BWX Technologies, Inc. (BWXT) announced today that the U.S. Naval Nuclear Propulsion Program has exercised contract options with BWXT subsidiary Nuclear Fuel Services, Inc. (NFS) totaling more than $151 million for fuel manufacture, development activities and decommissioning work in support of the nation’s nuclear submarines and aircraft carriers.
The contract options were awarded in the fourth quarter of 2017. Work under these contracts has already commenced, and the vast majority of it will be completed during the remainder of 2018.
Joel W. Duling, NFS President, said, “Our employees work hard every day to ensure the U.S. Navy’s nuclear-powered fleet has fuel of the highest quality to successfully achieve its missions around the world.”
Key data points: The growth forecast is 3.2% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities, and forecasts in the discrete IGBT market to 2031 by power rate (high power, medium power, and low power), application (energy & power, consumer electronics, inverter & UPS, electric vehicle, industrial system, medical devices & traction, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Download free sample pagesNFS has been the sole manufacturer of nuclear fuel for U.S. Navy aircraft carriers and submarines for decades. The company employs a workforce of approximately 1,000 people, including long-term contractors and security personnel.
