BWX Technologies secures naval nuclear reactor component contract worth up to $2.6 billion

(Reuters) -BWX Technologies said on Thursday it has secured contracts worth $2.6 billion, including future options, to manufacture components for nuclear submarines and an aircraft carrier for the U.S. Navy.

The United States has been modernizing its nuclear-powered Navy fleet as part of broader efforts to counter China’s growing influence in the Indo-Pacific region.

In 2023, Reuters reported that the U.S. Navy was carrying out its largest revamp of its top-secret undersea surveillance network since the 1950s.

Last month, Raytheon, RTX’s defense arm, said it had been awarded a $1.1 billion contract from the U.S. Navy to produce short-range missiles.

BWX said the products under its contract will be delivered in the next six to eight years.

(Reporting by Aishwarya Jain in Bengaluru; Editing by Tasim Zahid)

More From Author

Analysis-Lofty US stock market valuations bank on earnings strength

Trump faces backlash as 69% believe Epstein details concealed, Reuters/Ipsos poll finds

Live Market Pulse

The charting technology is provided by TradingView. Learn how to use theTradingView Stock Screener.

Categories