Author: Nichols Martin|| Date Published: February 28, 2018
A BWX Technologies (NYSE: BWXT) subsidiary has received $492 million in contract options to produce components for the U.S. Navy‘s Naval Nuclear Propulsion Program.
BWXT Nuclear Operations Group will primarily manufacture nuclear reactor systems for the Virginia-class attack submarines under the exercised options, the company said Monday.
Work will occur at the company’s facilities in Virginia, Ohio and Indiana.
The company expects the service branch to award additional options within the year.
BWXT has developed and produced nuclear technology platforms since the 1950s, including those used for the USS Nautilus,and submarines under the Ohio, Virginia, Seawolf and Los Angeles classes.
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A BWX Technologies (NYSE: BWXT) subsidiary has received $492 million in contract options to produce components for the U.S. Navy‘s Naval Nuclear Propulsion Program.
