BWX receives $34.5 million in US Navy contracts

BWX Technologies Inc. (BWXT) was awarded approximately $34.5 million from the U.S. Naval Reactors Program for the manufacture of components for submarine and aircraft carrier nuclear reactors, the company announced Tuesday.

"We are very pleased to receive these contract awards and add to our backlog of work,” BWXT President and CEO Peyton Baker said. “We continue to stay focused on operating safely and delivering the quality products that our customer demands."

The company states that it's the only manufacturer for the naval nuclear program's reactors and has been manufacturing components as far back as the 1950s for the USS Nautilus, the first nuclear-powered submarine. Among the financing announced today, $9.4 million came as a result of continuations of earlier contracts and approximately $25.1 million was established through new contracts.
   
Reactors that were manufactured by the company are used in Ohio, Virginia, Los Angeles and Seawolf class submarines. They are also used on the USS Nimitz and the USS Gerald R. Ford aircraft carriers.

The company states that it is a leading supplier of nuclear fuel and components to the U.S. government while providing management, technical and site services.