BWX Technologies Wins $4 Million Y-12 Lithium Facility Design Contract

โดย Insider Monkey·US·Read original
Summary · why it matters

BWX Technologies Inc. has been awarded an initial $4 million design contract by the National Nuclear Security Administration, a semi-autonomous body within the U.S. Department of Energy, for a new Lithium Processing Facility at the Y-12 National Security Complex. Under the award, BWXT will develop a conceptual design of a first module for the facility, specifically the Machining and Inspection Module, following a competitive selection process that narrowed the field to two companies. Phase one is a four-month, $4 million contract in which the NNSA will evaluate both companies' conceptual designs; after a second phase of design completion, the agency intends to down-select to one company and begin construction contract negotiations. BWXT is not guaranteed to win the construction phase, and the multi-phase, government-funded project remains subject to congressional appropriations and shifting national security priorities. The company's recent acquisition of Precision Components Group is expected to add roughly 500,000 square feet of heavy-manufacturing capacity, and its second quarter results, announced in early August, showed commercial revenues jumped 72% compared to the same period last year.

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BWXT won a $4M NNSA design contract for the Y-12 Lithium Processing Facility, a concrete new order.

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