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News Releases

BWXT Subsidiary Awarded Design and Manufacturing Contracts for HPR1000 Plant in Guangxi, China

17 August 2015

(LYNCHBURG, VA – August 17, 2015) – BWX Technologies, Inc. (NYSE:BWXT) announced today that its subsidiary BWXT Canada Ltd. has been awarded major contracts for steam generator design and component manufacturing for the HPR1000 nuclear plant in Guangxi, China. 

The steam generator design contract for Guangxi Fangchenggang Nuclear Power Co., Ltd.’s (GFNP) Units 3 and 4 was awarded by China Nuclear Power Engineering Co. Ltd. and China Nuclear Power Design Company Ltd., which are the wholly-owned subsidiaries of China General Nuclear Power Corporation. 

Contracts for the manufacture of steam generator components for GFNP’s Unit 3 and manufacturing support for GFNP’s Unit 4 were awarded by Dongfang Electric Corporation Limited and Dongfang (Guangzhou) Heavy Machinery Corporation Limited. 

“We look forward to supplying high-quality designed and manufactured components to support the long-term operation of the Fangchenggang Nuclear Power Plant,” said BWXT Canada President John MacQuarrie. “We are proud to have been selected for these steam generator design and manufacturing contracts and look forward to further expanding our international presence.” 

Delivery of the steam generator components is scheduled for 2018. 

About BWXT

Headquartered in Lynchburg, Va., BWX Technologies, Inc. (BWXT) is a leading supplier of nuclear components and fuel to the U.S. government; provides technical, management and site services to support governments in the operation of complex facilities and environmental remediation activities; and supplies precision manufactured components and services for the commercial nuclear power industry. BWXT has more than 5,200 employees and significant operations in Lynchburg, Va.; Erwin, Tenn.; Mount Vernon, Ind.; Euclid, Ohio; Barberton, Ohio; and Cambridge, Ontario, as well as more than a dozen U.S. Department of Energy sites around the country. Follow us on Twitter @BWXTech and learn more at  www.bwxt.com. 

Forward-Looking Statement

BWXT cautions that this release contains forward-looking statements, including statements relating to international expansion and the performance, to the extent it can be viewed as an indicator of future revenues, of the GFNP contracts. These forward-looking statements involve a number of risks and uncertainties, including, among other things, international demand for nuclear power, delays or other difficulties in contract execution, or modification or termination of the contracts.  If one or more of these or other risks materialize, actual results may vary materially from those expressed. For a more complete discussion of these and other risk factors, please see BWXT's annual report on Form 10-K for the year ended December 31, 2014 and subsequent quarterly reports on Form 10-Q filed with the Securities and Exchange Commission.  BWXT cautions not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and undertakes no obligation to update or revise any forward-looking statement, except to the extent required by applicable law. 

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Media Contact                                                       

Natalie Cutler
Communications Manager, BWXT Canada Ltd.
519.620.5288
nacutler@bwxt.com

Investor Contact
Alan Nethery
Vice President, Investor Relations
980.365.4300
manethery@bwxt.com