BWXT Completes Acquisition of L3Harris’ A.O.T. Business
January 06 2025 - 6:45AM
Business Wire
BWX Technologies, Inc. (NYSE: BWXT) announced today that it has
successfully completed its acquisition of L3Harris’ Aerojet
Ordnance Tennessee, Inc. (A.O.T.) business as of January 3,
2025.
“The addition of A.O.T. to BWXT’s Nuclear Operations Group
underscores our commitment to enhancing and growing our special
materials portfolio to better serve our customers,” said Rex D.
Geveden, BWXT president and chief executive officer. “We are
thrilled to welcome this talented team to BWXT and look forward to
the important contributions they will make to our mission of
ensuring national security.”
A.O.T. is a leading provider of advanced specialty materials,
fabrication and high-strength alloy manufacturing. It is the sole
provider of depleted uranium to the U.S. government and produces
other specialized materials, including tungsten, molybdenum,
tantalum, rhenium, titanium, nickel, aluminum, copper, metal-matrix
composites, metal polymer composites, reactive materials and custom
alloys. The acquired business will operate within BWXT’s government
operations segment.
Forward-Looking Statements
BWXT cautions that this release contains forward-looking
statements, including, without limitation, statements relating to
management’s plans and expectations for the acquisition of A.O.T.,
our ability to realize the anticipated benefits, future revenues
and demand for A.O.T. business, and A.O.T.’s continuing operations.
These forward-looking statements are based on management’s current
expectations and involve a number of risks and uncertainties,
including, among other things, our ability to integrate A.O.T.’s
operations into the Company and competition in the market for
A.O.T. products. If one or more of these risks or other risks
materialize, actual results may vary materially from those
expressed. For a more complete discussion of these and other risk
factors, please see BWXT’s annual report on Form 10-K for the year
ended December 31, 2023, and subsequent reports on Form 10-Q filed
with the Securities and Exchange Commission. BWXT cautions not to
place undue reliance on these forward-looking statements, which
speak only as of the date of this release, and undertakes no
obligation to update or revise any forward-looking statement,
except to the extent required by applicable law.
About BWXT
At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong,
Innovation Driven. A U.S.-based company, BWXT is a Fortune 1000 and
Defense News Top 100 manufacturing and engineering innovator that
provides safe and effective nuclear solutions for global security,
clean energy, environmental restoration, nuclear medicine and space
exploration. With approximately 7,800 employees, BWXT has 14 major
operating sites in the U.S., Canada and the U.K. In addition, BWXT
joint ventures provide management and operations at a dozen U.S.
Department of Energy and NASA facilities. For more information,
visit www.bwxt.com. Follow us on LinkedIn, X, Facebook and
Instagram.
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version on businesswire.com: https://www.businesswire.com/news/home/20250106015638/en/
Media Contact John Dobken Senior Manager, Media &
Public Relations 202.428.6913 jcdobken@bwxt.com
Investor Contact Chase Jacobson Vice President, Investor
Relations 980.365.4300 investors@bwxt.com
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