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BWXT Announces $3.1 Billion in Contracts for Naval Nuclear Reactor Components and Fuel

BWXT, -0.54% announced today that the U.S. Naval Nuclear Propulsion Program has awarded two of its subsidiaries contracts with options totaling approximately $3.1 billion for the manufacture of naval nuclear reactor components and fuel.

The reactor components contracts were awarded to BWXT Nuclear Operations Group, Inc. (BWXT NOG), and the naval nuclear fuel contracts were awarded to Nuclear Fuel Services, Inc. (NFS). Approximately $1.2 billion of this award has been received in 2016, with the bulk of the remaining contract awards expected to be received in 2017 and 2018, subject to annual Congressional appropriations.

A variety of naval nuclear reactor manufacturing activities will be performed at BWXT NOG under these contracts that will primarily support Ford-class carrier construction, Nimitz-class carrier refueling, Virginia-class submarine construction, and preliminary Ohio-class submarine replacement work.

At NFS, the primary scope of work includes the manufacture and delivery of fuel and support activities for the U.S. Naval Nuclear Propulsion Program, as well as development of material for future Naval Reactors programs.

The reactor component work to be completed under these contracts will be conducted at BWXT’s locations in Lynchburg, Va.; Barberton and Euclid, Ohio; and Mount Vernon, Ind. The fuel work will be...