The new contract options have a total combined value of approximately $141.7m and will see NFS perform fuel production, development activities and decommissioning work in support of the country’s nuclear submarines and aircraft carriers.
Work under the current contracts has already begun, with the majority slated for completion by the end of the year.
NFS president Joel W. Duling said: “NFS is dedicated to providing fuel and services of the highest quality to the US Navy.
“Our entire workforce understands the significance of the work performed at NFS, and we take a lot of pride in the fact that our mission plays a key role in our country’s defence efforts.”
NFS has been the sole manufacturer of nuclear fuel for the entire fleet of the US Navy's nuclear-powered aircraft carriers and submarines since 1964.
The company has a full-time workforce of approximately 1,000 employees, including long-term contractors and security personnel.
Two of BWX Technologies’ subsidiaries secured new contracts with options totalling approximately $3.1bn from the US Naval Nuclear Propulsion Programme in April last year, for the manufacture of naval nuclear reactor components and fuel.
The contracts for the development of reactor components were awarded to BWXT Nuclear Operations Group, while the naval nuclear fuel production contracts were secured by NFS.