CORIUMNuclear Regulatory Intelligence
Live Data
MICROREACTOR CIRCUIT · TRACKED →
FUEL CIRCUIT · TRACKED →
SPACE NUCLEAR CIRCUIT · TRACKED →
← ALL COMPANIES

BWXT

ACTIVEMICROREACTORFUELSPACE NUCLEAR
Active Projects
BWRX-300 Reactor Pressure Vessel — Darlington
MANUFACTURING
REACTOR TYPE
BWRX-300 Boiling Water SMR (GE Vernova Hitachi design)
LOCATION
BWXT Cambridge, Ontario
CUSTOMER
Ontario Power Generation (Darlington New Nuclear Project)

BWXT manufacturing the reactor pressure vessel for OPG's Darlington BWRX-300 — first commercial BWRX-300 deployment globally. Darlington is the first commercial advanced SMR project in North America to break ground.

BWXT Advanced Fuels — TRISO Commercialization
ACTIVE PRODUCTION
REACTOR TYPE
TRISO fuel (high-temperature, low-enriched uranium)
LOCATION
Lynchburg, VA (Specialty Fuels Fabrication)
CUSTOMER
Antares Nuclear (active), ~12 advanced reactor developers in pilot/demo stages

Subsidiary launched August 2025 to commercialize TRISO fuel for the advanced reactor wave. Currently produces 1-2 reactors-worth annually at Lynchburg. Manufactured TRISO since 2003 in partnership with Idaho National Laboratory under DOE Advanced Gas Reactor Fuel Development Program. Also shipped 100+ kg purified HALEU oxide to DOE programs.

Kozloduy Units 7 & 8 — Owner's Engineer
ENGINEERING
REACTOR TYPE
Westinghouse AP1000 (Generation III+)
LOCATION
Bulgaria
CUSTOMER
Kozloduy NPP (Bulgarian state utility)

BWXT serves as Owner's Engineer in a three-party consortium for Bulgaria's Kozloduy New Build Units 7 & 8 — two Westinghouse AP1000 reactors. Full contract spans approximately 10 years and is valued at hundreds of millions of euros.

Naval Nuclear Propulsion Program
ACTIVE PRODUCTION
REACTOR TYPE
Pressurized Water Reactor (Navy classified)
FUEL
Highly Enriched Uranium (HEU)
TARGET DATE
NaN
LOCATION
Lynchburg VA, Erwin TN, Mount Vernon IN, Barberton OH, plus other facilities
CUSTOMER
US Navy — Ohio, Virginia, Seawolf, Los Angeles, Columbia class submarines + Nimitz, Ford class aircraft carriers
DOE SUPPORT
Sole-source US Naval Nuclear Propulsion Program contractor since the 1950s (USS Nautilus components)

BWXT's largest business segment. Manufactures and assembles complete naval nuclear reactor assemblies. Recent contracts: $2.1B (Feb 2025), $2.6B (July 2025) for Virginia/Columbia subs + Ford carriers, $174M (Sept 2025) naval nuclear fuel via Nuclear Fuel Services in Erwin TN. Total recent contract value over $4.9B in calendar 2025.

Space Nuclear — Post-DRACO Pivot
REPOSITIONING
LOCATION
Lynchburg VA — BWXT Advanced Technologies
CUSTOMER
NASA, DoD (future programs)

BWXT's flagship space-nuclear program DRACO (nuclear thermal propulsion subcontract under Lockheed Martin) was cancelled by DARPA + NASA in May/June 2025 in the FY2026 budget. Cancellation cited declining ROI vs falling SpaceX/Starship launch costs. BWXT retains 22+ years of TRISO and HALEU expertise applicable to next-generation programs including USAF/AFRL JETSON nuclear electric propulsion and Fission Surface Power for lunar missions. Historical NTP/HALEU work delivered.

Project Pele — Transportable Microreactor
MANUFACTURING
1.5 MWe
REACTOR TYPE
High-Temperature Gas-Cooled Reactor (Generation IV HTGR)
COOLANT
Helium gas
FUEL
TRISO HALEU
TARGET DATE
2028
LOCATION
BWXT Innovation Campus, Lynchburg VA (manufacturing); Idaho National Laboratory (assembly + testing)
CUSTOMER
US Department of Defense Strategic Capabilities Office

First US advanced nuclear microreactor under DoD prime contract. Transportable in four 20-ft shipping containers. Designed to deliver 1.5 MWe for up to 3 years without refueling. Per Executive Order 14299 (May 2025), targeting commercial operation at a domestic military base by Sept 30, 2028. TRISO fuel core fully fabricated. Integration partners: Rolls-Royce LibertyWorks (power conversion module), Northrop Grumman, Aerojet Rocketdyne, Torch Technologies.

Funding Intelligence
DOE Grant$13MDOE
Q1 2020

DOE microreactor program funding (2020). Predates the 2022 DoD Project Pele $300M prime contract award. BWXT's early TRISO + microreactor R&D investment.

DOE Grant$20MNNSA
Q1 2022

NNSA nuclear thermal propulsion contract (2022) supporting BWXT's subcontractor work on the DRACO program (Lockheed Martin prime, $499M total NASA + DARPA). NOTE: DRACO program cancelled by DARPA + NASA in May/June 2025 due to declining ROI vs falling launch costs. BWXT's space-nuclear future now pivots toward Nuclear Electric Propulsion (NEP) and Fission Surface Power (FSP).

Acquisition (BWXT as acquirer)$100M (BWXT acquired)
Q1 2025

BWXT completed $100M acquisition of L3Harris Aerojet Ordnance Tennessee in Jonesborough, TN. Bought additional Tennessee land April 2025 for new facility expansion.

Company Snapshot
CEO
Rex D. Geveden
Stock Price
Last Round
$100M (BWXT acquired)
Q1 2025
Funding Stage
Public
Founded
2015
HQ
Lynchburg, USA
Customer
Ontario Power Generation (Darlington New Nuclear Project)
2025 Revenue
$3.2B
Headcount
10,000
Key Investors
DOE
NNSA