BWX Technologies gains on US Department of Energy contract for Hanford site

BWX Technologies

04/03/2024 22:21

** Specialty manufacturer of nuclear components BWX
Technologies'  BWXT.N  shares up 3.5% at $108 after market   
    ** Company says JV awarded contract with est value of up to
$45 bln over 10-year ordering period by U.S. Department of
Energy for environmental management operations at Hanford site
in Washington
    ** Contract awarded to Hanford Tank Waste Operations &
Closure, a JV led by BWX unit, and includes subsidiaries of
Amentum and Fluor  FLR.N 
    ** U.S. government built Hanford and other complexes in
1940s to produce plutonium and uranium for atomic bombs under
the Manhattan Project 
    ** As of last close, BWX shares up 36% YTD

 (Reporting by Sourasis Bose in Bengaluru)
 ((sourasis.bose@thomsonreuters.com))