The US Naval Nuclear Propulsion Program has exercised contract options with BWX Technologies subsidiary Nuclear Fuel Services (NFS) worth more than $151m.
NFS will be responsible for fuel manufacture, development activities, and decommissioning work in support of the country’s nuclear submarines and aircraft carriers.
The contract options were awarded in the fourth quarter of last year.
While work on the projects has already started, a large portion of activities is slated to be completed during this year.
NFS president Joel W Duling said: “Our employees work hard every day to ensure the US Navy’s nuclear-powered fleet has fuel of the highest quality to successfully achieve its missions around the world.”
In the first quarter of last year, the US Naval Nuclear Propulsion Program exercised contract options with NFS with a total value of approximately $141.7m for the work on the nuclear submarines and aircraft carriers.
Since 1964, the BWX Technologies subsidiary has been serving as the only sole manufacturer of nuclear fuel for the US Navy aircraft carriers and submarines.
The company employs approximately 1,000 people, including long-term contractors and security personnel.
Based in Lynchburg, Virginia, US, BWX Technologies is a major supplier of nuclear components and fuel to the US Government. It delivers technical and management services to support the government in its operation of complex facilities and environmental remediation activities.