NFS


Associated tags: Uranium, NFS, BWX Technologies, Manufacturing, Nimitz, BWXT, Seawolf, Nuclear navy, Naval Reactors, Life, NYSE, Ford, Engineering, Maritime, Energy, Defense, Military, Gas, Oil, Other Manufacturing, Nuclear, Transport

BWXT Subsidiary Awarded $122 Million Contract Extension for Uranium Downblending Services

Retrieved on: 
Wednesday, February 14, 2024
Aerospace, Manufacturing, Other Energy, Nuclear, Utilities, Other Defense, Defense, Alternative Energy, Contracts, Energy, Engineering, LEU, TVA, Tennessee Valley, Uranium, BWX Technologies, Form 10-K, BWXT, HEU, Annual report, Government, NNSA, Enriched uranium, NFS, Unitary state, Security (finance), Risk, Uranium mining

BWX Technologies, Inc. (NYSE: BWXT) today announced that its Nuclear Fuel Services, Inc. (NFS) subsidiary was awarded a $122 million contract extension from the Tennessee Valley Authority (TVA) for the downblending of highly enriched uranium (HEU) into low enriched uranium (LEU).

Key Points: 
  • BWX Technologies, Inc. (NYSE: BWXT) today announced that its Nuclear Fuel Services, Inc. (NFS) subsidiary was awarded a $122 million contract extension from the Tennessee Valley Authority (TVA) for the downblending of highly enriched uranium (HEU) into low enriched uranium (LEU).
  • Under this contract, NFS will continue to provide downblending services to the TVA in support of the National Nuclear Security Administration’s (NNSA) defense programs objectives.
  • This contract extension continues the current downblending operations from July 2025 to June 2027.
  • “This contract extension also enables operations and engineering continuity with our uranium conversion and purification contract with NNSA.”
    Downblending is a process in which HEU is mixed with natural uranium resulting in LEU needed for various commercial and national defense purposes.

BWXT Announces $300 Million Contract for Naval Nuclear Reactor Fuel

Retrieved on: 
Tuesday, October 24, 2023
Manufacturing, Maritime, Air, Transport, Nuclear, Other Manufacturing, Oil, Gas, Military, Defense, Energy, Engineering, Nimitz, Ford, NYSE, Life, Naval Reactors, Nuclear navy, Seawolf, BWX Technologies, BWXT, Uranium mining

Naval Nuclear Propulsion Program contract totaling approximately $300 million for the manufacture of naval nuclear reactor fuel.

Key Points: 
  • Naval Nuclear Propulsion Program contract totaling approximately $300 million for the manufacture of naval nuclear reactor fuel.
  • Under this contract, BWXT subsidiary Nuclear Fuel Services, Inc., located in Erwin, Tennessee, will manufacture and deliver fuel for the Naval Reactors Program.
  • BWXT fuel and reactors power the U.S. Navy’s Ohio, Virginia, Seawolf and Los Angeles class submarines, as well as the Nimitz and Ford class aircraft carriers.
  • When production of fuel is complete, it is shipped to BWXT’s facility near Lynchburg, Virginia for final installation into the naval reactors that BWXT manufactures.