Contracts & Procurement

Earnings fell at Fluor, Irving, Texas, in the third quarter, which the international engineering and construction company chalked up to a court ruling and the declining share price for Fluor-backed NuScale Power. The biggest blow to earnings was an adverse court decision of $653 million in a completed infrastructure project in Australia, according to Fluor’s […]

Jeff Avery, a longtime federal executive within the Department of Energy’s nuclear complex, has accepted a vice president’s post with Westinghouse Electric, Avery said this week on his LinkedIn page. “I’m excited to share that I’ve joined Westinghouse Electric Company as vice president, Chief Operating & Administrative Officer for Westinghouse Government Services,” Avery said Monday […]

Earnings rose significantly at BWX Technologies (BWXT), Lynchburg, Va., in the third quarter, which the company attributed to its “differentiating nuclear credentials” and some multi-year, special materials contracts it received. “The demand environment for nuclear solutions in defense, clean energy, and medical markets is unprecedented,” Rex Geveden, president and CEO of BWXT, said in the […]

Jeff Avery, a longtime federal executive within the Department of Energy’s nuclear complex, has accepted a vice president’s post with Westinghouse Electric, Avery said this week on his LinkedIn page. “I’m excited to share that I’ve joined Westinghouse Electric Company as vice president, Chief Operating & Administrative Officer for Westinghouse Government Services,” Avery said Monday […]

Earnings rose significantly at BWX Technologies (BWXT), Lynchburg, Va., in the third quarter, which the company attributed to its “differentiating nuclear credentials” and some multi-year, special materials contracts it received. “The demand environment for nuclear solutions in defense, clean energy, and medical markets is unprecedented,” Rex Geveden, president and CEO of BWXT, said in the […]

Huntington Ingalls Industries (HII) last Thursday Oct. 30 posted strong third quarter results on ample top and bottom-line performance at its shipbuilding operations combined with a solid contribution from the Mission Technologies segment. Net income jumped 44% to $145 million, $3.68 earnings per share (EPS), from $101 million ($2.56 EPS), handily topping consensus estimates by […]

General Dynamics (GD) last Friday reported strong third quarter financial results largely due to its Marine Systems segment, continuing a sturdy run of top and bottom-line gains all year. The shipbuilding segment, up 14%  and 13% respectively on the top and bottom-lines, benefited from construction of the Navy’s Columbia-class ballistic missile submarine and Virginia-class attack […]

The Professional Services Council (PSC), a trade association representing 400 federal contractors, wrote a letter Oct. 28 to Congressional leaders mourning the federal government shutdown, citing its effect on the National Nuclear Security Administration (NNSA) among other agencies. The letter, obtained by the Exchange Monitor, was addressed to Senate Majority Leader John Thune (R-S.D.), Senate […]

KNOXVILLE, TENN – In the fifth week of the government shutdown, Department of Energy subcontractors are struggling to keep afloat, small businesses representatives said at a conference here Wednesday. At the Energy, Technology and Environmental Business Association’s (ETEBA) annual Business Opportunities and Technical Conference, a panel of executives from DOE subcontractors spoke about how they […]

KNOXVILLE, TENN. – Several executives with Department of Energy prime contractors said Wednesday morning that workforce gaps will need to be filled if they plan to meet the growing demand for nuclear energy and services. Panelists from across the DOE nuclear complex told attendees at the Energy, Technology and Environmental Business Association’s (ETEBA) Business Opportunities […]

Companies in the United States and Canada said this week they have agreed to a partnership with the U.S. Department of Energy in hopes of speeding development of $80 billion worth of Westinghouse Electric reactor technology. The nuclear power construction program was announced by Westinghouse, Cameco and Brookfield Asset Management along with the U.S. government. […]

KNOXVILLE, TENN. – Several executives with Department of Energy prime contractors said Wednesday morning that workforce gaps will need to be filled if they plan to meet the growing demand for nuclear energy and services. Panelists from across the DOE nuclear complex told attendees at the Energy, Technology and Environmental Business Association’s (ETEBA) Business Opportunities […]

KNOXVILLE, TENN – In the fifth week of the government shutdown, Department of Energy subcontractors are struggling to keep afloat, small businesses representatives said at a conference here Wednesday. At the Energy, Technology and Environmental Business Association’s (ETEBA) annual Business Opportunities and Technical Conference, a panel of executives from DOE subcontractors spoke about how they […]

Several nuclear-related companies in the United States and Canada are scheduled to hold quarterly earnings calls with financial analysts in the coming days. Here are a few: Monday Nov. 3: BWX Technologies, the nuclear services company, holds its call at 5 p.m. ET. Tuesday Nov. 4: Leidos, a big DOE contractor, has its call at […]

BWX Technologies (BWXT) announced Thursday it was awarded a $174 million contract in September to manufacture naval nuclear reactor fuel. The Lynchburg, Va.-based company’s subsidiary, Nuclear Fuel Services in Erwin, Tenn. will manufacture and deliver fuel for the Naval Reactors program. Work on the project has already begun with a completion target of summer 2026. […]

The Professional Services Council (PSC), a trade association representing 400 federal contractors, wrote a letter Oct. 28 to Congressional leaders mourning the federal government shutdown, citing its effect on the National Nuclear Security Administration (NNSA) among other agencies. The letter, obtained by the Exchange Monitor, was addressed to Senate Majority Leader John Thune (R-S.D.), Senate […]

KNOXVILLE, TENN. – Several executives with Department of Energy prime contractors said Wednesday morning that workforce gaps will need to be filled if they plan to meet the growing demand for nuclear energy and services. Panelists from across the DOE nuclear complex told attendees at the Energy, Technology and Environmental Business Association’s (ETEBA) Business Opportunities […]

Several nuclear-related companies in the United States and Canada are scheduled to hold quarterly earnings calls with financial analysts in the coming days. Here are a few: Thursday Oct. 30: Huntington Ingalls Industries, a significant Department of Energy contractor holds its financial call at 9 a.m. Eastern Time. Friday Oct. 31: Dominion Energy, which owns […]

Companies in the United States and Canada said this week they have agreed to a partnership with the U.S. Department of Energy in hopes of speeding development of $80 billion worth of Westinghouse Electric reactor technology. The nuclear power construction program was announced by Westinghouse, Cameco and Brookfield Asset Management along with the U.S. government. […]

The Department of Energy’s nuclear cleanup office expects to extend by up to a year the Deactivation and Remediation contract held by Four Rivers Nuclear Partnership at the Paducah Site in Kentucky. According to an online procurement notice from late June, DOE’s Office of Environmental Management expects to extend the contract period up to 12 […]

General Dynamics (GD) last Friday reported strong third quarter financial results largely due to its Marine Systems segment, continuing a sturdy run of top and bottom-line gains all year. The shipbuilding segment, up 14%  and 13% respectively on the top and bottom-lines, benefited from construction of the Navy’s Columbia-class ballistic missile submarine and Virginia-class attack […]

One Nuclear Energy has announced to become a public company after entering into a definitive business combination agreement with Hennessey Capital Investment Corp. VII Thursday. The transaction is anticipated to provide up to $210 million in gross proceeds and is expected to close in the first half of next year, according to ONE Nuclear’s press […]

Fueled by its Defense Systems and Mission Systems segments, Northrop Grumman, which is developing the Sentinel intercontinental ballistic missile, Tuesday reported strong third quarter results wherein earnings rose Net earnings for the third quarter, ended Sept. 30 and listed in the company’s 10-Q form, were $1.1 billion, up from $1.026 year-over-year. Net income rose 7% […]

BWX Technologies (BWXT) said this week it has hired Bill Walker as its vice president, government and stakeholder relations in Canada. It is a newly-created position, according to BWXT. A three-term member of the Provincial Parliament and deputy speaker of the Ontario Legislature, Walker has more than 30 years of experience in  government, energy and not-for-profit […]

Bethesda, Md.-based uranium broker and enrichment technology developer Centrus Energy will hold its third quarter earnings call for this year on Nov. 6 at 8:30 a.m. Eastern Time. The company’s third quarter, which ended on Sept. 30, will also be released on Nov. 5 prior to the earnings call with Wall Street analysts. Centrus experienced […]

Fluor completed the sale of 15 million shares of its Class A common stock of NuScale Power on Oct. 9 which resulted in net proceeds of $605 million. The completed sale of the stock was converted in August and reflects a gain of over 300% since NuScale, the small modular reactor company, went public in […]

The National Nuclear Security Administration (NNSA) has awarded a BWX Technologies (BWXT) subsidiary with a contract for licensing, design and operation of High Purity Depleted Uranium production in Tennessee. BWXT Ordnance Tennessee, the subsidiary awarded the capability, will produce this form of uranium in Jonesborough, Tenn. at a manufacturing plant it establishes at its own […]

Three big nuclear Navy contract wins, two for the Trident II missile and one in maintaining and modernizing the Navy’s nuclear-powered attack submarine, were announced on the Pentagon’s website. The announcement of multiple military contracts came Sept. 30, hours before the government shut down. GSE Dynamics, a Norfolk, Va.-based engineering and manufacturing company, was one […]

AtkinsRéalis-led Mission Conversion Services Alliance is now handling landlord work at the Department of Energy’s Portsmouth and Paducah Sites, a company executive said Wednesday. Meanwhile, an Amentum-led team, Southern Ohio Cleanup, has taken over remediation at the Portsmouth Site in Piketon, Ohio. Southern Ohio’s contract is worth nearly $5.9 billion over 15 years. As for […]

AtkinsRéalis-led Mission Conversion Services Alliance is now handling landlord work at the Department of Energy’s Portsmouth and Paducah Sites, a company executive said Wednesday. Meanwhile, an Amentum-led team, Southern Ohio Cleanup, has taken over remediation at the Portsmouth Site in Piketon, Ohio. Southern Ohio’s contract is worth nearly $5.9 billion over 15 years. As for […]