BWXT Bags C$40M Contract To Supply Heat Exchangers

  • BWX Technologies Inc BWXT received a contract from Bruce Power valued at ~C$40 million to supply four moderator heat exchangers.
  • Subsidiary BWXT Canada Ltd. will execute the contract at its Cambridge, Ontario facility, which involves the engineering and fabrication of these specialized components.
  • Engineering work has commenced, with fabrication expected to start later this year. The first two moderator heat exchangers will be delivered in 2024, with the remaining two units in 2025.
  • Price Action: BWXT shares closed at $54.88 on Wednesday.
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