Allegheny Technologies Inc., Pittsburgh, announces that it has signed a new long-term agreement with BWX Technologies Inc., Lynchburg, Va., to supply materials used in the manufacture of naval nuclear reactor components. This agreement begins in 2019 with the supply of long lead-time materials, and runs through mid-2026. ATI anticipates revenues totaling approximately $600 million over the multi-year period.
“We are delighted to extend our long-standing relationship with BWXT to help propel the U.S. Navy’s nuclear-powered carriers and submarines,” said Robert S. Wetherbee, ATI’s President and Chief Executive Officer. “Our history of innovative naval propulsion materials spans over 50 years, including products used on the U.S. Navy’s first nuclear-powered submarine. ATI’s deep materials science expertise and unique process capabilities allow us to produce materials that play an important role in BWXT’s mission for the U.S. Navy.”
BWX announced recently that the U.S. Naval Nuclear Propulsion Program has awarded subsidiary BWXT Nuclear Operations Group Inc. a contract with options totaling approximately $806 million for the procurement of long-lead materials required for the manufacture of naval reactor components.
