BWXT completes key equipment for advanced nuclear fuel production

Published 22/07/2025, 13:22
BWXT completes key equipment for advanced nuclear fuel production

LYNCHBURG, Va. - BWX Technologies, Inc. (NYSE:BWXT), a $12.8 billion market cap company with strong financial health according to InvestingPro analysis, has completed the installation and testing of a chemical vapor infiltration furnace, marking a significant milestone in its capability to manufacture advanced TRISO nuclear fuel for next-generation reactors, according to a company press release.

The new furnace solidifies pre-forms filled with TRISO particles, completing the equipment needed for BWXT’s Advanced Reactor Demonstration Program (ARDP) project with the Department of Energy. TRISO fuel consists of uranium kernels surrounded by carbon and silicon layers. The company’s robust financial position, with a current ratio of 2.02 and nearly 10% revenue growth over the last twelve months, supports its ambitious technological advancement initiatives.

With this addition to its existing manufacturing line, BWXT can now load Uranium Nitride TRISO into additively manufactured fuel forms. The company states this results in fuel with higher uranium mass per unit volume than traditional TRISO compacts, potentially offering longer reactor lifespans and reduced overall reactor system costs.

"Our advanced capability to manufacture TRISO fuel in multiple forms and shapes at scale will play an important role in enabling the small modular reactor and advanced microreactor market to flourish," said Kate Kelly, president of BWXT Advanced Technologies.

Mike Goff, acting Assistant Secretary for Nuclear Energy, called the project "a great example of how we are working hand-in-hand with industry to re-establish the United States as a global leader in nuclear energy."

BWXT’s existing TRISO manufacturing line currently produces fuel for the Department of Defense Strategic Capabilities Office’s Project Pele microreactor program. The company is planning to increase production to support its BWXT Advanced Nuclear Reactor program and meet market demand from other TRISO users.

Last year, BWXT announced a partnership with Wyoming to evaluate the industrial footprint required for TRISO fuel manufacturing to support the emerging advanced reactor market. With a track record of maintaining dividend payments for 14 consecutive years and strong returns over the past decade, BWXT demonstrates financial stability alongside its technological innovation. For deeper insights into BWXT’s financial health and growth prospects, including exclusive ProTips and comprehensive analysis, visit InvestingPro, where you’ll find detailed research reports covering 1,400+ top US stocks.

In other recent news, BWX Technologies, Inc. has secured contracts valued at approximately $2.6 billion from the U.S. Naval Nuclear Propulsion Program. These contracts are intended for manufacturing naval nuclear reactor components, primarily for Virginia and Columbia-class submarines, with some work allocated for Ford-class aircraft carriers. Deliveries for these contracts are planned over the next six to eight years. Additionally, BWX Technologies has appointed Kevin M. McCoy as chief nuclear officer to support the acceleration of the Columbia and Virginia Class submarine programs for the U.S. Navy. In another development, a BWXT-led joint venture has won a C$1.2 billion annual contract to manage and operate Canadian Nuclear Laboratories Ltd. starting in 2025. William Blair has initiated coverage on BWX Technologies with an Outperform rating, highlighting the company’s strong position within the commercial nuclear supply chain and its exclusive role as a supplier of nuclear reactors for the U.S. Navy. Meanwhile, BofA Securities has maintained its Buy rating on Constellation Energy, following the company’s 20-year Purchased Power Agreement with Meta.

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