Sept 16 (Reuters) - BWX Technologies ( BWXT ) said on
Tuesday it had secured a $1.5 billion contract from the U.S.
National Nuclear Security Administration to develop domestic
uranium enrichment capabilities for defense purposes.
The semi-autonomous nuclear agency, part of the
Department of Energy, aims to establish a reliable supply of
low-enriched uranium for tritium production and highly enriched
uranium for naval nuclear propulsion, the NNSA said in a
statement.
The production plant will be located in Erwin, Tennessee.
In July, BWX secured a $2.6 billion order to manufacture
components for nuclear submarines and an aircraft carrier for
the U.S. Navy.
Shares of BWX were up 1.4% in extended trading.