BWXT Selected as Nuclear Fuel and Component Manufacturer for Air Force Research Laboratory’s JETSON Program
November 08 2023 - 6:45AM
Business Wire
BWX Technologies, Inc. (NYSE: BWXT) today announced that it has
been selected as the nuclear fuel and components manufacturer for
the Air Force Research Laboratory’s Joint Emergent Technology
Supplying On-Orbit Nuclear (JETSON) high power mission application
program, which will mature high-power nuclear electric power and
propulsion technologies and spacecraft design.
Working as part of a team led by Lockheed Martin and including
Space Nuclear Power Corporation (SpaceNukes), BWXT Advanced
Technologies LLC (BWXT) will lead manufacturing and testing
activities for nuclear fuels and components and support design and
system integration under the program.
The JETSON team will address the growing need for advanced
spacecraft mobility, space situational awareness and power
generation that surpasses traditional spacecraft capabilities.
JETSON is designed to use a fission reactor to generate heat to
produce between 6 kWe and 20 kWe of electricity – four times the
power of conventional solar arrays without the need to be in
continuous sunlight. The reactor draws heavily from the design and
lessons of the 2018 Kilopower Reactor Using Stirling Technology
(KRUSTY) demonstration led by NASA and the National Nuclear
Security Administration.
“BWXT’s support as the nuclear manufacturer on the JETSON
program complements Lockheed Martin’s heritage space flight
capabilities and SpaceNukes’ nuclear design expertise,” said Joe
Miller, BWXT Advanced Technologies LLC president. “Our extensive
nuclear fuel and component manufacturing experience on new and
legacy programs, along with our unique infrastructure, will help
the team build upon the KRUSTY demonstration, positioning it to
deliver and fly a space nuclear system under the JETSON
program.”
BWXT’s work on this program will primarily be conducted at the
company’s Lynchburg, Virginia-area facilities.
About BWXT
At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong,
Innovation Driven. Headquartered in Lynchburg, Virginia, BWXT is a
Defense News Top 100 manufacturing and engineering innovator that
provides safe and effective nuclear solutions for global security,
clean energy, environmental restoration, nuclear medicine and space
exploration. With more than 7,000 employees, BWXT has 14 major
operating sites in the U.S., Canada and the U.K. In addition, BWXT
joint ventures provide management and operations at a dozen U.S.
Department of Energy and NASA facilities. For more information,
visit www.bwxt.com. Follow us on LinkedIn, X, Facebook and
Instagram.
Forward Looking Statements
BWXT cautions that this release contains forward-looking
statements, including statements relating to the performance, scope
and timing of the nuclear manufacturing and testing contract for
the JETSON program. These forward-looking statements involve a
number of risks and uncertainties, including, among other things,
modification or termination of the contract, delays or other
difficulties in the commencement or execution of the contract, the
expected duration of the contract and any changes to government
appropriations for the JETSON program. If one or more of these or
other risks materialize, actual results may vary materially from
those expressed. For a more complete discussion of these and other
risk factors, please see BWXT’s annual report on Form 10-K for the
year ended December 31, 2022 filed with the Securities and Exchange
Commission. BWXT cautions not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
release, and undertakes no obligation to update or revise any
forward-looking statement, except to the extent required by
applicable law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231106003087/en/
Media Jud Simmons Senior Director, Media & Public Relations
434.522.6462 hjsimmons@bwxt.com
Investors Chase Jacobson Vice President, Investor Relations
980.365.4300 investors@bwxt.com
BWX Technologies (NYSE:BWXT)
Historical Stock Chart
From Apr 2024 to May 2024
BWX Technologies (NYSE:BWXT)
Historical Stock Chart
From May 2023 to May 2024