BWX Technologies’ subsidiary BWXT Nuclear Operations Group has secured new contracts with options totalling $1bn to manufacture naval nuclear reactor components for the US Navy.
The contract awarded by the US Naval Nuclear Propulsion Program is in addition to the submarine reactor component and fuel manufacturing and long-lead materials contracts announced last year.
BWXT noted that the first contract award booked in the fourth quarter of last year constitutes two-thirds of the anticipated total value.
The remaining contract option award is subject to annual Congressional appropriations and is expected later this year.
BWXT president and CEO Rex Geveden said: “We are proud to provide nuclear propulsion systems that enable US Navy sailors and aviators to protect freedom around the globe.
“We appreciate the US Navy’s continued trust in our employees and our capability to perform this important work.”
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Over the terms of the latest contract, BWXT will carry out activities related to various naval nuclear reactor component manufacturing and material procurement to support Ford-class carrier construction.
The work will be performed at BWXT Nuclear Operations Group (NOG) locations in Lynchburg in Virginia, Barberton and Euclid in Ohio, and Mount Vernon in Indiana.
Last February, BWX Technologies’ (BWXT) subsidiaries BWXT NOG and Nuclear Fuel Services signed a pricing agreement on new contracts valued at $2.1bn to manufacture naval nuclear reactor components and fuel for the US Navy.
The contracts represent an additional value of roughly $4bn in naval nuclear propulsion work, including future-year options.
BWXT has 12 operating sites in the US and Canada.