BWXT-led Team Inks Up To 20-Year, $30B Management And Operating Contract For National Nuclear Security Administration's Pantex Plant
Portfolio Pulse from Benzinga Newsdesk
BWX Technologies, Inc. (NYSE:BWXT) has secured a management and operations contract for the Pantex Plant from the U.S. Department of Energy's National Nuclear Security Administration. The contract, awarded to PanTeXas Deterrence LLC, could span up to 20 years and be worth approximately $30 billion if all options are exercised.
June 14, 2024 | 1:08 pm
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BWX Technologies, Inc. (NYSE:BWXT) has been awarded a significant contract by the DOE/NNSA for the management and operations of the Pantex Plant. The contract could last up to 20 years and be worth approximately $30 billion if all options are exercised.
The contract award is a significant win for BWXT, potentially providing a stable revenue stream for up to 20 years. This is likely to positively impact BWXT's stock price in the short term as investors react to the news.
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