July 17 (Reuters) -
BWX Technologies ( BWXT ) said on Thursday it has secured
contracts worth $2.6 billion, including future options, to
manufacture components for nuclear submarines and an aircraft
carrier for the U.S. Navy.
The United States has been modernizing its nuclear-powered
Navy fleet as part of broader efforts to counter China's growing
influence in the Indo-Pacific region.
In 2023, Reuters reported that the U.S. Navy was carrying
out its largest revamp of its top-secret undersea surveillance
network since the 1950s.
Last month, Raytheon, RTX's defense arm, said it had been
awarded a $1.1 billion contract from the U.S. Navy to produce
short-range missiles.
BWX said the products under its contract will be
delivered in the next six to eight years.