BWX Technologies subsidiary gets US$122M contract for uranium de-enrichment The subsidiary, Nuclear Fuel Services, has been ‘downblending’ enriched uranium since 1995.
"Virginia’s BWX Technologies, Inc. (NYSE: BWXT), a multi-faceted nuclear tech company, has been awarded a US$122 million contract extension for uranium de-enrichment.
The company announced Wednesday that its Nuclear Fuel Services subsidiary would receive the funds from the Tennessee Valley Authority (TVA), a government-owned utility provider.
BWX already had a uranium “downblending” contract with the TVA, which has now been extended until 2027. Downblending is a process wherein highly-enriched uranium is converted into low-enriched uranium for commercial and domestic defence purposes.
The company says the contract extension will continue to support the National Nuclear Security Administration’s (NNSA) defence program goals. BWX obtained a US$428 million contract from the NNSA in April last year for highly-enriched uranium purification and conversion services. Its engagement with the Department of Energy’s nuclear agency is not new."
This contract extension enables operations and engineering continuity with our uranium conversion and purification contract with NNSA,” President Ronald K. Dailey said.
Nuclear Fuel Services has been downblending uranium since 1995 when the United States government selected it to contribute to Project Sapphire."
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