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Navy Nuke Biz Insulates BWXT From Worst of Virus Ills

Dan Leone By
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Navy Nuke Biz Insulates BWXT From Worst of Virus Ills

Insulated from the worst of the COVID-19 pandemic by its big government contracts and a bread-and-butter nuclear-Navy business that never shuts down, BWX Technologies [BWXT] posted a modest uptick in both profit and revenue for the second quarter of 2020. Overall, the company’s quarterly net income rose $5 million to about $64 million, or 67 cents a share, from about $59 million, or 62 cents a share, a year ago.  “The core Navy franchise continued to beat our internal expectations…

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