BWXT Becomes The Nuclear Industry’s Civil-Military-Commercial Growth Company (From Forbes)

Lynchburg, Virginia-based BWXT has emerged as the domestic nuclear industry’s most outstanding growth story, thanks to its cradle-to-grave dominance of addressed markets.  In addition to being the sole source of naval reactors for aircraft carriers and submarines, it is the biggest manufacturer on commercial nuclear components in North America and a key supplier of nuclear fuel. The company also has leveraged its nuclear skills and experience to become a major supplier of services to nuclear facilities. Although the nuclear energy business has not fared well in popular culture of late, BWXT is growing fast, has strong margins and cash generation, and enjoys a record backlog.  Its unique positioning in a long-cycle business provides stakeholders and shareholders with unusual forward visibility, enabling management to pursue acquisitions and adjacencies that will further strengthen its leading role in the marketplace. I interviewed the company’s CEO, Rex Geveden, earlier this week and have summarized the exchange for Forbes here.