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BWXT Awarded $806M Contract to Support U.S. Naval Nuclear Propulsion Program; Rex Geveden Quoted

BWXT Awarded $806M Contract to Support U.S. Naval Nuclear Propulsion Program; Rex Geveden Quoted - top government contractors - best government contracting event
Rex Geveden
BWXT Awarded $806M Contract to Support U.S. Naval Nuclear Propulsion Program; Rex Geveden Quoted - top government contractors - best government contracting event
Rex Geveden

BWX Technologies announced on Thursday that the U.S. Naval Nuclear Propulsion Program has awarded the company's subsidiary, BWXT Nuclear Operations Group, a potential $806M contract to support the U.S. Navy's program and to procure long-lead materials required for the manufacture of naval reactor components.

The base material procurement contract for fiscal year 2019 is valued at $75M and is the first of seven annual options available through 2025. The remaining six options have an average annual value of about $122M, contingent on U.S. congressional appropriations.

“BWXT remains committed to fulfilling our mission to deliver the highest quality nuclear propulsion components to the U.S. Navy,“ said Rex Geveden, president and CEO at BWXT. “This award enables us to begin critical procurements for long-lead items to meet the rising demand for naval nuclear propulsion systems.“

About BWXT

Headquartered in Lynchburg, Va., BWX Technologies, Inc. (NYSE: BWXT) is a leading supplier of nuclear components and fuel to the U.S. government; provides technical and management services to support the U.S. government in the operation of complex facilities and environmental remediation activities; and supplies precision manufactured components, services and fuel for the commercial nuclear power industry. With approximately 6,350 employees, BWXT has 11 major operating sites in the U.S. and Canada.

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Written by William McCormick

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