BWXT-led Team Inks Up To 20-Year, $30B Management And Operating Contract For National Nuclear Security Administration's Pantex Plant

6/14/24 9:08:49 AM ET

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BWX Technologies, Inc. (NYSE:BWXT) today announced a contract award from the U.S. Department of Energy, National Nuclear Security Administration (DOE/NNSA) for management and operations of the Pantex Plant. Following an initial term of five years, NNSA has the ability to award three additional five-year option periods. If all contract options are exercised, the contract will span 20 years at a funding level of approximately $30 billion.

The NNSA announced the contract was awarded to PanTeXas Deterrence LLC (PXD). PXD is a joint venture led by a BWX Technologies, Inc. (BWXT) subsidiary – it also includes Fluor; SOC, A Day & Zimmermann Company; and The Texas A&M University System.

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Recent Analyst Ratings for
$BWXT

Date	Price Target	Rating	Analyst
11/12/2024	$148.00	Neutral → Overweight	Alembic Global Advisors
7/24/2024	$75.00 → $90.00	Equal Weight → Underweight	Barclays
6/27/2024	$113.00	Buy	Janney
6/26/2024	$110.00	Buy	BTIG Research
6/3/2024		Buy	CLSA
3/25/2024	$110.00 → $95.00	Buy → Hold	Truist
11/3/2023	$79.00 → $82.00	Overweight → Neutral	Alembic Global Advisors
9/28/2023	$86.00	Buy	Deutsche Bank

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BWXT-led Team Inks Up To 20-Year, $30B Management And Operating Contract For National Nuclear Security Administration's Pantex Plant

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