Archive

BWX Technologies

A manufacturer of naval nuclear reactors and components, and a major supplier of enriched uranium products and services to the U.S. government.

  • COVID-19 Cramped Columbia Sub Missile Tube Work, Navy Says

    Due to the COVID-19 pandemic, vendors to Columbia-class prime General Dynamics Electric Boat might be a few months late delivering missile tubes for the next-generation ballistic missile submarine, the Navy’s program executive officer said Monday. “[T]hat did hit us hard on the missile tubes, to the extent of probably a couple months delay in the […]

  • Energy Dept. Considers On-Site Disposal of Hanford Vitrified Low-Activity Waste

    The Department of Energy indicated in a draft report issued Tuesday that vitrified low-activity waste at the Hanford Site in Washington state can be disposed of at the facility, rather than requiring transfer to another location. Conversion of low-activity waste from Hanford’s 177 underground storage tanks into a glass form for disposal is expected to […]

  • Pair of Bid Protests Filed Over Hanford Tank Closure Contract

    Two runners-up for a potential $13 billion tank closure contract at the Energy Department’s Hanford Site in Washington state filed protests Wednesday with the Government Accountability Office (GAO). Hanford Tank Closure Co. and Tank Closure Partnership LLC both objected to DOE’s May 14 award to Hanford Works Restoration, which is comprised of BWX Technologies, Fluor, […]

  • Two Bid Protests Filed Over Hanford Tank Closure Contract

    Two runners-up for a potential $13 billion tank closure contract at the Energy Department’s Hanford Site in Washington state filed protests Wednesday with the Government Accountability Office (GAO). Hanford Tank Closure Co. and Tank Closure Partnership LLC both objected to DOE’s May 14 award to Hanford Works Restoration, which is comprised of BWX Technologies, Fluor, […]

  • Energy Dept. Not Ready to Pinpoint Return to Full Los Alamos Cleanup

    Bare-bones staffing for nuclear cleanup at the Los Alamos National Laboratory (LANL) in New Mexico won’t be lifted before May 31, a Department of Energy official said last week. The stay-at-home order from New Mexico Gov. Michelle Lujan Grisham (D) remains in effect until that date, Thomas Johnson Jr., the DOE Office of Environmental Management’s […]

  • WIPP Shipments Dwindle in Opening Months of 2020

    The Energy Department’s Waste Isolation Pilot Plant (WIPP) in New Mexico received 47 shipments of transuranic waste during the first four months of 2020. That is down from 83 for the same period in 2019, according to the Energy Department’s public database for the waste disposal facility. In late March, WIPP reduced operations due to […]

  • No New COVID-19 Cases at Nuclear Fuel Services

    Nuclear Fuel Services has not tracked any new cases of COVID-19 among its workforce since an outbreak in mid-April sickened multiple employees at its Erwin, Tenn., uranium-processing plant, a spokesperson said Thursday morning. The BWX Technologies subsidiary “has had no new cases of COVID-19 among our employees,” the spokesperson said by email. “Those affected are […]

  • Debriefings Might Give Rise to Hanford Tank Contract Challenge

    There’s a good chance of a protest against the recent win by a BWX Technologies team of an Energy Department contract for radioactive waste tank closure at the Hanford Site in Washington state, two industry sources said this week. One one source said he would expect a challenge if for no other reason that one […]

  • Energy Department Outlines Goals for Savannah River Lab Contract

    The Energy Department anticipates the Savannah River National Laboratory in South Carolina will be better able to “engage with the research community” by having a its own operations contract, according to documents recently posted online. The slides used for an April 28 virtual online meeting on the draft request for proposals for the potential 10-year, […]

  • No New COVID-19 Cases at Nuclear Fuel Services

    Nuclear Fuel Services has not tracked any new cases of COVID-19 among its workforce since an outbreak in mid-April sickened multiple people at its Erwin, Tenn., uranium-processing plant, a spokesperson said Thursday morning. The BWX Technologies subsidiary “has had no new cases of COVID-19 among our employees,” the spokesperson said by email. “Those affected are […]

  • Subcontractor Employee Marks Second Confirmed COVID-19 Case at WIPP

    The Energy Department’s Waste Isolation Pilot Plant (WIPP) in New Mexico on Monday reported its second confirmed case of COVID-19. An employee of subcontractor Constructors Inc. received a positive test for the novel coronavirus 2019 on Friday, DOE and WIPP prime Nuclear Waste Partnership said in a Facebook post. The worker developed symptoms, which can […]

  • Debriefings Planned for Bidders on Hanford Tank Contract

    The Department of Energy could hold virtual debrief sessions this week for bidders on the Hanford Site Tank Closure Contract just awarded to a team led by BWX Technologies. The sessions should happen Thursday and Friday, an industry source said Monday. During these briefings, DOE explains the thinking behind a contract award. Those companies then […]

  • Justice Department to Review Certain Fluor Records

    Fluor on April 30 received a Justice Department subpoena seeking various documents relating to charges reported by the company during the second quarter of 2019, according to a May 8 filing with the Securities and Exchange Commission. The SEC in February launched an investigation into Fluor’s financial reporting and accounting during 2019. The Justice Department […]

  • New Mexico Seeks to Revisit 2016 Los Alamos Cleanup Agreement

    The New Mexico Environment Department (NMED) plans talks this summer with the Department of Energy on potential modifications to a 2016 legal agreement over nuclear cleanup at the Los Alamos National Laboratory (LANL). The 2016 consent decree revamped a prior 2005 deal between NMED and the federal agency on cleanup of contamination left from Manhattan […]

  • BWXT-Led Team Wins Potential $13B Hanford Tank Contract

    A team led by BWX Technologies is the winner of the Energy Department’s Tank Closure Contract at the Hanford Site in Washington state. The DOE’s Office of Environmental Management announced the $13 billion contract award Thursday to Hanford Works Restoration. Along with Lynchburg, Va.-based BWXT, the other members of the team are Texas-based companies Fluor […]

  • Defense Business Powers BWXT Through Pandemic in 1Q

    BWX Technologies brought in $542 million in first-quarter 2020 revenue, 30% more than the $416 million generated during the first three months of 2019. Net income for the period ended March 31 amounted to $75.5 million, $0.79 per diluted share, a significant year-over-year jump from $49 million, $0.51 per diluted share, the Lynchburg, Va.-based company […]

  • Wrap Up: Feds Renew $14.4M Grant for WIPP-Area Monitoring by New Mexico State University

    The Energy Department’s Office of Environmental Management is renewing a $14.4 million grant for New Mexico State University to continue environmental monitoring near the Waste Isolation Pilot Plant (WIPP). The Energy Department’s Carlsbad Field Office, which oversees WIPP, announced the five-year financial assistance grant April 30 to support the NMSU engineering college’s Carlsbad Environmental Monitoring […]

  • Feds Seek Tweaks to Technical Reviews for Sites Sending Waste to WIPP

    The Energy Department’s Carlsbad Field Office should update the technical review process for sites that ship transuranic material to the Waste Isolation Pilot Plant in New Mexico, according to a new interim federal report. The DOE Office of Enterprise Assessments (EA) said April 29 it wants the Carlsbad Field Office to carry out technical reviews […]

  • Increasing Signs Point Toward DOE Cleanup Sites Getting Back to Work Soon

    Even as the Energy Department stays mum on the schedule for staffing up operations that have been depopulated during the COVID-19 pandemic, there are increasing indicators that nuclear remediation sites will gradually start bring more workers back inside the fence before the end of June. This is based on comments from sources around the DOE […]

  • Current Savannah River Liquid Waste Vendor Receives Extension

    The liquid waste vendor for the Savannah River Site in South Carolina will remain in place for up to two years while the Energy Department prepares to solicit a long-term contract that could be worth $21 billion. Amentum-led Savannah River Remediation (SRR) has held the $6 billion business since July 2009; its current extension is […]

  • BWXT Sees Limited Economic Fallout From COVID-19

    The COVID-19 health crisis is so far having only a marginal impact on BWX Technologies, including delay of certain Energy Department contract awards, President and CEO Rex Geveden said Tuesday, . A potential 10-year deal for management of radioactive waste at the DOE Hanford Site in Washington state probably won’t be issued until late summer, […]

  • BWXT Pushes Back Schedule for Mo-99 Production

    BWX Technologies said Wednesday it has pushed back to mid-2022 its schedule for beginning commercial output of the medical isotope molybdenum-99 (Mo-99), partly due to supply issues created by the COVID-19 pandemic. Discussing the company’s latest earnings in a conference call with financial analysts, BWXT President and CEO Rex Geveden reaffirmed comments he made in […]

  • BWXT Seeing Only Incremental Impacts From COVID-19

    The COVID-19 health crisis is so far having only marginal impact on BWX Technologies, President and CEO Rex Geveden said Tuesday. That is largely thanks to the Lynchburg, Va.-based nuclear company’s “essential” role in energy, military, and medical sectors, Geveden said during the quarterly earnings call with Wall Street analysts. As an example, Geveden noted […]

  • BWX Technologies Cites Strong First-Quarter Earnings

    BWX Technologies brought in $542 million in first-quarter 2020 revenue, 30% more than the $416 million generated during the first three months of 2019. Net income for the period ended March 31 amounted to $75.5 million, $0.79 per diluted share, a significant year-over-year jump from $49 million, $0.51 per diluted share, the Lynchburg, Va.-based company […]

  • BWXT Hires Chief Strategy Officer

    BWX Technologies said Monday it has appointed Robb LeMasters as senior vice president and chief strategy officer. He is scheduled to start work on July 13. LeMasters, 42, was most since 2011 the managing director at hedge fund Blue Harbour Group, whose owner announced its closure in February. LeMasters since 2015 has served on BWXT’s […]

  • Court Reviews Motions in Suit Against Portsmouth Vendors

    The Ohio Department of Health said in federal court documents it cannot provide the cancer records sought by local residents suing current and former contractors at the Energy Department’s Portsmouth Site in Pike County. U.S. Magistrate Judge Elizabeth Preston Deavers, in the Southern District of Ohio, gave the plaintiffs until Friday to file a motion […]

  • Wrap Up: No Word Yet on Oak Ridge Extension

    The Energy Department has yet to execute an extension of up to two years for the Amentum-led joint venture responsible for remediation at the Oak Ridge Site in Tennessee. The agency in February announced its intention to award a sole-source deal to URS/CH2M Oak Ridge (UCOR) in the form of a one-year extension, plus options […]

  • DOE Carlsbad Shops for Satellite Office Space in Albuquerque

    The Energy Department office that oversees the Waste Isolation Pilot Plant in Carlsbad, N.M., is in the market for a satellite location about four hours north in the city of Albuquerque. “Due to the low availability of housing and high cost of living in Carlsbad, New Mexico, multiple offices in the Carlsbad Field Office are short […]

  • Energy Dept. Report Formalizes Position Against Uranium Barter

    The Energy Department officially plans to end the policy of bartering uranium to pay for legacy nuclear-weapon cleanup at the Portsmouth Site in Ohio. The policy statement is included in a report issued Thursday that lays out a plan for restarting end-to-end nuclear fuel production in the United States. The agency will will “cease bartering […]

  • Wrap Up: Honeywell Metropolis Works Plant License Renewed for 40 Years

    The Nuclear Regulatory Commission has renewed the license of Honeywell’s Metropolis Works uranium source conversion plant in Illinois for 40 years. The license now expires on March 24, 2060, according to an April 15 notice in the Federal Register. Metropolis Works has been largely idled since November 2017, due to an oversupply in the product […]