• BWX Technologies Inc (NYSE: BWXT) has secured an engineering contract from GE Hitachi Nuclear Energy (GEH) for its BWRX-300 small modular reactor (SMR) reactor pressure vessel (RPV). Financial terms were not disclosed.

• Established in 2007, GEH is a global nuclear alliance created by General Electric Company (NYSE: GE) and Hitachi Ltd. (OTC: HTHIY) to serve the global nuclear industry.

• This announcement is subsequent to a teaming agreement entered in 2021 to cooperate on engineering and procurement to support the design, manufacturing and commercialization of the BWRX-300 SMR.

• Engineering analysis, design support, manufacturing, and procurement planning are among the tasks related to the contract.

• "Intricate design projects like the RPV for GEH's BWRX-300 are well-suited for BWXT's engineering capabilities, as BWXT excels in supplying design solutions for complex nuclear components that BWXT can efficiently manufacture," commented John MacQuarrie, president of BWXT Commercial Operations.

• Price Action: BWXT shares traded higher by 1.45% at $62.77 on the last check Tuesday.

• Photo Via Company

Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.

This article BWXT Pockets Engineering Contract From GE Hitachi For Small Modular Reactor originally appeared on Benzinga.com

.

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.