Defense News

Defense News' Jen Judson elected as 115th President of the National Press Club

Retrieved on: 
Wednesday, December 15, 2021
Lahore Press Club, Pentagon, Board, Associated Press, Associated, Information, Science, Board of directors, Democracy, Journalism, Reliable Sources, Boston University, Defense News, Press club, Goal, Business Daily, Kenyon College, National Press Club (United States), Multimedia, Bloomberg, Head, Capitol Hill, Management, Public relations, Online gambling, Club

WASHINGTON, Dec. 15, 2021 /PRNewswire/ --Jen Judson, land warfare reporter for Defense News, was elected as the 115th president of the National Press Club , onFriday, December 10, 2021.

Key Points: 
  • WASHINGTON, Dec. 15, 2021 /PRNewswire/ --Jen Judson, land warfare reporter for Defense News, was elected as the 115th president of the National Press Club , onFriday, December 10, 2021.
  • I hope to double-down on Club efforts to promote a free press, to help protect press in danger, and to repair public trust.
  • She won the National Press Club's best analytical reporting award in 2014 and was named the Defense Media Awards' best young defense journalist in 2018.
  • Judson previously served as Club Secretary, on the board and as vice president to the outgoing president Lisa Nicole Matthews.

BWXT Hosting Investor Day on Nov. 16

Retrieved on: 
Monday, November 15, 2021
Aerospace, Manufacturing, Other Energy, Nuclear, Other Manufacturing, Other Defense, Defense, Alternative Energy, Contracts, Energy, Engineering, People, BWX Technologies, NYSE, BWXT, NASA, Twitter, United States Department of Energy, Defense News, Fortune 1000, Nuclear medicine, Renewable energy

BWX Technologies, Inc. (NYSE: BWXT) is hosting an Investor Day 8:30 a.m. to approximately 11:30 a.m.

Key Points: 
  • BWX Technologies, Inc. (NYSE: BWXT) is hosting an Investor Day 8:30 a.m. to approximately 11:30 a.m.
  • During the event, BWXT executives will discuss current operations and future vision across the companys portfolio of businesses.
  • Among the presenters will be:
    Individuals interested in joining Investor Day virtually may access materials and a webcast of the event, as well as submit questions, here .
  • In addition, BWXT joint ventures provide management and operations at more than a dozen U.S. Department of Energy and NASA facilities.

BWXT Names Robb A. LeMasters as Next Chief Financial Officer

Retrieved on: 
Friday, November 5, 2021
Other Defense, Contracts, Other Energy, Nuclear, Alternative Energy, Energy, Defense, Environment, Other Manufacturing, Engineering, Aerospace, Manufacturing, People, BWX Technologies, University, Master of Business Administration, Blue Harbour Group, Culture, Defense News, Highbridge Capital Management, Fortune 1000, United States Department of Energy, Growth, Morgan Stanley, Nuclear medicine, Relative, BWXT, Wendell Pritchett, NASA, Twitter, Forstmann Little & Company, Wharton School of the University of Pennsylvania, Business administration, NYSE, Clark W. LeMasters Jr., Harvard Business School, CFO, Triple accreditation, Management, Renewable energy

BWX Technologies, Inc. (NYSE: BWXT) announced today that as part of BWXTs executive succession planning process, Robb A. LeMasters has been named senior vice president and chief financial officer effective November 15, 2021.

Key Points: 
  • BWX Technologies, Inc. (NYSE: BWXT) announced today that as part of BWXTs executive succession planning process, Robb A. LeMasters has been named senior vice president and chief financial officer effective November 15, 2021.
  • LeMasters will succeed David S. Black, who will retire after 30 years of service to BWXT.
  • He assumed positions of greater responsibility with the company, culminating with his appointment as senior vice president and chief financial officer in 2015.
  • Black will remain with the company through April 1, 2022, working as a special advisor to Rex Geveden, president and chief executive officer.

BWX Technologies Reports Third Quarter 2021 Results, Narrows 2021 Guidance and Strategically Deploys Capital to Repurchase Shares

Retrieved on: 
Monday, November 1, 2021
Other Defense, Contracts, Other Energy, Nuclear, Alternative Energy, Energy, Defense, Environment, Other Manufacturing, Engineering, Aerospace, Manufacturing, People, Defense News, NSG, Nuclear medicine, NASA, Recurrence, Technology, China General Nuclear Power Group, Contract, Annual report, GAAP, Twitter, United States Department of Energy, Security (finance), U.S. Securities and Exchange Commission, BWXT, NYSE, Government, BWX Technologies, Company, Investment, COVID-19, Growth, Form 10-K, NPG, Risk, NOG, Fortune 1000, Lithium, Animal, Renewable energy, Holding company, Bank

BWX Technologies, Inc. (NYSE: BWXT) ("BWXT", "we", "us" or the "Company") reported third quarter 2021 revenue of $499 million, down 4% compared with $520 million in the third quarter 2020.

Key Points: 
  • BWX Technologies, Inc. (NYSE: BWXT) ("BWXT", "we", "us" or the "Company") reported third quarter 2021 revenue of $499 million, down 4% compared with $520 million in the third quarter 2020.
  • BWXT delivered its strongest quarter year-to-date as we executed well in all areas of the business said Rex D. Geveden, president and chief executive officer.
  • Our conviction is underscored by the fact that we returned more than $166 million of cash to investors through strategic share repurchases in the third quarter.
  • This resulted in a strong third quarter 2021 segment GAAP and non-GAAP operating margin of 20.5% and 20.6%, respectively.

BWXT Awarded $21 Billion Environmental Management Contract for DOE’s Savannah River Site

Retrieved on: 
Thursday, October 28, 2021
Engineering, Environment, Manufacturing, Energy, Other Manufacturing, Nuclear, People, Defense News, Nuclear medicine, NASA, Fluor, Annual report, SRMC, Twitter, Savannah River, U.S. Securities and Exchange Commission, United States Department of Energy, BWXT, Security (finance), U.S. Department of Defense Strategy for Operating in Cyberspace, NYSE, Waste management, SRS, DOE, BWX Technologies, LLC, Form 10-K, Risk, Savannah River Site, U.S. Department of Energy, Office of Inspector General, DBD, Fortune 1000, Renewable energy

BWX Technologies, Inc. (NYSE: BWXT) today announced a contract with an estimated ceiling of approximately $21 billion over a 10-year ordering period from the U.S. Department of Energy (DOE) for environmental management operations at the Savannah River Site (SRS) in South Carolina.

Key Points: 
  • BWX Technologies, Inc. (NYSE: BWXT) today announced a contract with an estimated ceiling of approximately $21 billion over a 10-year ordering period from the U.S. Department of Energy (DOE) for environmental management operations at the Savannah River Site (SRS) in South Carolina.
  • The DOE announced the award of the Savannah River Site Integrated Mission Completion Contract to Savannah River Mission Completion, LLC (SRMC), which is a joint venture led by a BWXT subsidiary and includes subsidiaries of Amentum and Fluor.
  • The scope of work for the contract includes liquid waste stabilization/disposition and potentially nuclear materials management and stabilization, among other requirements.
  • In addition, BWXT joint ventures provide management and operations at more than a dozen U.S. Department of Energy and NASA facilities.

Annual Defense Revenues Break Half a Trillion Dollars as Market Expands

Retrieved on: 
Monday, August 9, 2021
Uncertainty, United States Customs Service, OSI Systems, Lux Capital, Acquisition, Public, Growth, Review, Solution, Forward-looking statement, Gunfire locator, BIRD, Safety, Coronavirus, U.S. Securities and Exchange Commission, Program, Honeywell, Private Securities Litigation Reform Act, HQ, FNM, Liberty, Article, Securities Exchange Act of 1934, IDIQ, NASDAQ, NOT, Form 10-K, SPAC, Security (finance), Weapon, National, Industry, Maintenance, General Catalyst, DHS, News, Motorola Solutions, Annual report, Securities Act of 1933, Halo: Combat Evolved Anniversary, Weather, ANY, MSC, MOPS, ATI, Aviation, Defense News, Risk management, Private investigator

As a matter of fact, Defense News estimates that the top 100 defense companies raked in a combined $551 billion in 2020 representing a 5% increase compared to the prior year.

Key Points: 
  • As a matter of fact, Defense News estimates that the top 100 defense companies raked in a combined $551 billion in 2020 representing a 5% increase compared to the prior year.
  • In addition to this, Liberty has been hitting major corporate milestones including signing a major deal with the US Department of Homeland Security (DHS).
  • One emerging theme in the defense industry that appears to be a key driver of growth is collaboration.
  • You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.

Annual Defense Revenues Break Half a Trillion Dollars as Market Expands

Retrieved on: 
Monday, August 9, 2021
Uncertainty, United States Customs Service, OSI Systems, Lux Capital, Acquisition, Public, Growth, Review, Solution, Forward-looking statement, Gunfire locator, BIRD, Safety, Coronavirus, U.S. Securities and Exchange Commission, Program, Honeywell, Private Securities Litigation Reform Act, HQ, FNM, Liberty, Article, Securities Exchange Act of 1934, IDIQ, NASDAQ, NOT, Form 10-K, SPAC, Security (finance), Weapon, National, Industry, Maintenance, General Catalyst, DHS, News, Motorola Solutions, Annual report, Securities Act of 1933, Halo: Combat Evolved Anniversary, Weather, ANY, MSC, MOPS, ATI, Aviation, Defense News, Risk management, Private investigator

NEW YORK, Aug. 9, 2021 /PRNewswire/ -- Although the effects of the coronavirus pandemic were far reaching, the security defense industry proved to be resilient enough to weather this storm. As a matter of fact, Defense News estimates that the top 100 defense companies raked in a combined $551 billion in 2020 representing a 5% increase compared to the prior year. Going forward, it appears that this trend is likely to continue as illustrated by President Biden's $715 billion defense budget proposal, a $10 billion increase from the previous allocation as he shifts focus from the Middle East to emerging threats from China. For companies like Liberty Defense Holdings Ltd (TSXV: SCAN) (OTCQB: LDDFF), Evolv Technologies Holdings Inc (NASDAQ: EVLV), ShotSpotter (NASDAQ: SSTI), OSI Systems, Inc. (NASDAQ: OSIS) and Honeywell International Inc (NASDAQ: HON) this signals a promising opportunity which if well capitalized on could further strengthen these companies' position in the industry.

Key Points: 
  • As a matter of fact, Defense News estimates that the top 100 defense companies raked in a combined $551 billion in 2020 representing a 5% increase compared to the prior year.
  • In addition to this, Liberty has been hitting major corporate milestones including signing a major deal with the US Department of Homeland Security (DHS).
  • One emerging theme in the defense industry that appears to be a key driver of growth is collaboration.
  • You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.