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LYNCHBURG, Va. - BWX Technologies, Inc. (NYSE:BWXT) has appointed Rik Geiersbach as its new chief strategy officer, the company announced Monday. Geiersbach, who previously served as vice president of strategy and corporate development at Boeing, will report directly to BWXT President and CEO Rex Geveden. The appointment comes as BWXT, currently valued at nearly $15 billion, has delivered impressive returns with its stock price surging over 72% in the past year. According to InvestingPro analysis, the company has maintained dividend payments for 14 consecutive years, demonstrating consistent financial stability.
In his new role, Geiersbach will lead the development and execution of BWXT’s enterprise strategy and merger and acquisition initiatives. He brings 30 years of experience in corporate growth strategy, competitive assessments and new market entry. The company’s strong financial position, with revenue growth of 10.13% and liquid assets exceeding short-term obligations, provides a solid foundation for strategic initiatives. InvestingPro subscribers can access 15+ additional key financial metrics and insights about BWXT’s market position and growth potential through the comprehensive Pro Research Report.
During his tenure at Boeing, Geiersbach managed the $30-billion Defense, Space and Security business unit’s strategy, mergers and acquisitions, growth initiatives, and research and development investment portfolios. Prior to Boeing, he worked as corporate director of strategic alliances at Northrop Grumman.
"His deep experience in driving organic and inorganic growth initiatives will help secure our competitive positioning in the global security, clean energy, and nuclear medicine markets we serve," Geveden said in the press release statement.
Geiersbach holds an MBA from the Anderson School of Management at the University of California, Los Angeles and a bachelor’s degree in history from Harvard University.
BWX Technologies specializes in nuclear solutions for global security, clean energy, environmental restoration, nuclear medicine and space exploration. The company employs nearly 10,000 people and supports the U.S. Department of Energy and National Nuclear Security Administration across multiple contracts in North America. Operating with a moderate level of debt and maintaining strong profitability, BWXT has demonstrated resilience in its core markets, though InvestingPro analysis indicates the stock is currently trading above its Fair Value.
In other recent news, BWX Technologies reported impressive financial results for the second quarter of 2025, with earnings per share of $1.02, significantly surpassing the projected $0.79. The company’s revenue also exceeded expectations, reaching $764 million compared to the forecasted $708.55 million. Following these results, Truist Securities raised its price target for BWX Technologies to $145 from $114, maintaining a Hold rating. Truist noted that the company’s performance "handily beat expectations," prompting an upward adjustment in their outlook for the year. Additionally, BofA Securities increased its price target for BWX Technologies to $220 from $155 while maintaining a Buy rating. BofA’s revision reflects a new valuation model with a 2.4x relative multiple, up from the previous 1.7x. These recent developments underscore the positive momentum for BWX Technologies in the market.
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