![[bwxt-logo.webp|300]] Company website: [https://www.bwxt.com/](https://www.bwxt.com/) ### Introduction BWX Technologies, Inc. (BWXT) traces its roots back to 1867 when it was founded as Babcock & Wilcox by Stephen Wilcox and George Babcock, initially focusing on innovative boiler technology. The company evolved over time, with BWXT emerging as a separate entity in 2015 following a spin-off from the original Babcock & Wilcox to concentrate on nuclear operations. Headquartered in Lynchburg, Virginia, BWXT's mission is to deliver innovative nuclear solutions that create a better world by providing safe and effective technologies for global security, clean energy, environmental restoration, nuclear medicine, and space exploration. The company's key focus areas include manufacturing precision nuclear components and fuel for the U.S. government, particularly for naval propulsion; advancing small modular reactors (SMRs) and microreactors for commercial and defense applications; and supporting nuclear fuel services for submarines, aircraft carriers, and emerging clean energy needs. BWXT operates across defense, space, nuclear energy, and medical isotopes, leveraging over 165 years of expertise in nuclear innovation to meet growing demands in energy transition and national security. ### Key Products and Technology - **Naval Nuclear Propulsion Components**: Designs and manufactures heavy nuclear components, reactors, and fuel for U.S. Navy submarines and aircraft carriers, including systems for the USS Nautilus since the 1950s; features include high-reliability, long-life cycles, and advanced safety designs for underwater operations. - **Small Modular Reactors (SMRs) and Microreactors**: Develops compact, scalable reactors like the BWXT Advanced Nuclear Reactor (BANR), a high-temperature gas-cooled microreactor with up to 50 MW thermal output; key features include TRISO fuel for enhanced safety and efficiency, passive cooling systems, and deployability in remote or grid-independent sites; applications span military bases, data centers, mining, oil & gas, and municipalities for clean electricity or thermal energy. - **Nuclear Fuel Services**: Produces highly enriched uranium fuel for naval reactors and downblends materials for commercial use; includes advanced TRISO (TRi-structural ISOtropic) particle fuel with high burn-up efficiency and containment for fission products; supports all U.S. naval nuclear reactors and emerging advanced reactor designs. - **Advanced Nuclear Technologies for Defense and Space**: Builds microreactors for land-based military applications and space exploration; features modular design for rapid deployment, high energy density, and resilience in extreme environments; applications include powering remote bases or spacecraft. - **Medical Isotopes and Nuclear Medicine**: Manufactures components for radioisotope production, including generators for Actinium-225 used in cancer therapies; focuses on supply chain reliability and innovation in targeted alpha therapies. - **Environmental and Site Management Services**: Provides nuclear operations, decommissioning, and waste management at government sites; includes precision engineering for safe handling and remediation. ### Team and Leadership - **Rex D. Geveden, President and Chief Executive Officer**: Joined BWXT in 2015 as COO and became CEO in 2017; previously held roles at Teledyne Brown Engineering and NASA, including Associate Administrator; expertise in aerospace, defense, and nuclear technology; X handle: not available; LinkedIn: https://www.linkedin.com/in/rex-geveden-0a0b0b1a/. - **Mike T. Fitzgerald, Senior Vice President and Interim Chief Financial Officer**: Appointed interim CFO in 2025; oversees financial strategy and operations; prior experience includes roles in corporate finance at BWXT; X handle: not available; LinkedIn: not publicly listed. - **Joseph K. Miller, President of Government Operations**: Appointed in June 2025, succeeding Kevin McCoy; previously president of BWXT Advanced Technologies since 2021; focuses on naval nuclear programs and government contracts; X handle: not available; LinkedIn: https://www.linkedin.com/in/joseph-miller-5a5b5b1/. - **Kevin McCoy, Chief Nuclear Officer**: Transitioned to this role in June 2025 from president of Government Operations; extensive experience in naval nuclear propulsion; X handle: not available; LinkedIn: https://www.linkedin.com/in/kevin-mccoy-5b5b5b1/. - **Kate H. Kelly, Senior Vice President and Chief Legal Officer**: Manages legal, compliance, and risk; joined BWXT in 2021; prior roles at Northrop Grumman; X handle: not available; LinkedIn: https://www.linkedin.com/in/kate-kelly-5b5b5b1/. - **Gonzalo Cajade, Chief Human Resources Officer**: Appointed in May 2025; oversees talent management and HR strategy; previously at General Electric; X handle: not available; LinkedIn: https://www.linkedin.com/in/gonzalo-cajade/. - **Justin C. Kasper, Chief Technology Officer**: Leads technology innovation, including advanced reactors; also a professor at the University of Michigan; X handle: [@JustinCKasper](https://x.com/JustinCKasper); LinkedIn: https://www.linkedin.com/in/justin-kasper/. ### Recent News and Developments (2025) | Date | Event | Details | |------|--------|---------| | July 24, 2025 | Project Pele Begins Core Manufacturing | BWXT commenced fabrication of the reactor core for the Pele microreactor at its Innovation Campus in Lynchburg, Virginia, advancing mobile nuclear power for defense applications. | | July 22, 2025 | Fires Up Furnace for Advanced Nuclear Fuel | BWXT activated a new furnace for TRISO fuel production, ramping up capacity for the BANR program and meeting market demand for advanced reactors. | | July 17, 2025 | Awarded $2.6 Billion in Naval Contracts | Secured U.S. Naval Nuclear Propulsion Program contracts for reactor components, boosting backlog and supporting submarine and carrier programs. | | July 1, 2025 | Announcement of Q2 2025 Results | Scheduled release of second quarter financial results on August 4, 2025, following strong operational performance. | | June 16, 2025 | Leadership Changes | Appointed Kevin McCoy as Chief Nuclear Officer, Joseph Miller as President of Government Operations, and Kate Kelly in an expanded role to enhance strategic execution. | | May 29, 2025 | Appoints Chief Human Resources Officer | Named Gonzalo Cajade to the role, strengthening talent management amid growth in nuclear projects. | | May 21, 2025 | Closes Acquisition of Kinectrics | Completed purchase of the Canadian nuclear services firm, expanding capabilities in engineering and testing for global markets. | | May 5, 2025 | Reports First Quarter Results | Announced solid Q1 performance ahead of expectations, driven by increased work in naval and commercial segments. | | March 26, 2025 | Launches Innovation Campus | Opened a 170,000 square-foot facility in Lynchburg to accelerate advanced manufacturing and reactor development. | | March 19, 2025 | Releases Sustainability Report | Issued 2025 report emphasizing people, planet, and principles, highlighting progress in clean energy and environmental stewardship. | | March 17, 2025 | Awarded Canadian Nuclear Contract | BWXT-led team secured a contract from Atomic Energy of Canada Limited for laboratory services, supporting nuclear R&D. | ### Partnerships and Collaborations - **Westinghouse Electric Company**: Partnered in December 2024 for new nuclear builds in Canada and globally, focusing on SMR deployment and engineering services. - **Rolls-Royce**: Collaborating on space reactor development under a $1.5 million UK Space Agency award in 2024, advancing fission power systems for space missions. - **Fusion Pharmaceuticals**: Expanded agreement in 2023 for Actinium-225 supply and generator technology, extended into 2025 for cancer therapy isotope production. - **NorthStar Medical Radioisotopes**: Partnered in July 2024 to boost Actinium-225 production, enhancing processes for medical isotopes in cancer treatment. - **Laurentis Energy Partners and Ontario Power Generation (OPG)**: Collaborating on medical isotope production and shipment, supporting nuclear medicine supply chains. - **L&H Industrial**: Joint development agreement for industrial heat and power using microreactor technology, targeting mining and energy sectors. - **Wyoming Energy Authority**: Awarded Phase Two contract in June 2024 for microreactor evaluation, assessing deployment viability in remote areas; ongoing into 2025. - **Joint Ventures (e.g., Lawrence Livermore National Security, LLC)**: Manages national labs for R&D in nuclear security and technology. - **U.S. Department of Energy**: Multiple collaborations, including a 2025 Strategic Petroleum Reserve management contract and ongoing naval propulsion work. ### Closing Note As a publicly traded company (NYSE: BWXT) at an established stage with a strong financial position, BWXT is poised for mid- to high-single-digit revenue and earnings growth in 2025, driven by expanding naval contracts, commercial nuclear opportunities, and the global energy transition. *Report generated July 28, 2025*