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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.

Overview

BWX Technologies Inc is a specialty manufacturer and service provider focused on nuclear components and technologies, operating in both the government and commercial sectors. The company is known for its in-depth expertise in nuclear components, advanced manufacturing, and nuclear operations. Its well-established operations cater to complex nuclear facility requirements and technical services for environmental remediation, underscoring its balanced portfolio in innovative manufacturing and technical support.

Business Segments

BWX Technologies Inc functions through two primary segments:

  • Government Operations: This segment encompasses longstanding nuclear operations and nuclear services. It is pivotal in supplying nuclear components and technical support to government agencies, particularly within the U.S., ensuring safe and effective management of nuclear facilities. The government segment also integrates research and development focused on advanced reactors and modern manufacturing techniques.
  • Commercial Operations: Dedicated to the commercial nuclear power industry, this segment focuses on supplying precision manufactured components coupled with research and development in the domain of medical and industrial radioisotopes and radiopharmaceuticals. It bridges the gap between industrial applications and technology-driven innovations.

Operational Footprint

The company’s operations are marked by a broad geographic footprint that spans major industrial bases in the United States, Canada, and the United Kingdom. Its facilities, situated in diverse locations such as Virginia, Tennessee, Indiana, Ohio, and other key areas, underscore a strategic distribution that supports both governmental and commercial clientele. This widespread presence enhances its ability to serve critical national infrastructure needs and cater to specialized industrial requirements.

Technology and Research

Investing in research and development is a cornerstone of BWX Technologies Inc's strategy. With initiatives that target advanced reactor designs and innovative manufacturing processes, the company strives to constantly improve safety, efficiency, and performance in nuclear applications. Its R&D efforts in generating medical and industrial radioisotopes further exemplify its capacity to translate technological innovations into practical solutions.

Products and Services

The company provides an integrated suite of products and services including precision-manufactured nuclear components, technical and management support, and specialized solutions for the operation of complex facilities. Its expertise extends to environmental remediation activities related to nuclear operations, highlighting a commitment to both operational excellence and environmental responsibility.

Industry Position and Competitive Differentiation

Within the competitive landscape of nuclear technology and services, BWX Technologies Inc differentiates itself through a unique blend of legacy operational experience and ongoing innovation. The company maintains a robust relationship with government agencies through longstanding contracts and mission-critical services, while also engaging with the commercial sector through technology-driven enhancements in manufacturing and radiopharmaceuticals. This dual focus not only reinforces its market position but also fosters a diversified approach to addressing the multifaceted challenges of the nuclear industry.

Corporate Expertise and Value Proposition

BWX Technologies Inc is renowned for its technical precision, comprehensive service offerings, and operational expertise. Its value is derived from a deep understanding of nuclear engineering and the specific needs of its government and commercial clients, making it a trusted partner in the management and operation of complex nuclear facilities. The company's meticulous approach to safety and quality, supported by rigorous standards and continuous improvement processes, further underscores its commitment to providing reliable and advanced nuclear solutions.

Conclusion

In summary, BWX Technologies Inc stands as an authoritative entity within the nuclear industry, providing specialized components and sophisticated technical services. Whether it is through the supply of nuclear components, management of nuclear critical infrastructure, or development of cutting-edge research in nuclear technologies, the company consistently demonstrates expertise and operational excellence. It remains a critical player whose extensive operational reach and diversified service portfolio position it as a significant contributor to both national security and industrial innovation.

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BWX Technologies, Inc. has announced a contract with TerraPower to design the Intermediate Heat Exchanger for the Natrium Demonstration Project. The Natrium technology is a 345-megawatt sodium fast reactor coupled with a molten salt-based integrated energy storage system. The work will be performed by BWXT Canada Ltd. in Cambridge, Ontario. This contract strengthens BWXT's position in the global advanced reactor market and supports the supply of clean energy in North America.
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BWXT (NYSE: BWXT) to provide key components for DARPA's DRACO program, demonstrating nuclear thermal propulsion for spacecraft. The nuclear reactor and fuel will enable faster transit times and safer propulsion using High Assay Low Enriched Uranium (HALEU) fuel. The spacecraft is targeted for a 2027 launch from Earth.
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BWX Technologies has secured a landmark contract with the U.S. Department of Energy valued at up to $45 billion over 10 years for environmental management operations at the Hanford Site in Washington. This contract, known as the Hanford Integrated Tank Disposition Contract (ITDC), is deemed the largest single contract award in the company's history. It involves a joint venture that includes BWXT and other companies, focusing on the complex task of radioactive waste cleanup. The award highlights BWXT's commitment to environmental stewardship and efficient operations. The scope of work includes managing tank farm facilities and other critical services. However, the company has cautioned that performance and future revenues depend on various risks and uncertainties, urging stakeholders not to rely solely on the contract value as an indicator of future results.

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BWX Technologies, Inc. (NYSE: BWXT) has announced a significant $428 million contract awarded to its subsidiary, Nuclear Fuel Services, Inc. (NFS), by the National Nuclear Security Administration (NNSA). This five-year contract involves the purification and conversion of highly enriched uranium (HEU) and is vital for U.S. national security operations. NFS will set up a new process line at its Erwin, Tennessee facility to execute this contract, following a successful $57.5 million Phase I contract initiated in 2021. The NNSA aims to utilize NFS's services while modernizing its Y-12 National Security Complex. BWXT remains optimistic about meeting the contract's rigorous requirements, focusing on safety and quality.

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BWX Technologies, Inc. (NYSE: BWXT) will release its first quarter 2023 results on May 8, 2023, after market close, followed by a conference call at 5:00 p.m. EDT. Investors can participate via a listen-only format and view a supporting presentation on the company’s website. For dial-in participation, the U.S. number is 1-833-470-1428 and the international number is 1-929-526-1599 with access code 698120. BWXT, a Fortune 1000 and Defense News Top 100 company, is headquartered in Lynchburg, Virginia. It specializes in nuclear solutions for security, clean energy, and environmental restoration with approximately 7,000 employees and 14 operating sites across the U.S., Canada, and the U.K.

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BWX Technologies (NYSE: BWXT) announced a significant engineering contract with GE Hitachi Nuclear Energy for the BWRX-300 small modular reactor (SMR) reactor pressure vessel (RPV). The RPV, crucial for the reactor core, will undergo engineering analysis, design support, and manufacturing preparations. This contract highlights BWXT's engineering strengths and supports increasing interest in SMR development across North America and Europe. The BWRX-300 is projected to have lower capital costs per MW compared to other SMR designs, enhancing its market viability. Forward-looking statements caution about potential risks like project delays and modifications.

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BWX Technologies, Inc. (BWXT) reported Q4 2022 diluted GAAP EPS of $0.47, down 63% from $1.26 a year ago, with revenue of $624.2 million, a 5% increase year-over-year. For the full year, GAAP EPS decreased by 20% to $2.60, while adjusted EBITDA rose to $439.4 million. Operating cash flow for 2022 was $244.7 million. The company declared a quarterly cash dividend increase to $0.23 per share, payable on March 28, 2023. Despite solid results, labor market challenges are expected to hinder growth in 2023. BWXT's 2023 guidance estimates revenue of ~$2.4 billion and adjusted EBITDA of ~$475 million.

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FAQ

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

The current stock price of Bwx Technologies (BWXT) is $101.9 as of April 2, 2025.

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

The market cap of Bwx Technologies (BWXT) is approximately 9.1B.

What is the core business of BWX Technologies Inc?

BWX Technologies Inc specializes in manufacturing nuclear components and providing technical services for both government and commercial nuclear applications.

What are the main business segments of the company?

The company operates primarily in two segments: Government Operations, which focuses on nuclear services and component supply for governmental agencies, and Commercial Operations, which caters to the nuclear power and radiopharmaceutical industries.

How does BWX Technologies Inc generate revenue?

Revenue is generated through a mix of long-term contracts with government agencies and commercial engagements, alongside technical services and specialized manufacturing of nuclear components.

Which industries does BWX Technologies Inc serve?

BWX Technologies Inc serves the nuclear industry, covering both government and defense sectors as well as the commercial nuclear power industry, including medical and industrial applications.

How does the company support government operations?

The company supports government operations by supplying nuclear components, providing technical and management services, and engaging in environmental remediation activities related to nuclear facility operation.

What role does research and development play at BWX Technologies Inc?

R&D is integral to the company’s strategy, with efforts directed towards advancing reactor technologies, modernizing manufacturing processes, and developing medical and industrial radioisotopes.

How does BWX Technologies Inc differentiate itself within the nuclear industry?

It differentiates itself through a balanced approach combining legacy operational expertise in government services with innovative commercial solutions and continuous R&D to enhance technology and safety standards.

Where are the primary operations of BWX Technologies Inc located?

The company operates across multiple key regions, primarily in the United States and Canada, with a strategic presence in areas known for heavy industrial and nuclear facility operations, as well as select operations in the United Kingdom.
Bwx Technologies Inc

NYSE:BWXT

BWXT Rankings

BWXT Stock Data

9.09B
91.01M
0.4%
94.87%
1.43%
Aerospace & Defense
Engines & Turbines
Link
United States
LYNCHBURG