BWX Technologies, Inc. (NYSE: BWXT) is a global leader in nuclear components and fuel manufacturing, with roots tracing back to the Babcock & Wilcox Company’s nuclear operations founded in the mid-20th century. The company was established as an independent, publicly traded entity in 2015, when it spun off from its parent to focus exclusively on nuclear technologies and services. Over the decades, BWXT has evolved through strategic acquisitions and internal innovation to become a key technology partner for government and commercial customers around the world.
BWXT’s core business is organized into two operating segments: Naval Nuclear and Nuclear Operations Group. The Naval Nuclear segment designs, manufactures and overhauls naval nuclear propulsion systems, providing reactor cores, fuel and related components for the U.S. Navy’s aircraft carriers and submarines. This segment also offers long-term engineering and maintenance services to ensure fleet readiness and safety. The Nuclear Operations Group encompasses commercial nuclear fuel and reactor components, small modular reactor (SMR) development, and the production of medical isotopes for diagnostic and therapeutic applications.
In the commercial realm, BWXT manufactures uranium fuel assemblies for light water reactors, supplies Zircaloy cladding and advanced materials, and supports life-extension programs for existing nuclear power plants. The company’s SMR initiatives focus on the design and licensing of cost-effective reactors with enhanced safety features for industrial and utility markets. Additionally, BWXT is among the few U.S. producers of molybdenum-99, a critical isotope used in medical imaging, and it advances research into next-generation radioisotopes.
BWXT operates from manufacturing sites and research facilities across North America, Europe, the Middle East and Asia, serving a diverse global customer base. Under the leadership of President and CEO John J. MacPherson, the company emphasizes quality assurance, regulatory compliance and innovation in nuclear science. BWXT continues to pursue strategic partnerships and technology investments aimed at supporting clean energy initiatives, national security programs and the evolving needs of the nuclear industry.
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