BPMI Receives $889M in Navy Contracts for Nuclear Propulsion Component Production

The U.S. Navy has awarded Bechtel Plant Machinery Inc. a pair of cost-plus-fixed-fee contracts worth $889 million in total for naval nuclear propulsion components.

The first contract is worth $706 million while the second is valued at $183 million, with both having an expected completion date of September 2033, the Department of Defense said Thursday.

Both contracts were issued on a sole-source basis and have Naval Sea Systems Command as their contracting activity.

BPMI’s work on the U.S. naval nuclear propulsion program is supported by high-performance materials producer ATI (NYSE: ATI), with whom the Bechtel National Inc. subsidiary signed a contract in September for advanced manufacturing capabilities.

The contract involves ATI establishing an additive manufacturing facility outside Fort Lauderdale in Florida, which is set to come online by mid-2024.

According to BPMI President and General Manager Barb Staniscia, “Additive manufacturing offers tremendous advantages to our Program, including accelerating ship construction, improving operational readiness, reducing costs, and an increase in warfighting capability.”

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