BWXT Bags C$40M Contract To Supply Heat Exchangers

BWX Technologies Inc BWXT received a contract from Bruce Power valued at ~C$40 million to supply four moderator heat exchangers.
Subsidiary BWXT Canada Ltd. will execute the contract at its Cambridge, Ontario facility, which involves the engineering and fabrication of these specialized components.
Engineering work has commenced, with fabrication expected to start later this year. The first two moderator heat exchangers will be delivered in 2024, with the remaining two units in 2025.
Price Action: BWXT shares closed at $54.88 on Wednesday.