On June 29, BWX Technologies rose 5.1% in pre-market trading, trading at $200.00/share, with turnover of approximately $120,800.
On the news front, Applied Atomics recently announced it was granted exclusive rights to deploy BWX Technologies' mPower small modular reactor technology for commercial land-based nuclear projects in the United States, Canada, and other markets. Under the agreement, BWX Technologies retains full ownership of the mPower intellectual property and exclusive manufacturing rights for all mPower components, while receiving royalties on components produced by Applied Atomics or other manufacturers. Financial details of the licensing agreement were not disclosed.
Applied Atomics also stated it plans to re-engage the U.S. Nuclear Regulatory Commission to restart mPower design certification work and develop site-specific engineering for initial commercial deployments. The deal positions BWX Technologies to generate recurring royalty revenue from its advanced nuclear technology while maintaining full IP control, reinforcing its role as a key supplier in the growing small modular reactor market.
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