BWX Technologies IncBWX 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.
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]
BWX Technologies Inc
800 Main Street
Lynchburg, VA 24504
Telephone: +1 434.522.3800
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 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
Banco Bilbao Vizcaya Argentaria (BBVA)
Bank of America
Bank of New York Mellon
Becker Capital Management
Blue Harbour Group
Burgundy Asset Management
Cardinal Capital Management
Citizens Bank & Trust
CPP Investment Board
D.E. Shaw & Co.
Dimensional Fund Advisors
Fifth Third Bancorp
Geode Capital Management
Janus Capital Group
Mitsubishi UFJ Financial
National Rural Electric Cooperative Association
PNC Financial Services
Principal Financial Group
Prudential Financial (US)
Raymond James Financial
Royal Bank of Scotland
Shapiro Capital Management
Sumitomo Mitsui Financial
T. Rowe Price
Two Sigma Investments
UMB Financial Corporation
This page was last updated on 30 November 2016.
[a] BWX Technologies, “About”, Website BWX Technologies (www.bwxt.com/about), viewed June 2016.
[b] BWX Technologies, “Annual Report – Form 10-K”, BWX Technologies, February 2016.
 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 (www.bwxt.com/government-services/facilities-management), viewed June 2016.
[ii] BWX Technologies, “Lawrence Livermore National Laboratory (LLNL)”, Website BWX Technologies (www.bwxt.com/about/operations–locations/lawrence-livermore-national-laboratory), viewed June 2016;
BWX Technologies, “Los Alamos National Laboratories”, Website BWX Technologies (www.bwxt.com/about/operations–locations/lawrence-livermore-national-laboratory), viewed June 2016;
National Nuclear Security Administration, “Our locations”, Website National Nuclear Security Administration (/nnsa.energy.gov/aboutus/ourlocations), viewed June 2016;
Union of Concerned Scientists, “Lawrence Livermore National Laboratory”, Union of Concerned Scientists, November 2012 (www.ucsusa.org/assets/documents/nwgs/nuclear-weapons-complex/livermore-fact-sheet.pdf);
Mello, G., “The US nuclear weapons complex: Pushing for a new production capability”, The Bulletin, 20 March 2008 (thebulletin.org/us-nuclear-weapons-complex-pushing-new-production-capability), viewed June 2016;
Bechtel, “US National Laboratories”, Website Bechtel (www.bechtel.com/u.s._national_laboratories.html), viewed June 2016.
[iii] Union of Concerned Scientists, “Lawrence Livermore National Laboratory”, Union of Concerned Scientists, November 2012 (www.ucsusa.org/assets/documents/nwgs/nuclear-weapons-complex/livermore-fact-sheet.pdf);
National Nuclear Security Administration (NNSA), “Lawrence Livermore National Laboratory (LLNL): Nuclear design and engineering and high explosive research & development (R&D)”, Website NNSA (nnsa.energy.gov/sites/default/files/nnsa/inlinefiles/LivermoreFactSheet.pdf), viewed June 2016;
Los Alamos National Laboratory, “National Security, Weapons Science”, Website Los Alamos National Laboratory (www.lanl.gov/science-innovation/capabilities/national-security-weapons-science/index.php), 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 (www.lanl.gov/about/_assets/docs/conformed-prime-contract.pdf);
Oswald, M., “LANL contract up for bid after 2017”, Alburquerque Journal, 18 December 2015 (www.abqjournal.com/693548/poor-performance-at-lanl-means-contract-up-for-bid-post2017.html).
[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 (nnsa.energy.gov/sites/default/files/nnsa/05-14-inlinefiles/2014-05-21%20LANS-LANL%20Mod0264(4.17.14).pdf).
Project on Government Oversight, “Nuclear Contractor’s Award Fee Slashed by 90 Percent”, Website Project on Government Oversight, 6 January 2015 (www.pogo.org/blog/2015/01/nuclear-contractors-award-fee-slashed.html?referrer=https://www.google.com/);
Oswald, M., “Feds slash management fee for LANL contractor”, Website Alberquerque Journal, 30 December 2014 (www.abqjournal.com/518894/news/feds-slash-fees-for-lanl-contractor-by-90.html);
Gerew, G, “Los Alamos management gets contract extension despite low score”, Website Bizjournals, 17 January 2013 (www.bizjournals.com/albuquerque/blog/morning-edition/2013/01/los-alamos-management-gets-extension.html).
[vi] Oswald, M., “LANL contract up for bid after 2017”, Alburquerque Journal, 18 December 2015 (www.abqjournal.com/693548/poor-performance-at-lanl-means-contract-up-for-bid-post2017.html).
[vii] Lawrence Livermore National Security, “LLNS, LLC Prime Contract Documents”, Website Lawrence Livermore National Security (www.llnsllc.com/contract/contract.asp), 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 (www.nti.org/gsn/article/nnsa-defends-contract-extensions-congressional-scrutiny-expected/).
[x] National Security Technologies, “NSTec, Who we are…”, Website National Security Technologies (www2.nstec.com/Pages/About.aspx), viewed June 2016;
Aecom, “10-K Annual Report 2013”, Aecom, November 2013 (phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MjIzNjQyfENoaWxkSUQ9LTF8VHlwZT0z&t=1);
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 (lasvegassun.com/news/2015/nov/25/with-billions-at-stake-contractors-eye-bid-to-oper/).
[xiii] Nevada Site Office, “NNSA Conducts Pollux Subcritical Experiment at Nevada National Security Site”, Website Nevada Site Office, 6 December 2012 (nnsa.energy.gov/mediaroom/pressreleases/pollux120612);
Licherman, A., “Issue Update – Subcritical tests”, Western States Legal Foundation, 2012 (www.wslfweb.org/docs/WSLF%20Issue%20Update–Subcritical%20Tests%20Fall%202012.pdf).
[xiv] Office of Research, Development, Test and Evaluation, “Stockpile Stewardship Quarterly”, National Nuclear Security Administration (NNSA), March 2015 (www.nnsa.energy.gov/sites/default/files/2015-03%20SSQ%20V5%20N1.pdf);
Furlanetto, M.R., “Stockpile Stewardship through Subcritical Experiments”, Los Alamos National Laboratory, 19 February 2014 (www.orau.gov/ssap2014/presentations/furlanetto_m.pdf).
[xv] U.S. Department of Energy, “FY 2016 Performance Evaluation Plan, National Security Technologies, LLC”, U.S. Department of Energy, September 2015 (nnsa.energy.gov/sites/default/files/nnsa/multiplefiles/FY2016%20NSTec%20PEMP_Redacted.pdf);
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 (www.ch2m.com/corporate/news_room/news_story.asp?story_id=79).