Benzinga | Aug 19, 2021 07:11AM EDT

BWXT Bags C$40M Contract To Supply Heat Exchangers

* BWX Technologies Inc (NYSE:BWXT) received a contract from Bruce Power valued at $40 million to supply four moderator heat exchangers.

* Subsidiary BWXT Canada Ltd. will execute the contract at its Cambridge, Ontario facility, which involves the engineering and fabrication of these specialized components.

* Engineering work has commenced, with fabrication expected to start later this year. The first two moderator heat exchangers will be delivered in 2024, with the remaining two units in 2025.

* Price Action: BWXT shares closed at $54.88 on Wednesday.