- BWX Technologies, Inc. (NYSE:BWXT) has secured a contract from the U.S. Department of Defense (DoD) Strategic Capabilities Office (SCO) to build the first advanced nuclear microreactor in the U.S.
- BWXT Advanced Technologies LLC will build the prototype in Lynchburg, Virginia, and Euclid, Ohio, under a cost-type contract valued at around $300 million, depending on the options chosen.
- BWXT is the prime contract and integration lead, with a team including Northrop Grumman Corp (NYSE:NOC), Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD), Rolls-Royce LibertyWorks, and Torch Technologies, Inc.
- BWXT expects 120 employees working on the project over the next two years, including about 40 skilled trades, engineers, and other positions hired to support this and other projects.
- The Project Pele full-scale transportable microreactor prototype will be completed and delivered in 2024 for testing at the Idaho National Laboratory.
- Price Action: BWXT shares are trading higher by 4.47% at $53.95 on the last check Thursday.
Get all your news in one place.
100’s of premium titles.
One app.
Start reading
One app.
Get all your news in one place.
100’s of premium titles. One news app.
BWX Technologies Secures Contract To Build Nuclear Microreactor In US
BWXT
NYSE
United States
AJRD
Department of Defense
Idaho National Laboratory
NOC
Northrop Grumman Corp
Lynchburg
Ohio
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member?
Sign in here
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Our Picks