BWXT Wins $4 Million NNSA Contract for Lithium Processing Facility Design

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BWX Technologies announced on September 3 that it secured a $4 million contract to develop a conceptual design for the first module of a new Lithium Processing Facility for the U.S. National Nuclear Security Administration. The planned facility is meant to modernize and replace aging infrastructure used for lithium reprocessing while supporting purification, component production, and other nuclear security activities. Heatherly Dukes, president of BWXT's Technical Services Group, said the project represents an important investment in modernizing the nation's nuclear security infrastructure. The $4 million award is small relative to BWXT's more than $8.6 billion backlog at the end of the second quarter and is unlikely to significantly affect near-term earnings and cash flows, but it could lead to follow-on work: after the initial four-month first phase, the NNSA plans to select one of two companies for the next design phase and potential construction contract. The win also fits a broader expansion of BWXT's government business, which includes a near-sole-source monopoly supplying nuclear reactors and high-assay enriched fuel for the U.S. Navy's submarine and aircraft carrier fleet, and its BWXT Advanced Nuclear Reactor technology was recently selected by the U.S. Army for its Janus program.

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BWXT won a $4M NNSA contract to design the first module of a new Lithium Processing Facility, with potential follow-on design and construction work.

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