All DOE Contracts — May 10, 2026

Nuclear Fuel Services Inc., a subsidiary of BWX Technologies, Inc., received a $209,699,872 firm fixed price contract from DOE/NNSA for enriched uranium conversion and purification, with $185,102,338 outlayed to date on a 5-year performance period through April 9, 2028; potential expansion to $428,560,690 including options provides multi-year revenue visibility.

High pricing risk on the firm fixed price $209.7M DOE/NNSA contract to Nuclear Fuel Services Inc., a BWX Technologies, Inc. subsidiary, where performance through 2028-04-09 exposes the contractor to cost overruns without reimbursement.

Non-competed award to Nuclear Fuel Services Inc. (BWX Technologies, Inc. subsidiary) offers path to $428.6M total value via option exercises on the DOE/NNSA enriched uranium services contract.

DOE/NNSA awarded a non-competed $209.7M firm fixed price contract to Nuclear Fuel Services Inc. for enriched uranium conversion and purification (NAICS 325180, PSC F999), with $185.1M outlayed early in the 5-year term, indicating priority on nuclear environmental services.

{"entity"=>"BWX Technologies, Inc.", "reason"=>"$209.7M obligation to subsidiary Nuclear Fuel Services Inc. with $185.1M outlayed and potential to $428.6M via options on DOE/NNSA contract.", "trigger"=>"progress toward full $209.7M outlay; exercise of options; modifications to 2028-04-09 end date"}