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BWXT Selected as Nuclear Fuel and Component Manufacturer for Air Force Research Laboratory’s JETSON Program

11/08/2023

BWX Technologies, Inc. (NYSE: BWXT) today announced that it has been selected as the nuclear fuel and components manufacturer for the Air Force Research Laboratory’s Joint Emergent Technology Supplying On-Orbit Nuclear (JETSON) high power mission application program, which will mature high-power nuclear electric power and propulsion technologies and spacecraft design.

Working as part of a team led by Lockheed Martin and including Space Nuclear Power Corporation (SpaceNukes), BWXT Advanced Technologies LLC (BWXT) will lead manufacturing and testing activities for nuclear fuels and components and support design and system integration under the program.

The JETSON team will address the growing need for advanced spacecraft mobility, space situational awareness and power generation that surpasses traditional spacecraft capabilities. JETSON is designed to use a fission reactor to generate heat to produce between 6 kWe and 20 kWe of electricity – four times the power of conventional solar arrays without the need to be in continuous sunlight. The reactor draws heavily from the design and lessons of the 2018 Kilopower Reactor Using Stirling Technology (KRUSTY) demonstration led by NASA and the National Nuclear Security Administration.

“BWXT’s support as the nuclear manufacturer on the JETSON program complements Lockheed Martin’s heritage space flight capabilities and SpaceNukes’ nuclear design expertise,” said Joe Miller, BWXT Advanced Technologies LLC president. “Our extensive nuclear fuel and component manufacturing experience on new and legacy programs, along with our unique infrastructure, will help the team build upon the KRUSTY demonstration, positioning it to deliver and fly a space nuclear system under the JETSON program.”

BWXT’s work on this program will primarily be conducted at the company’s Lynchburg, Virginia-area facilities.

About BWXT

At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong, Innovation Driven. Headquartered in Lynchburg, Virginia, BWXT is a Defense News Top 100 manufacturing and engineering innovator that provides safe and effective nuclear solutions for global security, clean energy, environmental restoration, nuclear medicine and space exploration. With more than 7,000 employees, BWXT has 14 major operating sites in the U.S., Canada and the U.K. In addition, BWXT joint ventures provide management and operations at a dozen U.S. Department of Energy and NASA facilities. For more information, visit www.bwxt.com . Follow us on LinkedIn , X , Facebook and Instagram .

Forward Looking Statements

BWXT cautions that this release contains forward-looking statements, including statements relating to the performance, scope and timing of the nuclear manufacturing and testing contract for the JETSON program. These forward-looking statements involve a number of risks and uncertainties, including, among other things, modification or termination of the contract, delays or other difficulties in the commencement or execution of the contract, the expected duration of the contract and any changes to government appropriations for the JETSON program. If one or more of these or other risks materialize, actual results may vary materially from those expressed. For a more complete discussion of these and other risk factors, please see BWXT’s annual report on Form 10-K for the year ended December 31, 2022 filed with the Securities and Exchange Commission. BWXT cautions not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and undertakes no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.

Media
Jud Simmons
Senior Director, Media & Public Relations
434.522.6462 hjsimmons@bwxt.com

Investors
Chase Jacobson
Vice President, Investor Relations
980.365.4300 investors@bwxt.com

Source: BWX Technologies, Inc.
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Contacts

INVESTOR RELATIONS CONTACT

Chase Jacobson
Vice President, Investor Relations
1.980.365.4300
investors@bwxt.com

TRANSFER AGENT CONTACT

Computershare Trust Company, N.A.
P.O. Box 43078
Providence, RI 02940-3078
1.800.446.2617