BWXT Awarded CA$40 Million Contract to Supply Heat Exchangers for Bruce Power
August 19 2021 - 6:45AM
Business Wire
BWX Technologies, Inc. (NYSE: BWXT) today announced a contract
from Bruce Power valued at approximately CA$40 million to supply
four moderator heat exchangers.
The contract, which will be executed by subsidiary BWXT Canada
Ltd. at its Cambridge, Ontario facility, involves engineering and
fabrication of these specialized components. Moderator heat
exchangers are large components that remove heat from the moderator
system of CANDU® nuclear reactors.
Engineering work associated with the contract has commenced,
with fabrication expected to start later this year. The first two
moderator heat exchangers will be delivered in 2024, with the
remaining two units scheduled for delivery in 2025.
“These components are designed for reliable, long-term operation
to help Bruce Power continue to provide Ontario with non-emitting,
stable and cost-effective electricity for many years to come,” said
John MacQuarrie, president of BWXT’s Nuclear Power Group. “This
contract, along with several others we have with Bruce Power, is
sustaining a very significant number of highly skilled jobs for our
Cambridge operations.”
BWXT Canada Ltd. has over 60 years of expertise and experience
in the design, manufacturing, commissioning and service of nuclear
power generation equipment. This includes steam generators, nuclear
fuel and fuel components, critical plant components, parts and
related plant services.
Forward Looking Statements
BWXT cautions that this release contains forward-looking
statements, including statements relating to the performance,
timing, impact and value, to the extent contract value can be
viewed as an indicator of future revenues, of the moderator heat
exchangers contract. These forward-looking statements involve a
number of risks and uncertainties, including, among other things,
modification or termination of the contract and delays. 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, 2020 and subsequent
quarterly reports on Form 10-Q 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.
About BWXT
At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong,
Innovation Driven. Headquartered in Lynchburg, Va., BWXT provides
safe and effective nuclear solutions for global security, clean
energy, environmental remediation, nuclear medicine and space
exploration. With approximately 6,700 employees, BWXT has 12 major
operating sites in the U.S. and Canada. In addition, BWXT joint
ventures provide management and operations at more than a dozen
U.S. Department of Energy and NASA facilities. Follow us on Twitter
at @BWXT and learn more at www.bwxt.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210819005053/en/
Media Contact Natalie Cutler Director, Communications,
BWXT Canada Ltd. 519-620-5288 nacutler@bwxt.com
Investor Contact Mark Kratz Vice President, Investor
Relations 980.365.4300 investors@bwxt.com
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