APTIM, BWX secure $1.4bn contract to manage US Strategic Petroleum Reserve [Yahoo! Finance]
BWX Technologies, Inc. (BWXT)
Last bwx technologies, inc. earnings: 2/24 04:30 pm
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Source: Yahoo! Finance
The joint venture (JV), Strategic Storage Partners, will oversee SPR's operations, facilities and systems in Louisiana and Texas for a five-year period, with an option for a five-year extension. Strategic Storage Partners, formed by APTIM Federal Services and BWXT Technical Services Group, will focus on safely managing the SPR's structures and systems. The contract includes maintaining facilities, ensuring quality control and implementing innovative operational approaches. APTIM CEO and chairman of the Strategic Storage Partners board of directors Mark Fallon said: "APTIM is honoured to serve the DOE, the talented and committed SPR workforce and the nation as the SPR fulfils its essential mission of protecting our energy and economic security. APTIM and our partner BWX Technologies will bring the experience, resources and commitment required to deliver." The estimated contract value is $2.6bn over ten years, including a five-year base period and a five-year extension option.
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BWXT
Earnings
- 11/3/25 - Beat
BWXT
Sec Filings
- 12/12/25 - Form 4
- 12/12/25 - Form 4
- 12/12/25 - Form 4
- BWXT's page on the SEC website