BWXT wins $189M contract for U.S. naval nuclear reactor fuel

BWX Technologies, Inc. (NYSE: BWXT) has been awarded a contract valued at approximately $189 million to manufacture nuclear reactor fuel for the U.S. Naval Nuclear Propulsion Program, according to a company statement.

The work will be performed by BWXT subsidiary Nuclear Fuel Services, Inc., based in Erwin, Tennessee. The contract covers the manufacture and delivery of fuel used to power submarines and aircraft carriers in the U.S. Navy fleet, including Ohio, Virginia, Seawolf, Los Angeles and Columbia-class submarines, as well as Nimitz and Ford-class aircraft carriers. Work is scheduled for completion in August 2027.

Howard Markle, president of BWXT's Nuclear Operations Group, said in the statement: "This contract underscores the Navy's confidence in our decades of disciplined performance and our role in delivering the fuel that enables unmatched endurance, mobility and mission readiness across the fleet."

The Nuclear Fuel Services facility processes highly enriched uranium and has been involved in manufacturing nuclear fuel for the U.S. Navy for more than 60 years. It is licensed by the Nuclear Regulatory Commission as a Category 1 nuclear facility.

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