(Reuters) -BWX Technologies 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 […]
Science
BWX Technologies secures naval nuclear reactor component contract worth up to $2.6 billion
Audio By Carbonatix
(Reuters) -BWX Technologies 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.
(Reporting by Aishwarya Jain in Bengaluru; Editing by Tasim Zahid)