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BWX Technologies, Inc. - BWXT STOCK NEWS

Welcome to our dedicated page for BWX Technologies news (Ticker: BWXT), a resource for investors and traders seeking the latest updates and insights on BWX Technologies stock.

BWX Technologies, Inc. (BWXT) is a premier provider of nuclear components and fuel to the U.S. government. The company is renowned for its technical expertise, management, and site services, supporting government operations of complex facilities and environmental remediation activities. BWXT also plays a critical role in the commercial nuclear power industry, offering precision-manufactured components and specialized services.

Headquartered in Lynchburg, Virginia, BWXT has a significant presence with operations in Erwin, Tennessee; Mount Vernon, Indiana; Euclid, Ohio; Barberton, Ohio; Cambridge, Ontario, Canada; and over a dozen U.S. Department of Energy sites around the country. It employs more than 5,200 skilled professionals dedicated to advancing nuclear technology and safety.

BWXT operates in two main segments: Government Operations and Commercial Operations. The Government Operations segment encompasses the legacy Nuclear Operations Group and Nuclear Services Group, focusing on advanced reactor projects and innovative manufacturing techniques. The Commercial Operations segment includes the legacy Nuclear Power Group, which engages in research, development, and commercialization of medical and industrial radioisotopes and radiopharmaceuticals.

The company’s financial health is robust, with a majority of its revenue generated from its Government Operations segment. BWXT’s strategic partnerships and projects aim to enhance its market presence and technological capabilities. Geographically, while the company operates in the United States, Canada, and the United Kingdom, the bulk of its revenue comes from the United States.

Recent achievements highlight BWXT's commitment to innovation and excellence. The company continues to secure significant contracts, invest in cutting-edge technologies, and expand its services in the nuclear sector. These efforts underscore BWXT’s pivotal role in both government and commercial nuclear projects.

News

BWX Technologies to Host Investor Day on February 28, 2024

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BWX Technologies, Inc. (NYSE: BWXT) will host an Investor Day on February 28, 2024, at the New York Stock Exchange. The event will feature presentations by President & CEO Rex D. Geveden and CFO Robb A. LeMasters, followed by a live Q&A session. The webcast, replay, and presentation slides will be available on BWXT’s Investor Relations website.
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BWXT Medical Expands Collaboration with Fusion Pharmaceuticals Through Strengthened Actinium Supply and Access to Generator Technology

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Fusion Pharmaceuticals Inc. (Nasdaq: FUSN) and BWXT Medical Ltd. have entered an agreement for the supply of generators to produce actinium-225, a medical isotope used in cancer treatment clinical trials. The agreement allows Fusion to access high-specific activity generator technology to produce actinium-225 at its GMP manufacturing facility, supporting the company's advancing pipeline of targeted alpha therapies.
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Fusion Pharmaceuticals Strengthens Actinium Supply with Onsite Isotope Production through Expanded BWXT Medical Collaboration

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Fusion Pharmaceuticals Inc. (Nasdaq: FUSN) and BWXT Medical Ltd. have entered into a new agreement for the supply of generators to produce actinium-225, a medical isotope used to treat cancer in clinical trials. This collaboration enables Fusion to produce high purity actinium-225 at the Company's GMP manufacturing facility, further solidifying BWXT Medical's position as a global leader in medical isotope supply. Actinium-225 is an alpha-emitting isotope used in Fusion's targeted alpha therapies (TATs) to kill cancer cells while minimizing the impact to healthy tissues. The agreement allows Fusion to have onsite production of actinium-225, providing superior flexibility in manufacturing schedules and increased capacity to support the clinical pipeline.
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BWXT Selected as Nuclear Fuel and Component Manufacturer for Air Force Research Laboratory’s JETSON Program

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BWXT Technologies, Inc. (NYSE: BWXT) has been chosen as the nuclear fuel and components manufacturer for the Air Force Research Laboratory’s JETSON program. This program aims to advance high-power nuclear electric power and propulsion technologies for spacecraft design, offering 6-20 kWe of electricity, four times more than traditional solar arrays without continuous sunlight. BWXT will work with Lockheed Martin and Space Nuclear Power Corporation to lead manufacturing and testing activities, supporting design and system integration.
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BWX Technologies Reports Third Quarter 2023 Results

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BWX Technologies, Inc. reported 3Q23 revenues of $590.0 million, net income of $60.4 million, and adjusted EBITDA of $106.5 million. The company signed multiple agreements to progress microreactor development for commercial applications. They narrowed their 2023 non-GAAP EPS guidance to $2.90-$2.95 and provided preliminary 2024 guidance for mid-single-digit growth in non-GAAP EPS and adjusted EBITDA.
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BWXT Announces $300 Million Contract for Naval Nuclear Reactor Fuel

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BWXT subsidiary Nuclear Fuel Services, Inc. has been awarded a $300 million contract to manufacture naval nuclear reactor fuel for the U.S. Naval Nuclear Propulsion Program. The contract includes fuel for submarines and aircraft carriers, including the Navy's Columbia-class submarines. The work is expected to be completed by mid-2025.
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BWX Technologies to Announce Third Quarter 2023 Results on Wednesday, November 1

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BWX Technologies, Inc. to release Q3 2023 results on November 1, 2023, after market close. Conference call at 5:00 p.m. EDT. Replay available on website.
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BWXT, Crowley Debut Nuclear Power Generation Vessel Concept

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Crowley and BWX Technologies team up to develop a ship concept for alternative energy generation
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Crowley, BWXT Debut Nuclear Power Generation Vessel Concept

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Global shipping leader Crowley teams up with nuclear power leader BWX Technologies to develop ships with microreactors for alternative, zero-carbon emission energy supply. This move marks Crowley's entry into the nuclear energy sector and supports the U.S. Department of Energy's goals. The new vessel concept will enable power supply to remote locations, military bases, and disaster-stricken areas. The ship will feature a modular reactor between 5 and 50 megawatts and shallow draft hulls for strategic power delivery.
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BWXT Awarded Contract to Evaluate Microreactor Deployment for State of Wyoming

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BWX Technologies signs a two-phase contract with the Wyoming Energy Authority to assess the viability of small-scale nuclear reactors in the state.
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FAQ

What is the current stock price of BWX Technologies (BWXT)?

The current stock price of BWX Technologies (BWXT) is $113.28 as of December 20, 2024.

What is the market cap of BWX Technologies (BWXT)?

The market cap of BWX Technologies (BWXT) is approximately 10.3B.

What does BWX Technologies, Inc. (BWXT) specialize in?

BWXT specializes in providing nuclear components and fuel to the U.S. government, supporting complex facility operations, and offering services to the commercial nuclear power industry.

Where is BWXT headquartered?

BWXT is headquartered in Lynchburg, Virginia.

How many employees does BWXT have?

BWXT employs more than 5,200 professionals.

What are the main segments BWXT operates in?

BWXT operates in two main segments: Government Operations and Commercial Operations.

Which segment contributes the most to BWXT's revenue?

The Government Operations segment contributes the most to BWXT's revenue.

Where does BWXT have significant operations?

BWXT has significant operations in Virginia, Tennessee, Indiana, Ohio, and Ontario, as well as at over a dozen U.S. Department of Energy sites.

What are BWXT's recent achievements?

BWXT has secured significant contracts, invested in advanced technologies, and expanded its services in the nuclear sector.

What industries does BWXT serve?

BWXT serves the government, commercial nuclear power, medical, and industrial sectors.

Does BWXT operate internationally?

Yes, BWXT operates in the United States, Canada, and the United Kingdom, with the majority of its revenue coming from the United States.

What kind of services does BWXT provide?

BWXT provides technical, management, and site services for complex facility operations and environmental remediation, along with precision manufacturing for commercial nuclear power.

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BWX Technologies, Inc.

NYSE:BWXT

BWXT Rankings

#841 Ranked by Market Cap
#1887 Ranked by Dividends

BWXT Stock Data

10.27B
91.10M
0.38%
93.33%
1.45%
Aerospace & Defense
Engines & Turbines
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United States of America
LYNCHBURG