Bwx Technologies Inc Stock Price, News & Analysis

BWX Technologies (NYSE: BWXT) has completed its acquisition of Kinectrics, Inc. on May 20, 2025. The strategic acquisition significantly enhances BWXT's capabilities in the commercial nuclear power market and medical isotopes sector. Kinectrics provides nuclear power plant lifecycle support services, particularly for CANDU reactors, and serves the transmission and distribution markets along with radiopharmaceutical isotope production.

The acquisition nearly doubles BWXT's Commercial Operations group workforce and expands its product and service portfolio. Kinectrics will operate as a BWXT subsidiary within the Commercial Operations segment, with David Harris continuing as president & CEO, reporting to BWXT Commercial Operations president John MacQuarrie.

BWX Technologies (NYSE: BWXT) has acquired 97 acres in Oak Ridge, Tennessee's Horizon Center Industrial Park, advancing its commitment to rebuild domestic uranium enrichment capabilities. The strategic acquisition supports the U.S. Department of Energy's National Nuclear Security Administration (NNSA) and the deployment of Domestic Uranium Enrichment Centrifuge Experiment (DUECE) technology.

The project aims to establish advanced centrifuge manufacturing capabilities and specialized support services, projected to create hundreds of jobs over the next decade and generate millions in investments. BWXT received a year-long engineering contract in August 2024 to evaluate options for deploying a centrifuge pilot plant.

This initiative addresses a critical national security need, as the U.S. Government currently lacks uranium enrichment capabilities for defense missions. The DUECE program, developed by Oak Ridge National Laboratory, seeks to establish a reliable domestic supply of enriched uranium for national security requirements.

BWX Technologies (NYSE: BWXT) and APTIM Federal Services have formed Strategic Storage Partners, to manage and operate the U.S. Strategic Petroleum Reserve. The contract, valued at approximately $2.6 billion over 10 years, includes a five-year base period and a five-year option.

The scope encompasses operating and maintaining the reserve's facilities and systems, implementing quality control measures, and developing innovative operational approaches. The Strategic Petroleum Reserve, with an authorized storage capacity of 714 million barrels, is the world's largest emergency crude oil supply, stored in underground salt caverns across Louisiana and Texas sites.

The reserve serves as a important component in protecting U.S. economic and security interests, particularly during petroleum supply disruptions and fulfilling International Energy Program obligations.

APTIM and BWX Technologies (BWXT) have secured a significant $1.4 billion contract from the US Department of Energy to manage and operate the Strategic Petroleum Reserve (SPR). The joint venture, operating as Strategic Storage Partners, , will begin managing SPR operations on June 15 for a five-year term, with potential for an additional five-year extension.

The SPR, currently holding 714 million barrels of emergency crude oil, represents the world's largest emergency oil supply. The reserve's facilities are strategically located in underground salt caverns across Texas and Louisiana's Gulf Coast. Its primary mission is to safeguard US petroleum supplies during emergencies and maintain the country's commitments to the International Energy Program.

BWX Technologies (NYSE: BWXT) has scheduled its first quarter 2025 earnings release for Monday, May 5, 2025, after market close, followed by a conference call at 5:00 p.m. EDT. Investors can access the presentation through investors.bwxt.com, with dial-in numbers (U.S.) 1-888-596-4144 and (International) 1-646-968-2525 (conference ID: 8426324).

BWXT is a Fortune 1000 and Defense News Top 100 company headquartered in Lynchburg, Virginia, specializing in nuclear solutions for global security, clean energy, environmental restoration, nuclear medicine, and space exploration. The company employs approximately 8,700 people across 15 major operating sites in the U.S., Canada, and the U.K., with additional joint ventures managing U.S. Department of Energy and NASA facilities.

BWX Technologies (NYSE: BWXT) has unveiled its new BWXT Innovation Campus, a 170,000 square-foot facility in Lynchburg, Virginia, dedicated to advancing nuclear technology for land, sea, and space applications. The campus houses BWXT's Advanced Technologies business unit with over 350 team members.

The facility, supported by up to $2 million in local and state tax grants, has already exceeded its employment targets with 115 new hires against a goal of 97. BWXT has invested $51 million in the site through 2024, with $227,000 received in tax incentives.

Key projects at the campus include the Project Pele mobile microreactor for the Department of Defense, the DARPA DRACO nuclear thermal rocket engine program, and the BWXT Advanced Nuclear Reactor (BANR). BWXT has signed a letter of intent with Tata Chemicals to explore deploying up to eight BANRs at a Wyoming mining site.