BWXT Halfway Through Submarine Missile Tube Fixes; Threatens Exit From Business

摘要

BWX Technologies is about halfway through repairing 12 submarine missile tubes it welded incorrectly in 2018, RexGeveden, president and CEO of the Lynchburg, Va., nuclear-hardware and fuel provider told investors Tuesday.Under multiple subcontracts to Columbia- and Virginia-class submarine production prime General Dynamics Electric Boat,BWXT is on the hook to deliver tubes through 2021. The latest contract alone calls for the company to produce 26 tubesby that point.