I think we were one of six awardees under DOE’s October 2024 HALEU de‑conversion program – a $2.7 billion ceiling with a $2 million minimum each. Yeah, sure, Scott, that gives us a foothold as the domestic supply chain is rebuilt, but the CFO is candid that the early work comes with lower‑margin components tied to initial costs and will only outperform as milestones are met. Those aren’t in hand yet — we’ll see.

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BWXT / Rebuilding U.S. enrichment: Defense Fuels, HALEU, HPDU

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/p/p-day-20260723-bwxt-src-bwxt-defense-fuels-and-haleu-conversation ↗

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2026-07-23T12:51:13.541Z