Bwx Technologies Inc Stock Price, News & Analysis

BWX Technologies (NYSE: BWXT) has announced significant leadership changes to strengthen its nuclear operations. Kevin M. McCoy, former president of Government Operations, has been appointed as chief nuclear officer to support submarine production programs for the U.S. Navy. McCoy brings over 40 years of leadership experience, including serving as U.S. Navy chief engineer and NAVSEA commander. Joseph K. Miller, who led BWXT Advanced Technologies to achieve 10x growth in program content, succeeds McCoy as president of Government Operations. Katherine (Kate) Haggerty Kelly has been promoted to president of BWXT Advanced Technologies, bringing her expertise in space and emerging programs to the role. These strategic appointments aim to enhance BWXT's capabilities in nuclear solutions for global security, clean energy, and space exploration across its 20 major operating sites.

BWX Technologies (NYSE: BWXT) has been awarded a major contract to lead the management and operation of Canadian Nuclear Laboratories Ltd. through Nuclear Laboratory Partners of Canada Inc. (NLPC). The contract, valued at C$1.2 billion annually, has an initial term of six years with potential extensions up to 20 years based on performance. The NLPC joint venture, comprising BWXT, Kinectrics, and Amentum, with Battelle as a key subcontractor, will assume control of CNL on September 13, 2025. CNL, Canada's premier nuclear science and technology organization, focuses on developing peaceful nuclear applications, including clean energy sources, nuclear medicine innovations, and environmental protection. The Chalk River Laboratories, the largest complex within Canada's science and technology infrastructure, includes multiple licensed nuclear facilities and over 50 specialized facilities.

KINECTRICS, a division of BWXT (NYSE: BWXT), has signed a contract with HIGHVOLT to purchase 10 mobile resonant test systems (RTS), marking the largest single order for this testing technology. This multi-million-dollar investment positions KINECTRICS as the largest independent global provider of on-site high-voltage (HV) cable testing services. The expansion aims to support the growing demand in renewable energy construction projects, which is expected to quadruple the HV cables market. The company provides critical commissioning testing services for HV AC cables following IEC standards, helping identify installation-related defects and prevent costly failures. KINECTRICS leverages its 30-year expertise in field commissioning tests and maintains leadership through diagnostic technology advancements and contributions to international standards.

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) announced a leadership transition as CFO Robb A. LeMasters steps down from his position. Mike T. Fitzgerald, the current chief accounting officer, has been appointed as interim CFO. Fitzgerald, who joined BWXT in 2022, previously led MorganFranklin's aerospace and defense practice and worked at Deloitte & Touche. LeMasters served on BWXT's board from 2015-2020 before becoming CFO in 2021 and executive VP in 2024. He will continue as a special advisor during the transition. Under his tenure, BWXT achieved significant growth and shareholder returns. BWXT is a Fortune 1000 company with 8,700 employees across 15 major sites in the U.S., Canada, and U.K., focusing on nuclear solutions for security, clean energy, and space exploration.

BWXT (NYSE: BWXT) reported strong Q1 2025 financial results with revenues of $682.3 million, up 13% year-over-year. The company achieved net income of $75.5 million and diluted EPS of $0.82 (GAAP) or $0.91 (non-GAAP). Government Operations revenue increased 14% to $555.3 million, while Commercial Operations grew 10% to $128.3 million. The growth was driven by higher naval nuclear component production, special materials processing, and the A.O.T. acquisition. BWXT reaffirmed its 2025 guidance, expecting non-GAAP EPS of $3.40-$3.55. The company's pending Kinectrics acquisition remains on track to close in mid-2025, and BWXT secured a strategic land purchase in Oak Ridge, Tennessee to support the U.S. Department of Energy's National Nuclear Security Administration uranium enrichment program.

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.