BWXT Sitting Out Submarine Missile Tube Work Amid 3Q Earnings Boom

摘要

BWX Technologies [BWXT], trumpeting strong third-quarters results Tuesday, remained noncommittalabout building more common missile compartment tubes for U.S. naval submarines,beyond those the company is already under contract to make by 2021.After announcing in 2018 that it had botched welds on 12 of the tubes, which were destined forboth Columbia- and Virginia-class subs, BWX Technologies no longer expects to make anymoney on its missile tube contracts with submarine prime General Dynamics [GD] ElectricBoat. Under its third and latest missile tube subcontract, worth $75 million, BWX Technologiesowes General Dynamics 26 tubes by 2021.