BWX Technologies Secures Contract To Build Nuclear Microreactor In US

BWX Technologies, Inc. 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 NOC, Aerojet Rocketdyne Holdings, Inc. 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.