A BWX TechnologiesÂ (NYSE: BWXT) subsidiary has received $492 million in contract options to produce components for theÂ U.S. Navy‘sÂ Naval Nuclear Propulsion Program.
BWXT Nuclear Operations Group will primarily manufacture nuclear reactor systems for theÂ Virginia-class attack submarines under the exercised options, the companyÂ said Monday.
Work will occur at the company’s facilities in Virginia, Ohio and Indiana.
The company expects the service branch to award additional options within the year.
BWXT has developed and produced nuclear technology platforms since the 1950s, including those used for the USS Nautilus,and submarines under theÂ Ohio, Virginia, Seawolf and Los Angeles classes.
Military and civilian personnel help design, build and maintain the country’sÂ nuclear-powered vessels and supporting facilities through NNPP.