BWXT-led Team Awarded $30 Billion Management and Operating Contract for National Nuclear Security Administration’s Pantex Plant
14 Giugno 2024 - 3:00PM
Business Wire
BWX Technologies, Inc. (NYSE: BWXT) today announced a contract
award from the U.S. Department of Energy, National Nuclear Security
Administration (DOE/NNSA) for management and operations of the
Pantex Plant. Following an initial term of five years, NNSA has the
ability to award three additional five-year option periods. If all
contract options are exercised, the contract will span 20 years at
a funding level of approximately $30 billion.
The NNSA announced the contract was awarded to PanTeXas
Deterrence LLC (PXD). PXD is a joint venture led by a BWX
Technologies, Inc. (BWXT) subsidiary – it also includes Fluor; SOC,
A Day & Zimmermann Company; and The Texas A&M University
System.
Pantex represents a key nuclear production capability in the
nation’s Nuclear Security Enterprise. Pantex, located near
Amarillo, Texas, is responsible for maintaining the safety,
security, and effectiveness of the nation’s nuclear weapons
stockpile. Work performed at Pantex includes support of the nuclear
weapons life extension programs; nuclear weapons surveillance,
assembly and dismantlement; the development, testing, and
fabrication of high explosive components; and interim storage and
surveillance of plutonium pits.
“This is an important contract win for us and leverages our
unique core competencies and capabilities in nuclear operations,”
said Heatherly Dukes, president of BWXT’s Technical Services Group.
“The PanTeXas Deterrence team was purpose-built to bring the very
best of industry experience together to meet crucial global
security imperatives. We look forward to getting started with a
strong emphasis on safe and secure operations in full support of
NNSA’s integrated Nuclear Security Enterprise.”
PanTeXas Deterrence will assume operations from the current
contractor following a four-month transition period that will begin
on a date yet to be determined.
More information is available from the NNSA here.
Forward Looking Statements
BWXT cautions that this release contains forward-looking
statements, including statements relating to the performance,
timing, impact and value, to the extent contract value can be
viewed as an indicator of future revenues, of the Pantex contract,
future work at the Pantex plant, and the award or exercise of any
contract options or orders. These forward-looking statements
involve a number of risks and uncertainties, including, among other
things, modification or termination of the Pantex contract and
delays. If one or more of these or other risks materialize, actual
results may vary materially from those expressed. For a more
complete discussion of these and other risk factors, please see
BWXT’s annual report on Form 10-K for the year ended December 31,
2023 and subsequent quarterly reports on Form 10-Q filed with the
Securities and Exchange Commission. BWXT cautions not to place
undue reliance on these forward-looking statements, which speak
only as of the date of this release, and undertakes no obligation
to update or revise any forward-looking statement, except to the
extent required by applicable law.
About BWXT
At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong,
Innovation Driven. A U.S.-based company, BWXT is a Fortune 1000 and
Defense News Top 100 manufacturing and engineering innovator that
provides safe and effective nuclear solutions for global security,
clean energy, environmental restoration, nuclear medicine and space
exploration. With approximately 7,800 employees, BWXT has 14 major
operating sites in the U.S., Canada and the U.K. In addition, BWXT
joint ventures provide management and operations at a dozen U.S.
Department of Energy and NASA facilities. For more information,
visit www.bwxt.com. Follow us on LinkedIn, X, Facebook and
Instagram.
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version on businesswire.com: https://www.businesswire.com/news/home/20240613049116/en/
Media Contact Jud Simmons Senior Director, Media &
Public Relations 434.522.6462 hjsimmons@bwxt.com
Investor Contact Chase Jacobson Vice President, Investor
Relations 980.365.4300 investors@bwxt.com
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