BWXT Selected for Nuclear Fuel Deconversion Award by U.S. Department of Energy
BWX Technologies, Inc. (NYSE: BWXT) announced that its subsidiary, Nuclear Fuel Services, Inc. (NFS), has been selected by the U.S. Department of Energy (DOE) as one of the successful bidders for High-Assay Low-Enriched Uranium (HALEU) deconversion services. This selection is aimed at supporting the civil advanced reactor marketplace.
The contract is an indefinite-delivery, indefinite-quantity agreement, with future orders to be solicited by the DOE from the awarded companies, including NFS. The minimum ordering guarantee for this contract is set at $2 million. The DOE is expected to release additional information about this award on October 8 at 5:30 p.m. E.T.
BWX Technologies, Inc. (NYSE: BWXT) ha annunciato che la sua sussidiaria, Nuclear Fuel Services, Inc. (NFS), è stata selezionata dal Dipartimento dell'Energia degli Stati Uniti (DOE) come uno dei vincitori per i servizi di deconversione dell'uranio altamente arricchito e a bassa concentrazione (HALEU). Questa selezione mira a supportare il mercato dei reattori civili avanzati.
Il contratto è un accordo di consegna indefinita e quantità indefinita, con ordini futuri che saranno richiesti dal DOE alle aziende aggiudicatarie, inclusa NFS. Il valore minimo garantito per questo contratto è fissato a 2 milioni di dollari. Si prevede che il DOE rilasci ulteriori informazioni su questo premio l'8 ottobre alle 17:30 E.T.
BWX Technologies, Inc. (NYSE: BWXT) anunció que su subsidiaria, Nuclear Fuel Services, Inc. (NFS), ha sido seleccionada por el Departamento de Energía de los EE.UU. (DOE) como uno de los licitadores exitosos para los servicios de deconversión de Uranio de Bajo Enriquecimiento y Alta Ley (HALEU). Esta selección tiene como objetivo apoyar el mercado de reactores avanzados civiles.
El contrato es un acuerdo de entrega indefinida y cantidad indefinida, con futuros pedidos que serán solicitados por el DOE a las empresas adjudicadas, incluida NFS. La garantía de pedido mínimo para este contrato se fija en 2 millones de dólares. Se espera que el DOE publique información adicional sobre este premio el 8 de octubre a las 5:30 p.m. E.T.
BWX Technologies, Inc. (NYSE: BWXT)는 그 자회사인 Nuclear Fuel Services, Inc. (NFS)가 미국 에너지부(DOE)에 의해 고농축 저농축 우라늄(HALEU) 재전환 서비스의 성공적인 입찰자로 선정되었다고 발표했습니다. 이 선정은 민간 고급 원자로 시장을 지원하기 위한 것입니다.
계약은 무기한 납품 및 무제한 수량 계약이며, DOE는 NFS를 포함한 수여 기업에 대해 향후 주문을 요청할 예정입니다. 이 계약의 최소 주문 보장은 200만 달러로 설정되어 있습니다. DOE는 10월 8일 오후 5시 30분 E.T.에 이 수상에 대한 추가 정보를 공개할 것으로 예상됩니다.
BWX Technologies, Inc. (NYSE: BWXT) a annoncé que sa filiale, Nuclear Fuel Services, Inc. (NFS), a été sélectionnée par le Département de l'Énergie des États-Unis (DOE) comme l'un des soumissionnaires retenus pour les services de déconversion de l'uranium à faible enrichissement et à haute concentration (HALEU). Cette sélection vise à soutenir le marché des réacteurs civils avancés.
Le contrat est un accord de livraison indéfinie et de quantité indéfinie, avec des commandes futures devant être sollicitées par le DOE auprès des entreprises retenues, y compris NFS. La garantie de commande minimale pour ce contrat est fixée à 2 millions de dollars. Le DOE devrait publier des informations supplémentaires sur cette attribution le 8 octobre à 17h30 E.T.
BWX Technologies, Inc. (NYSE: BWXT) hat bekannt gegeben, dass ihre Tochtergesellschaft, Nuclear Fuel Services, Inc. (NFS), vom U.S. Department of Energy (DOE) als einer der erfolgreichen Bieter für Dienstleistungen zur Dekonversion von hochangereichertem, niedrig-angereichertem Uran (HALEU) ausgewählt wurde. Diese Auswahl soll den Markt für zivile fortschrittliche Reaktoren unterstützen.
Der Vertrag ist eine Vereinbarung über unbestimmte Lieferung und unbestimmte Menge, wobei zukünftige Bestellungen vom DOE bei den ausgewählten Unternehmen, einschließlich NFS, angefragt werden. Die Mindestbestellgarantie für diesen Vertrag beträgt 2 Millionen Dollar. Es wird erwartet, dass das DOE am 8. Oktober um 17:30 Uhr E.T. weitere Informationen über diese Auszeichnung veröffentlicht.
- BWXT's subsidiary NFS selected for DOE contract for HALEU deconversion services
- Minimum ordering guarantee of $2 million
- Potential for future orders through indefinite-delivery, indefinite-quantity contract
- None.
Insights
This contract award represents a significant opportunity for BWXT to expand its role in the advanced nuclear fuel cycle. The selection for HALEU deconversion services positions the company at the forefront of supporting next-generation reactor technologies. HALEU fuel, enriched between
The indefinite-delivery, indefinite-quantity nature of the contract provides flexibility but also uncertainty in terms of total contract value. The
Investors should monitor future DOE solicitations under this contract to gauge the potential long-term impact on BWXT's financials. While not immediately transformative, this positions BWXT well in a strategic growth area of the nuclear industry.
The contract award to BWXT's subsidiary NFS is a positive development, albeit with immediate financial impact. The
The HALEU market is expected to expand significantly as advanced reactor designs progress towards commercialization. This contract positions BWXT to capture a share of this emerging market. While the near-term revenue impact may be minimal, the long-term potential could be substantial if BWXT secures a significant portion of future DOE orders.
Investors should view this as a strategic win that enhances BWXT's competitive position in the nuclear fuel cycle. It diversifies the company's revenue streams and aligns with the broader trend towards advanced nuclear technologies. The stock may see a modest positive reaction, but significant financial impact will depend on future order volumes under this contract framework.
This is an indefinite-delivery, indefinite-quantity contract where future orders will be solicited by DOE from those who received awards, including NFS. The minimum ordering guarantee is
The DOE is scheduled to release more information about this award today, Oct. 8, at 5:30 p.m. E.T.
Forward Looking Statements
BWXT cautions that this release contains forward-looking statements, including statements relating to the performance, scope and timing of the contract for High-Assay Low-Enriched Uranium (HALEU) deconversion services. These forward-looking statements involve a number of risks and uncertainties, including, among other things, modification or termination of the contract, delays or other difficulties in the commencement or execution of the contract, the expected duration of the contract, any changes to government appropriations for the contract and the fact that the contract is an indefinite-delivery, indefinite-quantity contract where future orders will be solicited by DOE from those who received awards. If one or more of these or other risks materialize, actual results may vary materially from those expressed. For a more complete discussion of these and other risk factors, please see BWXT’s annual report on Form 10-K for the year ended December 31, 2023 and subsequent reports on Form 10-Q filed with the Securities and Exchange Commission. BWXT cautions not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and undertakes no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.
About NFS
Nuclear Fuel Services, Inc. (NFS) processes highly enriched uranium to manufacture fuel material for all naval nuclear reactors used in
About BWXT
At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong, Innovation Driven. A
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Media Contact
Chris Dumond
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434.522.5015 cmdumond@bwxt.com
Investor Contact
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Vice President, Investor Relations
980.365.4300 investors@bwxt.com
Source: BWX Technologies, Inc.
FAQ
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