BWX Technologies ($BWXT) announced more than $1.4 billion in U.S. Naval Nuclear Propulsion Program contracts on May 7, the same day Rep. April McClain Delaney disclosed the first of four recent purchases of BWXT stock.
- McClain Delaney reported BWXT purchases on May 7, May 8, May 14, and May 15.
- The disclosed transaction ranges total up to as much as $130,000.
- BWXT's May 7 awards included a $1.285 billion long-lead material procurement contract and a $165 million contract for Ford-class aircraft carrier reactor components.
- The contracts support the U.S. Naval Nuclear Propulsion Program and extend work through 2030.
- McClain Delaney serves on the House Science, Space and Technology Committee. This committee routinely hears about federal science, space, nuclear technology and research funding priorities.
- BWXT lobbying disclosures reference naval reactors, advanced nuclear technologies, NASA programs, nuclear propulsion, and defense appropriations. They've spent around $2 million on lobbying over the last year.
Relevant Companies
- BWX Technologies ($BWXT): Recipient of the naval nuclear propulsion contracts and the company purchased in the disclosed congressional trades.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
