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Business/Financial

BWXT Earnings Rise in 2023, Fourth Quarter; DoE Award a ‘Wild Card’

Defense Daily Staff

Wednesday, February 28th, 2024

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BWXT Earnings Rise in 2023, Fourth Quarter; DoE Award a ‘Wild Card’

Earnings rose at BWX Technologies [BWXT] for 2023, which the maker of nuclear naval reactors and manager of nuclear weapons sites attributed Tuesday mostly to favorable adjustments on government contracts. For the year, net earnings were $246.3 million, or $2.68 per share, up about 7.7% from $238.6 million, or $2.60 a share in 2023. Annual revenue for 2023 was about $2.5 billion, up around 12% from some $2.23 billion in 2022, according to the company’s latest earnings press release. Fourth-quarter…

Congress

With $1.5 Trillion Request, Army, Air Force, Navy’s Unfunded Lists Focus Solely On MILCON Projects

With the Trump administration’s push to massively increase defense spending to $1.5 trillion in fiscal year 2027, the Army, Air Force and Navy have eschewed submitting large unfunded priorities lists […]

Unmanned Systems

Bipartisan House Bill Would Give National Guard To Counter-Drone Authorities

Seeking to close gaps that may arise between state and local law enforcers in different jurisdictions, a bipartisan contingent of House members this week introduced a bill that would allow […]

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]