Hello, Guest!
  • Friday, April 26, 2024

BWXT Reaches $2.1B Price Agreement for Nuclear Reactor, Fuel Production


Two BWX Technologies (NYSE: BWXT) subsidiaries have reached new agreements worth $2.1B combined to manufacture nuclear reactor components and fuel products for the U.S. Navy.

BWXT Nuclear Operations Group and Nuclear Fuel Services will also provide support services to the U.S. Naval Nuclear Propulsion program, the company said Monday.

Efforts under the contracts are intended to support construction of the Navy’s Columbia- and Virginia-class submarines at various facilities in Virginia, Ohio and Indiana.

The company expects the military service to award the initial contracts in the first quarter of this year and exercise options next year.

Both parties also began negotiations on a separate pricing agreement for the supply of Ford-class aircraft carrier components.

Video of the Day

Related Articles

Senate Confirms Mara Karlin as DOD Strategy Lead Executive Moves

Senate Confirms Mara Karlin as DOD Strategy Lead

Mara Elizabeth Karlin, principal deputy assistant secretary for international security affairs at the Defense Department, was confirmed by the Senate to serve as DOD’s assistant secretary for strategy, plans and capabilties. Senators approved the nomination by voice vote Monday, following a series of congressional events that took place since the White House announced President Joe

Express Scripts to Manage TRICARE Pharmacy Benefits Under $4.3B DHA Contract News

Express Scripts to Manage TRICARE Pharmacy Benefits Under $4.3B DHA Contract

Express Scripts has secured a potential multi-year $4.3 billion contract to help the Defense Health Agency manage pharmacy benefit-related activities across all 50 states; Washington, D.C; Guam; Puerto Rico; and the Virgin Islands. The company will provide management services in support of the TRICARE Pharmacy Benefit Program, which delivers prescription drugs to beneficiaries through mail

DOD Secretary Lloyd Austin Inks Implementation Plan for Electromagnetic Spectrum Strategy News

DOD Secretary Lloyd Austin Inks Implementation Plan for Electromagnetic Spectrum Strategy

Defense Secretary Lloyd Austin has signed a plan designed to guide the military’s implementation activities aimed at ensuring U.S. electromagnetic spectrum advantage and providing warfighters with “freedom of action” in the EMS. The Department of Defense said Thursday its operations in air, land, maritime, space and cyberspace domains rely on EMS and the 2020 Electromagnetic