BWX Technologies
BWXT
BWX Technologies (BWXT) manufactures nuclear fuel, components, and services for commercial and naval reactors.
Produces TRISO fuel for X-energy; HALEU demonstration at Oak Ridge. 60% revenue from US Navy; commercial nuclear growing. Market cap $10B in 2024.
Why it matters now
HALEU production scale-up critical for 2025 SMR pilots; naval expertise supports microreactor supply chain.