BWX Technologies Awarded Phase Two Microreactor Evaluation Contract For State of Wyoming; $20M Total Value Of Cost-Share Program And Phase Two Expected Completion By Q3 2025
Portfolio Pulse from Benzinga Newsdesk
BWX Technologies has been awarded a Phase Two microreactor evaluation contract for the State of Wyoming, with a total value of $20 million. The project is expected to be completed by Q3 2025. The support among Wyoming stakeholders and potential vendors was strong during Phase One of the cost-share program.
June 17, 2024 | 8:32 pm
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BWX Technologies has been awarded a $20 million Phase Two microreactor evaluation contract for the State of Wyoming, with completion expected by Q3 2025. This contract follows strong support from stakeholders and potential vendors during Phase One.
The awarding of the Phase Two contract to BWX Technologies signifies continued confidence and investment in their microreactor technology. The $20 million value and the expected completion by Q3 2025 indicate a significant revenue stream and potential for future contracts, positively impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100