BWX Technologies to Acquire Precision Components Group

BWX Technologies, Inc. (NYSE:BWXT) provides harmless and effectual atomic solutions for planetary security, cleanable energy, biology restoration, atomic medicine, and abstraction exploration. The institution is besides the sole shaper of naval atomic reactors for US submarines and craft carriers.

BWX Technologies, Inc. (NYSE:BWXT) announced connected April 20 that it had agreed to get Precision Components Group, a privately held shaper of complex, heavy-walled, and heat-transfer components successful the United States. The woody besides includes PCG’s subsidiaries Precision Custom Components and DC Fabricators.

The strategical acquisition volition adhd implicit 500,000 quadrate feet of US heavy-manufacturing capableness and a skilled workforce of implicit 400 employees to BWX Technologies, Inc. (NYSE:BWXT)’s portfolio, expanding the company’s footprint and commercialized atomic accumulation capableness to service the rising home demand.

PCG generated a gross of astir $125 cardinal past year. The institution volition present articulation BWXT’s Commercial Operations conception and proceed operating astatine its existent facilities.

John MacQuarrie, President of Commercial Operations astatine BWX Technologies, Inc. (NYSE:BWXT), commented:

“PCG brings exceptional method expertise, heavy manufacturing capableness and a highly skilled workforce to BWXT. This acquisition builds connected BWXT’s beardown show successful the commercialized atomic manufacture and represents an important archetypal measurement arsenic we found U.S.-based commercialized atomic manufacturing capableness to conscionable the accelerating needs of U.S. commercialized atomic customers.”

BWX Technologies, Inc. (NYSE:BWXT) was besides precocious included successful our database of the 10 Best AI Pick-and-Shovel Stocks to Buy.

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