:

General

BWXT Earnings Buoyed By Weapons Complex Wins, Nuclear Power

Wayne Barber

Tuesday, February 25th, 2025

SHARE:

BWXT Earnings Buoyed By Weapons Complex Wins, Nuclear Power

Shot of Female Government Agent Tracking Fugitive with Her Computer in Big Monitoring Room Full of Computers with Animated Screens.

Earnings rose at BWX Technologies [BWXT] in the fourth quarter, and 2024 as a whole, which the company chalked up partly to Department of Energy contracts and rising interest in commercial nuclear power. Net earnings for the fourth quarter ended Dec. 31 were $71.1 million, or $ 0.77 a share up from $ 66.3 million or $0.72 per share in the year-ago quarter. Quarterly revenue was $ $746.3 million up year-over-year from $725.5 million, BWXT said in a Monday press…

Army

Army Relooking At Its ‘Whole Aviation Transformation’ Plan, Acting Chief Tells Lawmakers

The Army is relooking at its “whole aviation transformation initiative,” the service’s acting chief of staff told lawmakers on Tuesday, to include its approach for future procurement of “enduring” platforms. […]

Army

Lawmakers Request DoD Briefing On Army’s Planned Cuts To Aviation Procurement

A bipartisan group of House lawmakers has sent a letter asking the Pentagon for a briefing on the potential industrial base impacts as a result of the Army’s planned cuts […]

Congress

CENTCOM Looking To Lessons Learned From Use Of LUCAS Drones

U.S Central Command (CENTCOM) is looking to lessons learned from its use of Low-cost Unmanned Combat Attack System (LUCAS) drones by Phoenix-based SpektreWorks, according to CENTCOM head Adm. Brad Cooper. […]

Army

Hegseth Says DoD Open To Reviewing Army’s Planned Cuts To Legacy Helicopter Procurement

Defense Secretary Pete Hegseth has told lawmakers the Pentagon is open to reviewing the Army’s planned procurement cuts to its legacy manned aviation fleet. Rep. Rosa DeLauro (D-Conn.), ranking member […]