Publications: ExchangeMonitor Morning Briefing

Earnings rose at BWX Technologies (BWXT), Lynchburg, Va., in the first quarter, which the Department of Energy contractor attributed to opportunities in nuclear manufacturing and the company’s recent acquisition. Net earnings for the first quarter ended March 31 were $91.2 million, or $0.99 a share, up from $75.5 million, or $0.82 a share, in the […]

Texas-based Fluor has sold its remaining 40 million shares of NuScale Power Corp., and generated gross proceeds of $473 million, Fluor said in a recent filing with the Securities & Exchange Commission (SEC). The sale of Fluor’s remaining shares in NuScale, the small modular reactor developer, was completed April 23, Fluor said in the SEC […]

California state lawmakers have recently pivoted from ending the state’s nuclear moratorium to instead conducting a study on the potential role of advanced reactors to meet state’s clean energy goals. The shifting of the bill, AB 2647, to a study came after the author of the bill, California Assembly Member Lisa Calderon (D), office received […]

Russia possesses the world’s largest nuclear arsenal, a position it is leveraging alongside an expanding set of strategic capabilities, according to a May 1 report by the Congressional Research Service and U.S. Naval Institute. The report said Pentagon’s 2026 National Defense Strategy assesses that Moscow maintains the biggest stockpile globally and continues to modernize and […]

Congress passing $350 billion in reconciliation funds to support the Donald Trump administration’s potential $1.5 trillion fiscal 2027 defense topline is “going to have its challenges,” a senior member of the House Armed Services Committee (HASC) said.  “I want to make sure that we get through that. I want to make sure that members know […]

Fluor has apparently hired Bradley Smalldridge, most recently an executive with Aecon Group, as Fluor Energy Solutions vice president of nuclear operations. Smalldridge said Monday on LinkedIn that he has joined Irving, Texas-based Fluor. “In this role I am providing executive leadership and management oversight for Fluor nuclear power operation, focused on development and growth […]

The Canadian government plans to unveil a new energy strategy centered around bolstering its domestic nuclear industry, according to an April 29 press release. The new plan, Nuclear Energy Strategy for Canada, will be released by the end of this year. Canada’s Minister of Energy and Natural Resources Tim Hodgson made the announcement during the […]

Here are events related to nuclear matters that Exchange Monitor staff are tracking:  MAY: 04: Earnings call: BWX Technologies (BWXT) will discuss its quarterly financial performance with financial performance starting at 5 p.m. Eastern Time.  05: Earnings call: Huntington Ingalls Industries holds its quarterly conference call with Wall Street analysts on its financial performance starting […]

The Department of Energy’s nuclear cleanup office said Friday May 1 that crews have finished emptying radioactive waste from the 23rd underground storage tank at the Hanford Site in Washington state. The work is part of a long-running effort to move waste from old leak-prone single shell tanks to newer double-shell tanks. Hanford Tank Waste […]

A drone strike targeted infrastructure at the Russian-occupied Zaporizhzhia nuclear power plant on May 3, according to the International Atomic Energy Agency (IAEA).   The IAEA said on X Sunday the drone hit an external radiation control laboratory located outside the plant’s main perimeter. No injuries were reported, and the extent of damage remains unclear pending […]

Just as it ended 2025, General Dynamics (GD) began 2026 with strong financial results, again led by the shipbuilding business while all of the company’s operating segments touted top and bottom-line increases in the first quarter. Net income rose 13% to $1.1 billion, $4.10 earnings per share (EPS), from $994 million ($3.66 EPS). Sales increased […]

Louisville Gas and Electric Company and Kentucky Utilities have entered into an agreement with Rockville, Md.-based X-Energy to explore building X-Energy’s small modular reactors in the Bluegrass State.  The three companies have already started early project feasibility work and will explore ways for using X-Energy’s Xe-100 SMR deployments to support Kentucky’s long -term energy goals, […]

Fermi America has officially fired former CEO Toby Neugebauer from its board of directors on April 30, according to a company Securities and Exchange Commission (SEC) filing. Neugebauer’s firing comes weeks after he was removed as CEO on April 17. According to the April 30 SEC filing, Neugebauer was fired for cause “as a result […]

Baton Rogue, La.-based Turner Industries has revealed plans to expand two nuclear manufacturing facilities in Louisiana that aim to fabricate reactor parts for advanced reactors, Louisiana Gov. Jeff Landry (R) announced at an industry summit Tuesday. Turner Industries said in its press release that the two manufacturing facilities will be in New Iberia and Port […]

National Nuclear Security Administration (NNSA) Administrator Brandon Williams said the agency plans to hire about 100 federal employees as it works to rebuild its workforce following prior staffing losses, telling lawmakers the effort will focus on targeted, high-quality hires. “We are looking to hire about 100 new personnel…across our enterprise,” Williams said during a Senate […]

The Y-12 National Security Complex said in a press release it exceeded its fiscal 2026 lithium metal production goal by a wide margin, achieving 177% of its target. The enriched lithium — used in nuclear weapons applications rather than commercial batteries — will be used in nuclear weapons components in the nation’s stockpile, managed by […]

The Nuclear Regulatory Commission (NRC) approved the second license renewals for Florida Power and Light’s St. Lucie Nuclear Plant Units 1 and 2 in Jensen Beach, Fla. on Tuesday. The subsequent license renewal extends operations through 2056 for Unit 1 and 2063 for Unit 2. NextEra Energy’s subsidiary Florida Power and Light said in a […]

The Department of Energy’s Office of Nuclear and the National Reactor Innovation Center have made their first selections for DOE’s recently established Nuclear Energy Launch Pad initiative. Previously announced on March 5, the Nuclear Energy Launch Pad aims to create a hub to speed up advanced nuclear technology deployment using technical and regulatory frameworks on […]

A 437-page justification for the Donald Trump administration’s request for the Department of Energy’s Office of Environmental Management adds more detail on White House priorities for nuclear cleanup. Overall, the roughly $8.2 billion Environmental Management (EM) budget would be $386 million less than the $8.56 billion enacted by Congress for fiscal 2026, according to the […]

A North Wind Group company said this week it has landed a share of U.S. Army Corps of Engineers business worth $275 million. North Wind Site Services said in an April 27 news release it has been awarded a seat on the Corps’ Northwestern Division Regional Pre-Placed Remedial Action Contract Multiple Award Task Order Contract […]

During a public meeting Tuesday in Carlsbad, N.M., most local residents voiced support for current operations of the Department of Energy’s Waste Isolation Pilot Plant (WIPP) and argued a state agency’s proposal to modify WIPP’s permit is unnecessary. Further, most said if the New Mexico Environment Department (NMED) thinks too few shipments of legacy transuranic […]

The foray into spent fuel recycling by the Department of Energy’s Office of Environmental Management (EM) will take advantage of used nuclear fuel (UNF) from a test reactor at the Idaho National Laboratory. That is according to material issued with the request for applications (RFA) announced April 22.  DOE’s Environmental Management and Nuclear Energy (NE) […]

In a 12-month timeline, the Nuclear Regulatory Commission (NRC) has issued a subsequent license renewal for Duke Energy’s Robinson Nuclear Plant in Hartsville, S.C. The 20-year renewal extends the Robinson plant to operate through July 2050. According to NRC’s April 23 press release, the 12-month review timeline makes this the fastest license renewal review in […]

The Navy last Thursday awarded General Dynamics’ Electric Boat division an initial $197 million contract to support the AUKUS program as it helps Australia set up the capability to build and maintain nuclear-powered attack submarines.  AUKUS is the trilateral framework between the U.S., Australia and the United Kingdom to supply nuclear-powered submarines and other nuclear […]

WASHINGTON, D.C. – With the renewed interest in domestic nuclear fuel reprocessing, the Nuclear Regulatory Commission is working on a new rule focused on the reprocessing of spent fuel, commissioners told a House panel last week. During the House Energy and Commerce’s Energy Subcommittee’s April 22 budget hearing, Commissioner David Wright said NRC is able […]

Chantilly, Va.-based Amentum has hired two new vice presidents, one for investor relations and one for operations. Charles Grant, a longtime executive with roots in the Navy nuclear program, has been selected as senior vice president of operations for Amentum, he said this week on his LinkedIn page. Separately, Amentum announced in an April 22 […]