Upcoming AWS Coverage on Spirit AeroSystems Holdings Post-Earnings Results
LONDON, UK / ACCESSWIRE / February 14, 2017 / Active Wall St. blog coverage looks at the headline from leading government supplier BWX Technologies, Inc. (NYSE: BWXT) as the Company announced on February 13, 2017, that its subsidiary BWXT Nuclear Operations Group, Inc. has bagged a contract to manufacture naval nuclear reactor components under the US Naval Nuclear Propulsion Program. The Company also received additional new contracts valued over $11 million. The exercised contract options and new contracts put together are valued approximately $795 million. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/.
One of BWX Technologies' competitors within the Aerospace/Defense Products & Services space, Spirit AeroSystems Holdings, Inc. (NYSE: SPR), reported on February 01, 2017, its Q4 and full-year 2016 financial results. AWS will be initiating a research report on Spirit AeroSystems Holdings in the coming days.
Today, AWS is promoting its blog coverage on BWXT; touching on SPR. Get all of our free blog coverage and more by clicking on the link below: http://www.activewallst.com/register/.
The Company has already started the work on these contracts. The materials procured and used for manufacture under the contract will support the construction of the Ford-class carrier and Virginia-class submarine. The work under the contract will be undertaken at BWXT's various manufacturing facilities located at Lynchburg, Virginia, Barberton and Euclid, Ohio and Mount Vernon, Indiana. The contract work at these locations is expected to continue for the next few years.
Sharing his thoughts on getting the contract, Rex D. Geveden, BWXT's President and CEO said:
"We appreciate the US Navy's continued trust in BWXT to provide the propulsion systems for a crucial element of the nation's security. We take immense pride in helping to ensure that the country's submarines and aircraft carriers are powered for deployment all around the globe."
About the US Naval Nuclear Propulsion Program
The exercised contracts options have been awarded under US Naval Nuclear Propulsion Program. Under this US Government Program, various personnel from the military as well as the civilian background have been assigned to build, design, maintain, manage and operate nuclear power ships and related facilities. These will help strengthen and support the US's nuclear-powered naval fleet.
About BWXT and its subsidiary - BWXT Nuclear Operations Group, Inc.
BWXT is a top US Government supplier for nuclear component and fuel. It offers technical, management, and site services to the US Government in operating and maintaining these intricate facilities and also provides environmental remediation activities where needed. Apart from the government, BWXT also provides its services and supplies precision manufactured components and services to the commercial nuclear power sector. The Company has nine major sites in the US and Canada, and it has over 6,000 employees. BWXT is credited for the designing and fabrication of components for the USS Nautilus, the world's first nuclear-powered submarine.
BWXT was earlier known as Babcock & Wilcox Company and has been a pioneer and is leading supplier of components and services to the commercial and government nuclear power industries. In 2015, Babcock & Wilcox Company sold off its power generation business to allow BWXT to focus completely on government and nuclear operations.
BWXT Nuclear Operations Group Inc. (BWXT NOG) is a subsidiary and business unit of BWXT that specializes in the manufacture of naval nuclear reactors components used in submarines and aircraft carriers as well as other nuclear and non-nuclear research and development and component production. BWXT NOG has four manufacturing facility across the US at Indiana, Ohio and Virginia. In December 2016, BWXT completed the acquisition of GE Hitachi Nuclear Energy Canada Inc., a leading supplier of fuel, fuel handling systems, tooling delivery systems, and replacement components for CANDU® reactors.
Stock Performance
On Monday, February 13, 2017, BWX Technologies' share price finished the trading session at $42.29, slightly up by 0.76%. A total volume of 1.09 million shares exchanged hands, which was higher than the 3 months average volume of 770.34 thousand shares. The stock has rallied 10.72% and 55.94% in the last six months and past twelve months, respectively. Furthermore, since the start of the year, shares of the Company have gained 6.52%. The stock is trading at a PE ratio of 30.14 and has a dividend yield of 0.85%. The Company has a market capital of $4.19 billion as of its last closing price.
Earnings Alert:
BWXT will hold a webcast to discuss its Q4 2016 results on February 28th, 2017, at 8:30 a.m. ET. A news release detailing the results is expected to be issued after the market closes on February 27, 2017.
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