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BWXT Joint Venture Awarded $2.6 Billion Strategic Petroleum Reserve Contract

Apr 10, 2025•about 1 year ago

Contract Type

contract

LynchburgManufacturingEnergyAerospace

Description

BWXT Technologies, Inc. announced a $2.6 billion contract awarded by the U.S. Department of Energy to manage and operate the Strategic Petroleum Reserve. The contract, spanning 10 years, includes responsibilities such as operating and maintaining facilities and related systems, quality control, and innovative approaches to site operations.

Company Information

Company

BWX Technologies

Location

Lynchburg, Virginia, United States

About

BWX Technologies, Inc. (NYSE: BWXT) is a U.S.-based company recognized as a Fortune 1000 and Defense News Top 100 innovator. The company specializes in providing safe and effective nuclear solutions across various sectors, including global security, clean energy, environmental restoration, nuclear medicine, and space exploration. BWXT employs approximately 7,800 individuals and operates 14 major sites in the U.S., Canada, and the U.K. They also manage a number of facilities for the U.S. Department of Energy and NASA through joint ventures.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.