BWXT Awarded Contract to Develop Pilot Plant Solution for Domestic Uranium Enrichment
26 Agosto 2024 - 10:30PM
Business Wire
BWX Technologies, Inc. (NYSE: BWXT) today announced a contract
from the National Nuclear Security Administration (NNSA) to
complete a yearlong engineering study to evaluate options for the
deployment of a centrifuge pilot plant that would establish a
domestic uranium enrichment capability for national security
purposes.
Awarded to BWXT subsidiary Nuclear Fuel Services, Inc., this
contract represents the next phase of the NNSA’s Domestic Uranium
Enrichment Centrifuge Experiment (DUECE). The NNSA’s DUECE program,
developed and managed by Oak Ridge National Laboratory (ORNL), is
intended to preserve and advance uranium enrichment expertise and
technology for current and future U.S. national security needs. The
objective of this engineering study is to inform the acquisition
approach for a pilot plant that will demonstrate the DUE centrifuge
performance, reliability and life-cycle costs for the NNSA. Fluor
will be the engineering, procurement and construction service
provider for the activity.
“BWXT’s entry into the domestic uranium enrichment market is
driven by our unwavering commitment to national security, and we
look forward to working with NNSA and ORNL to advance the DUECE
program,” said Kevin McCoy, president of BWXT Government
Operations. “Given BWXT’s unique nuclear operations infrastructure
and NRC Category 1 uranium handling and processing licenses, this
venture aligns well with BWXT's long-standing strategy to expand
its role in the national security nuclear fuel cycle.”
According to the NNSA, the U.S. Government currently lacks the
ability to enrich uranium to support defense missions. This program
is working to establish a new capability in time to meet national
security needs using centrifuge technologies. There is a need to
develop and demonstrate centrifuge technologies to better
characterize performance, reliability, and life-cycle costs prior
to selecting a path forward for a production-scale capability.
Forward Looking Statements
BWXT cautions that this release contains forward-looking
statements, including statements relating to the performance, scope
and timing of the contract for an engineering study to evaluate
options for domestic uranium enrichment. These forward-looking
statements involve a number of risks and uncertainties, including,
among other things, modification or termination of the contract,
delays or other difficulties in the commencement or execution of
the contract, the expected duration of the contract and any changes
to government appropriations for the contract for an engineering
study to evaluate options for domestic uranium enrichment. 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 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 NFS
Nuclear Fuel Services, Inc. (NFS) processes highly enriched
uranium to manufacture fuel material for all naval nuclear reactors
used in U.S. submarines and aircraft carriers. It also provides
uranium downblending services to support commercial power needs and
national security missions. NFS is a BWX Technologies, Inc. company
and is a part of its BWXT Nuclear Operations Group, Inc.
subsidiary.
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/20240826877143/en/
Media Contact Christine Courard Vice President,
Communications 202.309.7421 cmcourard@bwxt.com
Investor Contact Chase Jacobson Vice President, Investor
Relations 980.365.4300 investors@bwxt.com
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