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BWXT Announces $2.1 Billion in Contracts for Naval Nuclear Reactor Components

1. BWXT secures $2.1 billion contracts for U.S. Naval Nuclear Propulsion Program. 2. Contracts involve manufacturing components for submarines and aircraft carriers, boosting revenue.

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FAQ

Why Very Bullish?

The $2.1 billion contracts significantly enhance BWXT's revenue prospects, similar to past contracts that positively impacted stock prices.

How important is it?

The awarded contracts are pivotal for BWXT’s business model and growth trajectory, signaling strong government partnerships.

Why Long Term?

These contracts ensure steady revenue and growth opportunities over several years, akin to previous long-term contracts awarded to BWXT.

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LYNCHBURG, Va.--(BUSINESS WIRE)--BWX Technologies, Inc. (NYSE: BWXT) today announced the award of U.S. Naval Nuclear Propulsion Program contracts totaling approximately $2.1 billion for the manufacture of reactor components. Naval nuclear reactor component manufacturing and material procurement activities for Columbia and Virginia class submarines, as well as Ford class aircraft carriers, will be performed at BWXT Nuclear Operations Group, Inc. locations in Lynchburg, Virginia; Barberton and Eu.

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