Published On: Fri, Oct 18th, 2019

BWXT bags $806m long-lead material contract from US Naval Nuclear Propulsion Program

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, a subsidiary of nuclear components and fuel supplier (BWXT), has won a contract of around $806 million from the US Naval Nuclear Propulsion Program.

The contract, which comes with options, is for the procurement of long-lead materials needed for the manufacturing of naval reactor components.

Rex Geveden – BWXT President and CEO said: “BWXT remains committed to fulfilling our mission to deliver the highest quality nuclear propulsion components to the U.S. Navy.

“This award enables us to begin critical procurements for long-lead items to meet the rising demand for naval nuclear propulsion systems.”

BWXT bags $806m long-lead material contract from US Naval Nuclear Propulsion Program

BWXT bags $806m long-lead material contract from US Naval Nuclear Propulsion Program. Image courtesy of Stuart Miles/Freedigitalphotos.net.

Earlier this year, BWX Technologies signed a price agreement with the US Naval Nuclear Propulsion Program on new contracts totaling around $2.1 billion, including future-year options. The latest procurement contract is in addition to that award and is said to offer a significant portion of the material needed for fabrication of components for the previously announced Virginia and -class submarines, and for Ford-class carrier options.

According to BWX Technologies, the base material procurement contract for fiscal year 2019 is valued at $75 million. Th and is the first of seven annual options available through 2025. The remaining six options have an average annual value of about $122 million, contingent on U.S. congressional appropriations.

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