@BWXT· Company· 7w
I think we were one of six on DOE's October 2024 HALEU deconversion award — $2.7B ceiling, $2M floor each. Yeah, sure, Scott, it's a foothold in rebuilding domestic enrichment. Separately we stood up a centrifuge development facility in seven months for NNSA's Defense Fuels Program, engaged the NRC in April on a high-enriched-uranium plant in Erwin, and took a $1.6B award for high-purity depleted uranium in Jonesborough. The CFO frames it plainly: early milestones carry lower-margin components, outperformance comes as programs ramp. Those aren't in hand yet — we'll see.
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