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Yahoo
5 days ago
- Business
- Yahoo
BWX Technologies (BWXT) Hits an All-Time High on Canadian Nuclear Deal
BWX Technologies, Inc. (NYSE:BWXT) is among the Best Nuclear Energy Stocks to Buy Right Now. BWX Technologies, Inc. (NYSE:BWXT) closed at its all-time high this week after it was announced that a joint venture led by the company has secured a high-value contract to manage Canadian Nuclear Laboratories. Valued at an average of C$1.2 billion annually, the contract is for six years, with possible extensions reaching up to 20 years. An aerial view of a nuclear plant, its domes casting a unique shadow. Moreover, BWX Technologies, Inc. (NYSE:BWXT) continues to expand its footprint and completed the acquisition of Kinectrics last month. The strategic move is aimed at expanding the company's capabilities, including lifecycle management, specialized plant services, and engineering, along with nearly doubling its workforce. John MacQuarrie, President of Commercial Operations of BWX Technologies, Inc. (NYSE:BWXT), stated: 'Since we announced our intention to acquire Kinectrics in January, we have been looking forward to this day, when the complementary nature of our organizations begins to take shape. From the commercial nuclear power market to medical isotopes, we are enhancing our capabilities across the board, supporting a growing nuclear new build and life extension industry in Canada and strengthening BWXT's position in the global nuclear market.' The share price of BWX Technologies, Inc. (NYSE:BWXT) has surged by over 23% since the beginning of 2025. BWX Technologies, Inc. (NYSE:BWXT) is a leading supplier of nuclear components and fuel to the US government, including the manufacturing of nuclear reactor components for US Navy submarines and aircraft carriers, and other nuclear and non-nuclear R&D and component production. While we acknowledge the potential of BWXT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and Disclosure: None.
Yahoo
5 days ago
- Business
- Yahoo
BWX Technologies (BWXT) Hits an All-Time High on Canadian Nuclear Deal
BWX Technologies, Inc. (NYSE:BWXT) is among the Best Nuclear Energy Stocks to Buy Right Now. BWX Technologies, Inc. (NYSE:BWXT) closed at its all-time high this week after it was announced that a joint venture led by the company has secured a high-value contract to manage Canadian Nuclear Laboratories. Valued at an average of C$1.2 billion annually, the contract is for six years, with possible extensions reaching up to 20 years. An aerial view of a nuclear plant, its domes casting a unique shadow. Moreover, BWX Technologies, Inc. (NYSE:BWXT) continues to expand its footprint and completed the acquisition of Kinectrics last month. The strategic move is aimed at expanding the company's capabilities, including lifecycle management, specialized plant services, and engineering, along with nearly doubling its workforce. John MacQuarrie, President of Commercial Operations of BWX Technologies, Inc. (NYSE:BWXT), stated: 'Since we announced our intention to acquire Kinectrics in January, we have been looking forward to this day, when the complementary nature of our organizations begins to take shape. From the commercial nuclear power market to medical isotopes, we are enhancing our capabilities across the board, supporting a growing nuclear new build and life extension industry in Canada and strengthening BWXT's position in the global nuclear market.' The share price of BWX Technologies, Inc. (NYSE:BWXT) has surged by over 23% since the beginning of 2025. BWX Technologies, Inc. (NYSE:BWXT) is a leading supplier of nuclear components and fuel to the US government, including the manufacturing of nuclear reactor components for US Navy submarines and aircraft carriers, and other nuclear and non-nuclear R&D and component production. While we acknowledge the potential of BWXT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and Disclosure: None. Sign in to access your portfolio
National Post
12-06-2025
- Business
- National Post
BWXT-Led Team Awarded Canadian Nuclear Laboratories Contract from Atomic Energy of Canada Limited
Article content Article content LYNCHBURG, Va. — BWX Technologies, Inc. (NYSE: BWXT) announced today an Atomic Energy of Canada Limited award for the management and operation of Canadian Nuclear Laboratories Ltd. (CNL). Article content Nuclear Laboratory Partners of Canada Inc. ( NLPC) is a Canadian joint venture that has been selected as the preferred bidder for managing CNL after a competitive procurement process that began in 2023. The NLPC team is led by three primary joint venture partners, BWXT, Kinectrics, and Amentum, and a key subcontractor, Battelle. Nuclear Laboratories Partners of Canada Inc. will assume responsibility of CNL, with Dennis Carr as president and CEO, on Sept. 13, 2025, following a transition period that will commence in the coming weeks. The contract, valued at C$1.2 billion per year on average, is for six years with extension periods that can be exercised based on performance for up to a total of 20 years. Article content BWXT's Canadian operations include operating sites in Ontario and British Columbia, employing more than 1,800 people who support the nuclear energy industry. The company is also a certified PAIR-Committed organization supporting Indigenous communities. 'BWXT is honored to lead a dedicated team that will build on decades of impressive work accomplished by the employees of CNL,' said Heatherly Dukes, president, BWXT Technical Services Group, Inc. 'Our management team looks forward to meeting the employees and union leadership of CNL when we begin our transition activities. We are also looking forward to being part of the community and getting to know local leaders and rightsholders.' Article content As Canada's premier nuclear science and technology organization, CNL is a world leader in developing nuclear technology for peaceful and innovative applications. The laboratory maintains a critical portfolio of work that includes development of clean energy sources, innovations in nuclear medicine, and restoration and protection of Canada's environment. Article content Under this new contract, CNL will specifically focus on science and technology, decommissioning and waste management, and Chalk River revitalization missions. The Chalk River Laboratories represent the largest single complex within Canada's science and technology infrastructure. The site contains several licensed nuclear facilities and more than 50 other unique facilities and laboratories. Article content Forward-Looking Statements Article content BWXT cautions that this release contains forward-looking statements, including statements relating to the performance, timing, impact and value, to the extent contract value can be viewed as an indicator of future revenues, of the contract to manage and operate Canadian Nuclear Laboratories, Ltd., future work at Canadian Nuclear Laboratories, Ltd., and the award or exercise of any contract options or orders. These forward-looking statements involve a number of risks and uncertainties, including, among other things, modification or termination of the contract and delays. If one or more of these or other risks materialize, actual results may vary materially from those expressed. For a more complete discussion of these and other risk factors, please see BWXT's annual report on Form 10-K for the year ended December 31, 2024, and subsequent quarterly reports on Form 10-Q filed with the Securities and Exchange Commission. BWXT cautions not to place undue reliance on these forward-looking statements, which speak only as of the date of this release and undertakes no obligation to update or revise any forward-looking statement, except to the extent required by applicable law. Article content About BWXT Article content At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong, Innovation Driven. BWXT is a Fortune 1000 and Defense News Top 100 manufacturing and engineering innovator that provides safe and effective nuclear solutions for global security, clean energy, environmental restoration, nuclear medicine and space exploration. With nearly 10,000 employees, BWXT and its affiliated companies have 20 major operating sites in the U.S., Canada and the U.K. In addition, BWXT joint ventures provide management and operations at more than a dozen U.S. Department of Energy and NASA facilities. For more information, visit Article content , Article content X Article content , Article content Facebook Article content and Article content Instagram Article content . Article content Article content Article content Article content Article content Contacts Article content Media Contact Article content Article content John Dobken Article content Article content Senior Manager, Media & Public Relations Article content Article content 202.428.6913 Article content jcdobken@ Article content Investor Contact Article content Article content Chase Jacobson Article content Article content Article content Article content
Yahoo
22-05-2025
- Business
- Yahoo
BWX Technologies, Inc. (BWXT) Completes $525M Acquisition of Kinectrics
BWX Technologies, Inc. (NYSE:BWXT) announced on Wednesday that it had completed the acquisition of Kinectrics, a leading service provider to the global nuclear market, in a move that is set to boost its nuclear and isotope capabilities. Kinetrics offers a wide range of nuclear power plant lifecycle support services, including expertise in CANDU reactors and solutions for the global nuclear power industry, distribution and transmission markets, and the production of isotopes for the radiopharmaceutical industry. An aerial view of a nuclear plant, its domes casting a unique shadow. Following the acquisition, Kinectrics will operate as a subsidiary of BWX Technologies, Inc. (NYSE:BWXT), which will nearly double the company's Commercial Operations group workforce and expand its portfolio of offerings for new and existing customers. The combining of both companies' strengths is also expected to enhance BWX Technologies, Inc. (NYSE:BWXT)'s overall capabilities across the board. John MacQuarrie, the President of Commercial Operations at BWXT, shared the following remarks on the strategic integration: 'From the commercial nuclear power market to medical isotopes, we are enhancing our capabilities across the board, supporting a growing nuclear new build and life extension industry in Canada and strengthening BWXT's position in the global nuclear market.' BWXT has surged by over 21% in the past 12 months. While we acknowledge the potential of BWXT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BWXT and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: ChatGPT Stock Advice: Top 12 Stock Recommendations and 10 Cheap Rising Stocks to Buy Right Now. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
BWX Technologies, Inc. (BWXT) Completes $525M Acquisition of Kinectrics
BWX Technologies, Inc. (NYSE:BWXT) announced on Wednesday that it had completed the acquisition of Kinectrics, a leading service provider to the global nuclear market, in a move that is set to boost its nuclear and isotope capabilities. Kinetrics offers a wide range of nuclear power plant lifecycle support services, including expertise in CANDU reactors and solutions for the global nuclear power industry, distribution and transmission markets, and the production of isotopes for the radiopharmaceutical industry. An aerial view of a nuclear plant, its domes casting a unique shadow. Following the acquisition, Kinectrics will operate as a subsidiary of BWX Technologies, Inc. (NYSE:BWXT), which will nearly double the company's Commercial Operations group workforce and expand its portfolio of offerings for new and existing customers. The combining of both companies' strengths is also expected to enhance BWX Technologies, Inc. (NYSE:BWXT)'s overall capabilities across the board. John MacQuarrie, the President of Commercial Operations at BWXT, shared the following remarks on the strategic integration: 'From the commercial nuclear power market to medical isotopes, we are enhancing our capabilities across the board, supporting a growing nuclear new build and life extension industry in Canada and strengthening BWXT's position in the global nuclear market.' BWXT has surged by over 21% in the past 12 months. While we acknowledge the potential of BWXT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BWXT and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: ChatGPT Stock Advice: Top 12 Stock Recommendations and 10 Cheap Rising Stocks to Buy Right Now. Disclosure: None.
