- BWX Technologies Inc (NYSE:BWXT) received a contract from Bruce Power valued at ~C$40 million to supply four moderator heat exchangers.
- Subsidiary BWXT Canada Ltd. will execute the contract at its Cambridge, Ontario facility, which involves the engineering and fabrication of these specialized components.
- Engineering work has commenced, with fabrication expected to start later this year. The first two moderator heat exchangers will be delivered in 2024, with the remaining two units in 2025.
- Price Action: BWXT shares closed at $54.88 on Wednesday.
Mid-Day Market Update: Crude Oil Rises 1%; Sage Therapeutics Shares Slide
Midway through trading Tuesday, the Dow traded down 0.45% to 34,238.18 while the NASDAQ fell 0.53% to 14,099.27. The S&P also fell, dropping 0.25% to 4,244.45.
