BWX Technologies Inc

BWX Technologies Inc (formerly known as Babcock & Wilcox) (United States) manages and operates several US nuclear weapons facilities including the Lawrence Livermore National Laboratory, Los Alamos National Laboratory, and Nevada National Security Site (NNSS), previously known as the Nevada Test Site, each of which are engaged in various aspects of nuclear warhead modernisation.

Company profile

BWX Technologies (“BWXT”), known as Babcock & Wilcox Company prior to the spin-off of its power generation business in June 2015, supplies nuclear components and fuel to the US government, provides technical and management services to national nuclear security sites, and supplies components and services for the commercial nuclear power industry.[a]

In the financial year ending 31 December 2015, BWXT reported revenues of US$ 1.4 billion (€ 1.3 billion), resulting in an operating income of US$ 205.9 million (€ 188.4 million) and a net income of US$ 131.5 million (€ 120.3 million).[b]

Contact Information


BWX Technologies Inc
800 Main Street
Lynchburg, VA 24504
Telephone: +1 434.522.3800

Nuclear weapons

BWXT offers various services, including uranium processing, environmental site restoration and operating services, for a number of government-owned nuclear and national security sites.[i]

The Lawrence Livermore (LLNL) and Los Alamos National Laboratories (LANL) are jointly managed by BWXT, University of California, Bechtel and URS Corporation (since October 2014 part of Aecom). The Lawrence Livermore National Security partnership also includes Battelle[1] and Texas A&M University.[ii] LLNL and LANL play an important role in the research, design, development and production of nuclear weapons.[iii]

The contract with Los Alamos National Security, which was awarded in 2006, currently amounts to around US$ 2 billion (€ 1.8 billion) per year plus a performance-based fee.[iv] Despite substandard performance in recent years, the consortium managing the LANL was granted a waiver extending the contract through 2018. This was subsequently revoked and reduced to 2017. However, the Department of Energy cut the fees in recent years, by 90% in 2014 alone, citing a “significant or ‘First Degree’ performance failure” of the contractor.[v] In December 2015, the National Nuclear Safety Administration informed the US Congress that the LANL contract will be up for competitive bidding after 2017. While the performance evaluation was better than in the previous year, it was still not good enough to earn the operators and award of an extra contract year.[vi]

The contract for LLNL was awarded in 2007 and currently runs through September 2019.[vii] The maximum possible fee to be collected under the contract is US$ 45.5 million (€ 37.6 million) a year.[viii] As at LANL, the National Nuclear Security Administration was criticised for renewing lucrative deals at LLNL despite poor performance of the contractors.[ix]

BWX Technologies, together with Aecom, CH2M Hill and Northrop Grumman, is a joint venture partner in National Security Technologies (NSTec). The exact ownership distribution is not known. Since 2006, NSTec has managed the Nevada National Security Site (NNSS), previously known as the Nevada Test Site.[x] The US$ 3.1 billion (€ 2.3 billion) contract includes operation and maintenance of over 500 facilities and laboratories as well as associated infrastructure, vehicles, and IT/communications.[xi] The contract expires in September 2016.[xii] The NNSS is the only US nuclear test site where subcritical tests are still taking place, and is a critical facility for the modernisation of the US nuclear arsenal. The most recent subcritical test was the Pollux test in December 2012.[xiii] In the financial years 2014 to 2016, the National Nuclear Security Administration (NNSA) is planning the Lyra-series of three scaled-integral implosion experiments; these include Vega, a subcritical experiment in the NNSS complex using a plutonium pit.[xiv]

The joint venture is responsible for managing the nuclear explosives safety team, as well as support hazardous chemical spill testing, and emergency response training, among other tasks.[xv]





The following financial institutions have made approximately US$ 4,949 million available to this producer since January 2013.

AQR Capital Management

Arrowstreet Capital

Banco Bilbao Vizcaya Argentaria (BBVA)

Bank of America

Bank of New York Mellon


Becker Capital Management


Blue Harbour Group

BNP Paribas

Boston Private

BPCE Group

Burgundy Asset Management

Cardinal Capital Management

Carlson Capital

Charles Schwab

Citizens Bank & Trust


CPP Investment Board

Crédit Agricole

D.E. Shaw & Co.

Deutsche Bank

Dimensional Fund Advisors

Fidelity Investments

Fifth Third Bancorp

Geode Capital Management

Hancock Holding

Janus Capital Group

JPMorgan Chase


Mitsubishi UFJ Financial

Morgan Stanley

National Rural Electric Cooperative Association

Northern Trust

Old Mutual

PNC Financial Services

Principal Financial Group

Prudential Financial (US)

Raymond James Financial

Regions Financial

Renaissance Technologies

Royal Bank of Scotland


Shapiro Capital Management

State Street

Sumitomo Mitsui Financial

T. Rowe Price

Thrivent Financial


Toronto-Dominion Bank

Two Sigma Investments

UMB Financial Corporation

US Bancorp


Victory Capital

Wells Fargo


This page was last updated on 30 November 2016.

[a]      BWX Technologies, “About”, Website BWX Technologies (, viewed June 2016.

[b]     BWX Technologies, “Annual Report – Form 10-K”, BWX Technologies, February 2016.

[1]     Battelle is a US based 501(c)(3) charitable trust. In examining their tax records, they appear to have reported only government income and no external or private financing.

[i]      BWX Technologies, “Annual Report – Form 10-K”, BWX Technologies, February 2016;
BWX Technologies, “Facilities Management”, Website BWX Technologies (, viewed June 2016.

[ii]     BWX Technologies, “Lawrence Livermore National Laboratory (LLNL)”, Website BWX Technologies (–locations/lawrence-livermore-national-laboratory), viewed June 2016;
BWX Technologies, “Los Alamos National Laboratories”, Website BWX Technologies (–locations/lawrence-livermore-national-laboratory), viewed June 2016;
National Nuclear Security Administration, “Our locations”, Website National Nuclear Security Administration (/, viewed June 2016;
Union of Concerned Scientists, “Lawrence Livermore National Laboratory”, Union of Concerned Scientists, November 2012 (;
Mello, G., “The US nuclear weapons complex: Pushing for a new production capability”, The Bulletin, 20 March 2008 (, viewed June 2016;
Bechtel, “US National Laboratories”, Website Bechtel (, viewed June 2016.

[iii]    Union of Concerned Scientists, “Lawrence Livermore National Laboratory”, Union of Concerned Scientists, November 2012 (;
National Nuclear Security Administration (NNSA), “Lawrence Livermore National Laboratory (LLNL): Nuclear design and engineering and high explosive research & development (R&D)”, Website NNSA (, viewed June 2016;
Los Alamos National Laboratory, “National Security, Weapons Science”, Website Los Alamos National Laboratory (, viewed June 2016.

[iv]    U.S. Department of Energy, “Management and Operating Contract for the Los Alamos National Laboratory National Nuclear Security Administration – Contract No. DE-AC52-06NA25396”, U.S. Department of Energy, 21 December 2005 (;
Oswald, M., “LANL contract up for bid after 2017”, Alburquerque Journal, 18 December 2015 (

[v]     NNSA Los Alamos Site Office, “Amendment of solicitation/Modification of contract – Contract No. DE-AC52-06NA25396, Modification No. 264”, U.S. Department of Energy, 16 April 2014 (
Project on Government Oversight, “Nuclear Contractor’s Award Fee Slashed by 90 Percent”, Website Project on Government Oversight, 6 January 2015 (;
Oswald, M., “Feds slash management fee for LANL contractor”, Website Alberquerque Journal, 30 December 2014 (;
Gerew, G, “Los Alamos management gets contract extension despite low score”, Website Bizjournals, 17 January 2013 (

[vi]    Oswald, M., “LANL contract up for bid after 2017”, Alburquerque Journal, 18 December 2015 (

[vii]    Lawrence Livermore National Security, “LLNS, LLC Prime Contract Documents”, Website Lawrence Livermore National Security (, viewed June 2016.

[viii]   Inside the Pentagon, “University of California, Bechtel Consortium wins Livermore Contract”, Inside Defense, 10 May 2007.

[ix]    Global Security Newswire, “NNSA Defends Contract Extensions but Congressional Scrutiny Expected”, Website NTI, 12 March 2013 (

[x]     National Security Technologies, “NSTec, Who we are…”, Website National Security Technologies (, viewed June 2016;
Aecom, “10-K Annual Report 2013”, Aecom, November 2013 (;
InsideDefense, “DOE Awards Northrop Grumman Nevada Test Site Management and Operations Contract”, InsideDefense, 29 March 2006.

[xi]    Aecom, “Annual Report 2014”, Aecom, November 2014.

[xii]    Rothberg, D., “With billions at stake, contractors eye bid to operate National Security Site”, Website Las Vegas Sun, 25 November 2015 (

[xiii]   Nevada Site Office, “NNSA Conducts Pollux Subcritical Experiment at Nevada National Security Site”, Website Nevada Site Office, 6 December 2012 (;
Licherman, A., “Issue Update – Subcritical tests”, Western States Legal Foundation, 2012 (–Subcritical%20Tests%20Fall%202012.pdf).

[xiv]   Office of Research, Development, Test and Evaluation, “Stockpile Stewardship Quarterly”, National Nuclear Security Administration (NNSA), March 2015 (;
Furlanetto, M.R., “Stockpile Stewardship through Subcritical Experiments”, Los Alamos National Laboratory, 19 February 2014 (

[xv]    U.S. Department of Energy, “FY 2016 Performance Evaluation Plan, National Security Technologies, LLC”, U.S. Department of Energy, September 2015 (;
CH2M HILL, “CH2M HILL awarded joint venture contract to provide support and infrastructure expertise at the Nevada Test Site”, Media release CH2M HILL, 3 April 2006 (


In some nuclear-armed states – in particular the United States, the United Kingdom and France – private companies are hired by governments to carry out work on maintaining and modernising nuclear arsenals. This report looks at companies that are providing the necessary components to develop, test, maintain and modernise nuclear weapons.The contracts these companies have with nuclear armed countries are for materials and services to keep nuclear weapons in their arsenals. The companies described are substantially involved in the nuclear weapons programmes of the United States, the United Kingdom, France, or India and are themselves based in France, India, Italy, the Netherlands, the United Kingdom and the United States.

In other nuclear-armed countries –Russia, China, Pakistan and North Korea – the maintenance and modernization of nuclear forces is carried out primarily or exclusively by government agencies.


The nuclear weapon producers identified were selected on the basis of a predetermined set of criteria.
– Information on investments is publicly available.
– The company is directly involved in the development, testing, production, maintenance or trade of nuclear weapons related technology, parts, products or services.
– The company’s involvement is related to warheads, or to delivery systems such as missiles, that are specifically developed for nuclear tasks. This includes technology that is designed for ‘dual use’ (military and civilian) but excludes technology that is not designed for, but can be used in nuclear warfare. It does not include delivery platforms such as bombers and submarines.

State owned or controlled nuclear industries are outside the scope of this research, as are companies not publicly listed. Our research uncovered a number of Universities involved in nuclear weapons programmes, but these are also outside the scope of the report.

The list of nuclear weapon producers investigated was compiled through a wide variety of sources, including financial institution exclusion lists, civil society reports, media reports, etc. Additional details on the contracts and components can be found in the Annex. We welcome information at any time about possible nuclear weapons producing companies to investigate.