Nuclear, On-Site Power, Reactors

BWXT, U.S. Navy Agree on $2.1B Nuclear Propulsion Deal

Subsidiaries of BWX Technologies Inc. have agreed on nuclear reactor components and fuel deals with the U.S. Navy totaling $2.1 billion.

BWXT Nuclear Operations Group and Nuclear Fuel Services reached price agreements with the U.S. Naval Nuclear Propulsion Program. The bulk of the contract awards will occur in the first quarter.

“We are exceedingly pleased to continue supporting the Navy’s shipbuilding plans,” said BWXT President and CEO  Rex D. Geveden. “This work is the centerpiece of our nuclear national security portfolio and reflects our position as a trusted supplier for these critical systems.”

A variety of naval nuclear reactor component manufacturing and material procurement activities performed over the term of these contracts will primarily support Virginia-class and Columbia-class submarine construction at BWXT NOG locations in Lynchburg, Virginia; Barberton and Euclid, Ohio; and Mount Vernon, Indiana. Including future year options, this work is valued at more than $1.7 billion.

The balance of the work–manufacture and delivery of fuel and support activities for the U.S. Naval Nuclear Propulsion Program, as well as development work for future Naval Reactors programs–will be performed at NFS in Erwin, Tennessee.

Additional proposal actions are underway for components for the second carrier in the U.S. Navy’s plans to procure two Ford-class aircraft carriers in a single purchase. That pricing agreement is anticipated later this year.

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Nuclear energy and On-site power are both content offerings at the POWERGEN International conference and exhibition November 19-21 in New Orleans. The call for abstracts is still open and accessible here.