BWX Technologies (NYSE: BWXT), a provider of safe and effective nuclear solutions, has announced a contract award from the U.S. Department of Energy's National Nuclear Security Administration for managing and operating the Pantex Plant, located in Texas. The initial contract term is five years, with three additional five-year options, potentially totaling 20 years and approximately $30 billion.

Pantex is crucial to the nation’s Nuclear Security Enterprise, ensuring the safety, security, and effectiveness of the nuclear weapons stockpile. It supports nuclear weapons life extension programs, surveillance, assembly, dismantlement, high explosive components development, and plutonium pit storage and surveillance.

Heatherly Dukes, president of BWXT stated: “This is an important contract win for us and leverages our unique core competencies and capabilities in nuclear operations.We look forward to getting started with a strong emphasis on safe and secure operations in full support of National Nuclear Security Administration’s integrated Nuclear Security Enterprise.”

BWXT Technologies is a US based provider of nuclear solutions, and has operations at dozens of U.S. Department of Energy facilities. 

Shares of BWXT Technologies trade on the NYSE under the ticker symbol BWXT.