BWXT names Kevin McCoy as chief nuclear officer to support Navy programs

LYNCHBURG, Va. - BWX Technologies, Inc. (NYSE:BWXT) has appointed Kevin M. McCoy as chief nuclear officer to support accelerating the production of Columbia and Virginia Class submarine programs for the U.S. Navy, according to a company press release. The appointment comes as BWXT, currently trading near its 52-week high of $139.54, demonstrates strong market performance with a 55.84% return over the past year.

McCoy, who has served as president of BWXT’s Government Operations segment since 2022, brings over 40 years of leadership experience in shipyard operations and nuclear industrial operations. His background includes serving as chief engineer of the U.S. Navy from 2005 to 2008 and commander of the Naval Sea Systems Command from 2008 to 2013, retiring as Vice Admiral. According to InvestingPro data, BWXT maintains strong financial health with a current ratio of 2.02, indicating robust operational efficiency.

In conjunction with McCoy’s appointment, BWXT announced that Joseph K. Miller will succeed McCoy as president of Government Operations. Miller previously served as president of BWXT Advanced Technologies since 2021, where the company reports he achieved significant growth in program content.

Additionally, Katherine Haggerty Kelly has been appointed as the new president of BWXT Advanced Technologies. Kelly has been director for space and emerging programs since 2022.

"Kevin McCoy has been a tremendously successful leader at BWXT and throughout his career," said Rex Geveden, BWXT president and chief executive officer, in the statement.

BWXT, a Fortune 1000 company with approximately 10,000 employees across 20 major operating sites in the U.S., Canada and the U.K., provides nuclear solutions for security, clean energy, and space exploration. The company, currently valued at $12.61 billion, has demonstrated impressive growth with a 9.88% revenue increase over the last twelve months. InvestingPro analysis suggests the stock is trading above its Fair Value, with numerous additional insights available in the comprehensive Pro Research Report, part of the coverage of 1,400+ top US stocks.

In other recent news, BWX Technologies, Inc. has been awarded a C$1.2 billion annual contract to operate Canadian Nuclear Laboratories Ltd. The contract, which runs for six years with potential extensions, will see BWX Technologies lead a joint venture to manage the facilities starting in September 2025. In another development, BWX Technologies announced the appointment of Mike T. Fitzgerald as interim Chief Financial Officer following the resignation of Robb A. LeMasters. Fitzgerald, who has been with the company since 2022, will oversee financial operations during this transition period. Additionally, BWX Technologies’ CEO, Rex D. Geveden, received a $5.5 million incentive award aimed at promoting long-term shareholder value, with vesting contingent on specific performance targets. Meanwhile, William Blair initiated coverage on BWX Technologies with an Outperform rating, highlighting the company’s strong position in the nuclear energy sector. The firm’s analysis suggests optimism about BWX Technologies’ potential growth, particularly in commercial nuclear projects. In related news, BofA Securities maintained a Buy rating on Constellation Energy, following its 20-year Purchased Power Agreement with Meta. This agreement involves expanding the capacity of the Clinton Clean Energy Center, aligning with the company’s strategic initiatives.

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