On July 1st, 2015, local nuclear component and fuel provider, BWX Technologies, Inc. (BWXT), began trading on the New York Stock Exchange under the ticker symbol “BWXT.” The company’s completion of their spin-off Power Generation business, Babcock & Wilcox Enterprises, Inc., marks an exciting step forward for Lynchburg’s technical sector.
Headquartered in Lynchburg, VA, BWXT employs over 5,200 people and has facilities in Tennessee, Indiana, Ohio, and Ontario, Canada, as well as several sites for the U.S. Department of Energy. The company started in 1856 when Stephen Wilcox patented the water tube boiler, and was incorporated when Wilcox started the Babock, Wilcox Company in 1867.
Over the past 148 years, their business has transformed significantly. Today, BWXT is the sole manufacturer of specific equipment for the U.S. government, including naval nuclear reactors for submarines and aircraft carriers. The company also supports governments in complex operations and environmental remediation activities and specializes in precision component manufacturing for the commercial nuclear power industry.
As one of Lynchburg, VA’s largest employers, BWXT attracts a pool of highly skilled and educated people to this area and continues to grow our technical cluster of businesses.