BWX Technologies to Announce First Quarter 2022 Results on Monday, May 9 and Issues Interim Update on Key Initiatives
March 30 2022 - 4:36PM
Business Wire
BWX Technologies, Inc. (BWXT) (NYSE: BWXT) will issue a press
release detailing first quarter 2022 results on Monday, May 9,
2022, after market close and will host a conference call at 5:00
p.m. EDT.
Listen-only participants are encouraged to participate and view
the supporting presentation via the Internet at
www.bwxt.com/investors. The dial-in numbers for participants are
(U.S.) 844-850-0542 and (International) 412-317-6014. All
participants should ask to be joined into the BWX Technologies
(BWXT) call. A replay of the call will remain available on the BWXT
website for a limited time.
BWXT also announced today that it has made progress on a number
of key initiatives.
Savannah River Site Contract
BWXT joint venture Savannah River Mission Completion, LLC
recently completed transition of the liquid waste program into the
Integrated Mission Completion Contract (IMCC) for the U.S.
Department of Energy at the 310-square-mile Savannah River Site. A
month after assuming responsibility for the liquid waste program,
the Salt Waste Processing Facility (SWPF) was successfully
transitioned into the IMCC. The contract is estimated at $21
billion over a 10-year ordering period for operating facilities for
liquid waste stabilization/disposition, including work at the SWPF,
as well as potential future nuclear materials management and
stabilization scope.
Tc-99m Generator Project
BWXT completed the installation of the first phase of the target
delivery system this month and has completed the installation,
testing and commissioning of the radiopharmaceutical production
equipment. Next week we plan to begin final qualification runs
supporting registration batches required for a comprehensive FDA
submittal. The project team has encountered some minor delays
related to the supply chain as well as process and equipment
modifications. As a result, the FDA submission has been slightly
delayed from our prior timing guidance, but remains imminent.
Project Pele Program
BWXT also completed its submission to the U.S. Department of
Defense Strategic Capabilities Office for phase 2 of its Project
Pele program to build an operating and transportable microreactor
prototype. This effort is designed to leverage state-of-the-art
technologies and recent advances in nuclear engineering to deliver
an inherently safe nuclear reactor for deployment in remote or
challenging locations. BWXT has previously been selected for two
rounds of funding and participation in the program. This phase 2
award announcement is expected in the summer of 2022.
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 current or future
contracts, expected work, or the exercise of any contract options
or extensions, as well as the timing, performance and impact of the
Tc-99m generator project, commercial production, regulatory
submissions, qualifications and approvals. These forward-looking
statements involve a number of risks and uncertainties, including,
among other things, award, modification or termination of the
contract, funding of current or future work, and delays in
technology implementation; changes in market demand for, delays in
and commercialization of our Tc-99m production; our ability to
obtain the necessary regulatory approvals, licenses and permits to
commercialize this product in a timely manner; competition in an
environment of rapid technological change; and the enforcement and
protection of our intellectual property rights. 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, 2021 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, Virginia, BWXT is a
Fortune 1000 and Defense News Top 100 manufacturing and engineering
innovator that provides safe and effective nuclear solutions for
global security, clean energy, environmental remediation, nuclear
medicine and space exploration. With approximately 6,600 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/20220330005886/en/
Media Contact Jud Simmons Director, Media and Public
Relations 434.522.6462 hjsimmons@bwxt.com
Investor Contact Mark Kratz Vice President, Investor
Relations 980.365.4300 investors@bwxt.com
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