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BWXT Announces Hurricane Helene Relief

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BWX Technologies, Inc. (NYSE: BWXT), parent company of Nuclear Fuel Services (NFS), has announced a $100,000 donation to the Unicoi County United Way to support recovery efforts in Erwin, Tennessee following Hurricane Helene. The contribution will aid emergency response teams in providing essential supplies, medical aid, shelter, and long-term recovery services.

BWXT CEO Rex Geveden expressed solidarity with the Erwin community, where NFS has been operating since 1957. The company is also facilitating employee donations and organizing volunteer efforts to assist in the recovery process. NFS, a part of BWXT's Nuclear Operations Group, processes highly enriched uranium for naval nuclear reactors and provides uranium downblending services.

BWX Technologies, Inc. (NYSE: BWXT), società madre di Nuclear Fuel Services (NFS), ha annunciato una all'United Way della Contea di Unicoi per sostenere gli sforzi di recupero a Erwin, Tennessee, dopo l'Uragano Helene. Il contributo aiuterà le squadre di risposta all'emergenza a fornire forniture essenziali, assistenza medica, rifugio e servizi di recupero a lungo termine.

Il CEO di BWXT, Rex Geveden, ha espresso solidarietà con la comunità di Erwin, dove NFS opera dal 1957. L'azienda sta anche facilitando le donazioni dei dipendenti e organizzando sforzi di volontariato per assistere nel processo di recupero. NFS, parte del Nuclear Operations Group di BWXT, elabora uranio altamente arricchito per reattori nucleari navali e fornisce servizi di miscelazione dell'uranio.

BWX Technologies, Inc. (NYSE: BWXT), empresa matriz de Nuclear Fuel Services (NFS), ha anunciado una a United Way del Condado de Unicoi para apoyar los esfuerzos de recuperación en Erwin, Tennessee, tras el Huracán Helene. La contribución ayudará a los equipos de respuesta de emergencia a proporcionar suministros esenciales, asistencia médica, refugio y servicios de recuperación a largo plazo.

El CEO de BWXT, Rex Geveden, expresó su solidaridad con la comunidad de Erwin, donde NFS ha estado operando desde 1957. La empresa también está facilitando donaciones de empleados y organizando esfuerzos de voluntariado para ayudar en el proceso de recuperación. NFS, parte del Nuclear Operations Group de BWXT, procesa uranio altamente enriquecido para reactores nucleares navales y proporciona servicios de mezcla de uranio.

BWX Technologies, Inc. (NYSE: BWXT), Nuclear Fuel Services (NFS)의 모회사인 BWX Technologies는 테네시주 어윈에서 허리케인 헬렌 이후 복구 작업을 지원하기 위해 유니코이 카운티 유나이티드 웨이에 $100,000 기부를 발표했습니다. 이 기부는 응급 구조 팀이 필수 용품, 의료 지원, 쉼터 및 장기 복구 서비스를 제공하는 데 도움을 줄 것입니다.

BWXT의 CEO인 렉스 게베든은 NFS가 1957년부터 운영되고 있는 어윈 지역 사회와의 연대감을 표명했습니다. 회사는 직원들이 기부하도록 돕고 자원봉사 활동을 조직하여 복구 과정에 기여하고 있습니다. NFS는 BWXT의 원자력 운영 그룹의 일부분으로, 해군 핵 반응로용 고농축 우라늄을 처리하고 우라늄 혼합 서비스를 제공합니다.

BWX Technologies, Inc. (NYSE: BWXT), la société mère de Nuclear Fuel Services (NFS), a annoncé un à United Way du comté d'Unicoi pour soutenir les efforts de récupération à Erwin, Tennessee, suite à l'ouragan Helene. Ce don aidera les équipes de réponse d'urgence à fournir des fournitures essentielles, une aide médicale, un abri et des services de récupération à long terme.

Le PDG de BWXT, Rex Geveden, a exprimé sa solidarité avec la communauté d'Erwin, où NFS opère depuis 1957. L'entreprise facilite également les dons des employés et organise des efforts de bénévolat pour aider dans le processus de récupération. NFS, qui fait partie du Nuclear Operations Group de BWXT, traite de l'uranium hautement enrichi pour les réacteurs nucléaires navals et fournit des services de mélange d'uranium.

BWX Technologies, Inc. (NYSE: BWXT), Muttergesellschaft von Nuclear Fuel Services (NFS), hat eine an die United Way des Unicoi County angekündigt, um die Wiederherstellungsbemühungen in Erwin, Tennessee, nach dem Hurrikan Helene zu unterstützen. Der Beitrag wird den Notfallteams helfen, essentielle Materialien, medizinische Hilfe, Unterkunft und langfristige Wiederherstellungsdienste bereitzustellen.

BWXT-CEO Rex Geveden drückte seine Solidarität mit der Gemeinde Erwin aus, in der NFS seit 1957 tätig ist. Das Unternehmen erleichtert auch die Spenden von Mitarbeitern und organisiert Freiwilligenaktivitäten zur Unterstützung des Wiederherstellungsprozesses. NFS, ein Teil der Nuclear Operations Group von BWXT, verarbeitet hochangereicherten Uran für marine Kernreaktoren und bietet Uran-Mischdienste an.

Positive
  • BWXT demonstrates corporate social responsibility with a $100,000 donation for hurricane relief
  • The company is facilitating additional employee donations and organizing volunteer efforts
  • BWXT reaffirms its long-term commitment to the Erwin community where it has operated since 1957
Negative
  • None.

Insights

BWXT's $100,000 donation to Unicoi County United Way demonstrates a strong commitment to corporate social responsibility and community support. This timely response to Hurricane Helene's impact showcases the company's ability to rapidly mobilize resources for disaster relief. The donation will likely enhance BWXT's reputation locally and potentially improve employee morale.

However, the financial impact on BWXT, with a market cap of over $10 billion, is minimal. While commendable, this donation is unlikely to significantly affect the company's financial performance or stock price. The long-term presence of Nuclear Fuel Services in Erwin since 1957 underscores BWXT's deep community ties, which could contribute to operational stability and local goodwill.

Investors should view this as a positive sign of BWXT's corporate culture and risk management practices, particularly in maintaining strong community relations in areas where they operate critical facilities. This proactive approach to community support may help mitigate potential operational risks associated with local opposition or regulatory challenges.

$100,000 Contribution Underscores Community Commitment

LYNCHBURG, Va.--(BUSINESS WIRE)-- BWX Technologies, Inc., the parent company of Nuclear Fuel Services (NFS), today announced a $100,000 donation to the Unicoi County United Way to support the recovery efforts underway in the Erwin, Tennessee community. This contribution will directly support emergency response teams on the ground, helping to provide essential supplies, medical aid, shelter and long-term recovery services to those affected by this devastating event.

“The entire BWXT employee community has been saddened by the tragedy from the historic level of flooding in the Erwin community caused by Hurricane Helene,” said Rex Geveden, president and chief executive officer. “We believe in the strength of the community and are here to assist our employees and neighbors across the Erwin community as they begin the long road to recovery. NFS has been a proud part of the community since 1957, and will be here now and through the future.”

This donation is just one part of BWXT’s ongoing efforts to support disaster relief and rebuilding initiatives. In addition to this immediate financial donation, BWXT is providing avenues for employees and others to donate directly to the relief fund and is organizing volunteer efforts to assist in the recovery process.

About NFS

Nuclear Fuel Services, Inc. (NFS) processes highly enriched uranium to manufacture fuel material for all naval nuclear reactors used in U.S. submarines and aircraft carriers. It also provides uranium downblending services to support commercial power needs and national security missions. NFS is a BWX Technologies, Inc. company and is a part of its BWXT Nuclear Operations Group, Inc. subsidiary.

About BWXT

At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong, Innovation Driven. A U.S.-based company, BWXT is a Fortune 1000 and Defense News Top 100 manufacturing and engineering innovator that provides safe and effective nuclear solutions for global security, clean energy, environmental restoration, nuclear medicine and space exploration. With approximately 7,800 employees, BWXT has 14 major operating sites in the U.S., Canada and the U.K. In addition, BWXT joint ventures provide management and operations at a dozen U.S. Department of Energy and NASA facilities. For more information, visit www.bwxt.com. Follow us on LinkedIn, X, Facebook and Instagram.

Media Contact

Suzy Sterner

Senior Vice President & Chief Corporate Affairs Officer

202-641-7152 ssterner@bwxt.com

Source: BWX Technologies, Inc.

FAQ

How much did BWXT (NYSE: BWXT) donate for Hurricane Helene relief efforts?

BWXT donated $100,000 to the Unicoi County United Way to support recovery efforts in Erwin, Tennessee following Hurricane Helene.

What additional support is BWXT providing for Hurricane Helene relief?

BWXT is providing avenues for employees to donate directly to the relief fund and is organizing volunteer efforts to assist in the recovery process.

How long has Nuclear Fuel Services (NFS), a BWXT company, been operating in Erwin, Tennessee?

Nuclear Fuel Services (NFS) has been operating in Erwin, Tennessee since 1957.

What services does Nuclear Fuel Services (NFS) provide as part of BWXT?

NFS processes highly enriched uranium to manufacture fuel material for naval nuclear reactors and provides uranium downblending services for commercial power and national security missions.

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