in both profit and revenue for the second quarter of 2020. Quarterly net income rose $5 million to about $64 million, or $0.67 per share, from about $59 million, or $0.62 per share, a year ago.  “The core Navy franchise continued to beat our internal expectations through…

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