![[bwxt-logo.webp|300]] Website: [bwxt.com](https://www.bwxt.com) ### Introduction BWX Technologies, Inc. (BWXT), founded in 1867 as Babcock & Wilcox, has evolved from a boiler manufacturer into a leading provider of nuclear components and services. Headquartered in Lynchburg, Virginia, BWXT employs approximately 7,000 people across its operations in the United States, Canada, and the United Kingdom. The company’s mission is to deliver innovative nuclear solutions for a better world, focusing on applications in defense, clean energy, environmental restoration, and space exploration. BWXT is a publicly traded company listed on the New York Stock Exchange under the ticker symbol [BWXT](https://finance.yahoo.com/quote/BWXT/). Over its long history, BWXT has played a critical role in the nuclear industry, notably in supplying components for the U.S. Navy’s nuclear propulsion systems and commercial nuclear power plants. Today, the company is at the forefront of advanced nuclear technologies, including small modular reactors (SMRs), microreactors, and innovative nuclear fuels, positioning itself as a key player in the transition to cleaner, more sustainable energy systems. ### Key Products and Technology BWXT is involved in a diverse range of nuclear technologies and services, with a focus on both defense and commercial applications. Below are the major products and technologies currently under development or in production: - **BWXT Advanced Nuclear Reactor (BANR) - Small Modular Reactor (SMR)** - **Technical Specifications**: Designed to produce up to 300 MWe, with scalable configurations for smaller outputs. Specific efficiency metrics are not publicly disclosed. - **Fuel Type**: Likely to use low-enriched uranium (LEU), compatible with existing fuel cycles. - **Key Differentiators**: Modular design for cost-effective deployment, enhanced safety features through passive cooling systems, and adaptability for remote or grid-scale applications. - **Development Stage**: Concept and early design phase, with ongoing discussions for potential demonstration projects. - **Target Customers**: Utilities, industrial facilities, and government entities seeking reliable baseload power. - **Transportable Microreactor - Microreactor for Remote Applications** - **Technical Specifications**: Power output in the range of 1-10 MWe, designed for portability and rapid deployment. - **Fuel Type**: Uses TRISO (Tri-structural Isotropic) fuel, known for high safety and temperature resistance. - **Key Differentiators**: Compact and transportable design for off-grid locations, supported by the U.S. Department of Energy (DOE) for remote military and civilian applications. - **Development Stage**: Under development with DOE support, with a goal of demonstration within the next 14 years as of 2023 announcements found on [X](https://x.com/GovNuclear/status/1662969020155305984). - **Target Customers**: Military bases, remote communities, and disaster response units. - **TRISO Fuel - Advanced Nuclear Fuel** - **Technical Specifications**: Consists of uranium kernels encased in layers of carbon and silicon carbide for enhanced safety and durability. - **Fuel Type**: Uranium-based, often in the form of uranium nitride or oxide. - **Key Differentiators**: High burnup potential and inherent safety due to containment of fission products within the particle structure. - **Development Stage**: Production line operational as of 2025, with BWXT launching a dedicated subsidiary, BWXT Advanced Fuels, LLC, for commercialization [World Nuclear News](https://www.world-nuclear-news.org/articles/bwxt-launches-advanced-nuclear-fuel-subsidiary). - **Target Customers**: Advanced reactor developers, government programs, and commercial nuclear operators. - **Nuclear Thermal Propulsion (NTP) Systems - Space Propulsion Technology** - **Technical Specifications**: Capable of generating high thrust for space missions, with designs targeting 500 MW thermal output. - **Fuel Type**: Low-enriched uranium in pebble-bed or other configurations. - **Key Differentiators**: Enables faster interplanetary travel (e.g., to Mars) with greater efficiency compared to chemical rockets, supported by NASA contracts. - **Development Stage**: Preliminary design and testing phase, with ongoing contracts from NASA for development and demonstration [X](https://x.com/BWXT/status/1377659678289764358). - **Target Customers**: NASA and other space agencies for crewed and robotic missions. ### Regulatory and Licensing Status As a long-standing player in the nuclear sector, BWXT operates under strict regulatory oversight, primarily from the U.S. Nuclear Regulatory Commission (NRC) for its commercial nuclear activities and the Department of Energy (DOE) for defense-related work. For its advanced reactor designs, such as the BANR and transportable microreactor, BWXT is likely in the pre-application phase with the NRC, focusing on design development and safety analysis before formal licensing. Specific regulatory milestones for these projects are not publicly detailed as of the latest information available, but the company has a history of successful licensing for fuel fabrication and component supply [NRC.gov](https://www.nrc.gov). For TRISO fuel production, BWXT has achieved significant progress, with facilities operational and regulatory approvals in place for manufacturing. The company’s recent announcement of a TRISO fuel fabrication plant in Wyoming, supported by state funding, suggests compliance with [[Federal|federal]] and state regulations for fuel production [X](https://x.com/da_sails/status/2002198052656836880). The estimated timeline for first commercial deployment of advanced reactors like BANR remains unclear but is likely in the 2030s, aligning with broader industry timelines for SMRs and microreactors. Regulatory updates for space propulsion systems fall under NASA and DOE oversight, with no specific commercial licensing required at this stage. ### Team and Leadership BWXT’s leadership team combines deep expertise in nuclear engineering, defense contracting, and corporate strategy. Key executives include: - **Rex D. Geveden - President and CEO**: Geveden has led BWXT since 2017, bringing over 30 years of experience in technology and aerospace, including prior roles at NASA and Teledyne Brown Engineering. He drives the company’s focus on advanced nuclear solutions. - **Robb A. LeMasters - Senior Vice President and CFO**: LeMasters oversees financial strategy, with a background in investment banking and corporate finance, ensuring fiscal discipline for BWXT’s growth initiatives. - **Sharon Smoot - President, Nuclear Operations Group**: Smoot manages BWXT’s core nuclear manufacturing and defense contracts, leveraging decades of experience in naval nuclear propulsion programs. Specific social media handles for these executives are not verified or publicly available in the current data, so they are omitted. ### Funding and Financial Position As a public company, BWXT does not rely on traditional venture funding but generates capital through revenue, debt, and equity markets. Its market capitalization as of recent data is approximately $10-11 billion, with stock performance showing stability and moderate growth in 2025, reflecting investor confidence in nuclear energy’s resurgence [Yahoo Finance](https://finance.yahoo.com/quote/BWXT/). Specific institutional investors are not detailed in the latest updates, but BWXT benefits from long-term government contracts, particularly with the U.S. Navy and DOE, providing a stable revenue base. For specific projects, BWXT has secured government funding and grants. Notably, in 2025, Wyoming approved $100 million in state matching funds for a TRISO fuel fabrication facility, leveraging over $470 million in private investment [X](https://x.com/da_sails/status/2002198052656836880). Additionally, a £1.18 million funding award from the UK Space Agency supports lunar microreactor development [AInvest](https://www.ainvest.com/news/bwx-technologies-bwxt-strategic-bet-lunar-nuclear-energy-frontier-2508/). BWXT is revenue-generating, with established contracts in defense and commercial nuclear sectors, reporting consistent financial performance in recent quarters. ### Recent News and Developments | Date | Event | Details | |---------------|------------------------------------|----------------------------------------------------------------------------------------------| | Dec 20, 2025 | Wyoming Funding Approval | Wyoming approves $100M in state matching funds for BWXT’s TRISO fuel fabrication plant in Campbell County [X](https://x.com/da_sails/status/2002198052656836880). | | Aug 21, 2025 | Launch of BWXT Advanced Fuels | BWXT establishes a subsidiary for commercializing TRISO and other advanced nuclear fuels [World Nuclear News](https://www.world-nuclear-news.org/articles/bwxt-launches-advanced-nuclear-fuel-subsidiary). | | Aug 6, 2025 | Lunar Nuclear Contract Progress | BWXT secures a role in lunar nuclear energy with a $200M contract and £1.18M UK funding for microreactor development [AInvest](https://www.ainvest.com/news/bwx-technologies-bwxt-strategic-bet-lunar-nuclear-energy-frontier-2508/). | | Jul 25, 2025 | TRISO Fuel Line Operational | BWXT completes a new uranium nitride TRISO fuel production line for advanced reactors [X](https://x.com/OwenGregorian/status/1948717019051729072). | | Mar 13, 2025 | Industry Update Mention | BWXT featured in nuclear industry updates, reflecting ongoing relevance in advanced nuclear tech [ANS Nuclear Newswire](https://www.ans.org/news/2025-03-13/article-6819/industry-updatefebruary-2025/). | ### Partnerships and Collaborations - **U.S. Department of Energy (DOE)**: BWXT collaborates with DOE on microreactor development for remote applications, providing funding and technical support to demonstrate clean power solutions in isolated areas [X](https://x.com/GovNuclear/status/1662969020155305984). - **NASA**: Through contracts for Nuclear Thermal Propulsion (NTP), BWXT partners with NASA to develop propulsion systems for Mars missions, enhancing space exploration capabilities [X](https://x.com/BWXT/status/1377659678289764358). - **UK Space Agency and [[Rolls-Royce SMR|Rolls-Royce]]**: A strategic partnership for lunar microreactor development, supported by £1.18 million in funding, positions BWXT in the global race for space nuclear technology [AInvest](https://www.ainvest.com/news/bwx-technologies-bwxt-strategic-bet-lunar-nuclear-energy-frontier-2508/). - **Wyoming State Government**: Collaboration on a TRISO fuel fabrication facility, with $100 million in state funds matched by private investment, aims to onshore advanced nuclear fuel production [X](https://x.com/da_sails/status/2002198052656836880). ### New Hampshire Relevance BWXT’s technologies, particularly the BANR SMR and transportable microreactor, could align well with [[New Hampshire]]’s energy needs and policy goals. The state’s proximity to [[Seabrook Station]], one of the last operating nuclear plants in New England, and integration with the ISO-NE grid, offers potential for SMR deployment to supplement baseload power or replace aging infrastructure. BWXT’s focus on modular, scalable designs matches New Hampshire’s legislative interest in SMRs under bills like HB 710, which explore nuclear energy’s role in decarbonization. The technology readiness level of BWXT’s SMRs suggests deployment timelines in the 2030s, which may align with New Hampshire’s long-term energy planning for grid stability and data center growth in the region. Applications could include grid power for ISO-NE, dedicated power for industrial heat or data centers, and resilience for rural areas via microreactors. While no direct NH connections are documented in 2025 data, BWXT’s interest in Northeast markets (given Seabrook’s presence) and government partnerships indicate potential for future engagement. Stakeholder outreach or pilot projects could accelerate interest in the state. ### Competitive Position Compared to competitors like [[NuScale Power]] ([SMR](https://finance.yahoo.com/quote/SMR/)), which has an NRC-certified SMR design ready for deployment, BWXT lags in regulatory progress for commercial SMRs but excels in defense and fuel innovation with TRISO. Against [[Westinghouse Electric Company|Westinghouse]] Electric, a historic rival in nuclear components, BWXT differentiates through its space propulsion and microreactor focus, though it faces risks from slower SMR development. Relative to [[Oklo]] ([[[Oklo|OKLO]]](https://finance.yahoo.com/quote/OKLO/)), which targets fast deployment of microreactors, BWXT benefits from established government contracts but may lack the agility of newer entrants. Its unique advantage lies in diversified revenue from defense, reducing financial risk during commercial scale-up. ### Closing Note BWXT is a well-established nuclear technology leader with a promising trajectory in advanced reactors and fuels, poised for significant growth as global demand for clean energy and space exploration rises. *Report generated December 24, 2025*