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Nuclear Modernization

BWXT Gets $800M+ Contract to Begin Early Work on Reactor Components for Nuke Subs, Carrier

Dan Leone By
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BWXT Gets $800M+ Contract to Begin Early Work on Reactor Components for Nuke Subs, Carrier
Close up illustration of atomic particle for nuclear energy imagery

BWX Technologies [BWXT] said Thursday it has received a contract to procure long-lead components for U.S. Navy nuclear-powered submarines and aircraft carriers, which including options is worth $806 million over seven years. The contract awarded by the National Nuclear Security Administration (NNSA), the semi-autonomous Department of Energy nuclear-weapons agency, has a one-year base period worth about $75 million, plus six one-year options that on average are each worth $122 million. Work under the contract began in 2019 and with options…

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