Latest news with #JohnMacQuarrie
Yahoo
22-05-2025
- Business
- Yahoo
BWX Technologies, Inc. (BWXT) Completes $525M Acquisition of Kinectrics
BWX Technologies, Inc. (NYSE:BWXT) announced on Wednesday that it had completed the acquisition of Kinectrics, a leading service provider to the global nuclear market, in a move that is set to boost its nuclear and isotope capabilities. Kinetrics offers a wide range of nuclear power plant lifecycle support services, including expertise in CANDU reactors and solutions for the global nuclear power industry, distribution and transmission markets, and the production of isotopes for the radiopharmaceutical industry. An aerial view of a nuclear plant, its domes casting a unique shadow. Following the acquisition, Kinectrics will operate as a subsidiary of BWX Technologies, Inc. (NYSE:BWXT), which will nearly double the company's Commercial Operations group workforce and expand its portfolio of offerings for new and existing customers. The combining of both companies' strengths is also expected to enhance BWX Technologies, Inc. (NYSE:BWXT)'s overall capabilities across the board. John MacQuarrie, the President of Commercial Operations at BWXT, shared the following remarks on the strategic integration: 'From the commercial nuclear power market to medical isotopes, we are enhancing our capabilities across the board, supporting a growing nuclear new build and life extension industry in Canada and strengthening BWXT's position in the global nuclear market.' BWXT has surged by over 21% in the past 12 months. While we acknowledge the potential of BWXT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BWXT and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: ChatGPT Stock Advice: Top 12 Stock Recommendations and 10 Cheap Rising Stocks to Buy Right Now. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
BWX Technologies, Inc. (BWXT) Completes $525M Acquisition of Kinectrics
BWX Technologies, Inc. (NYSE:BWXT) announced on Wednesday that it had completed the acquisition of Kinectrics, a leading service provider to the global nuclear market, in a move that is set to boost its nuclear and isotope capabilities. Kinetrics offers a wide range of nuclear power plant lifecycle support services, including expertise in CANDU reactors and solutions for the global nuclear power industry, distribution and transmission markets, and the production of isotopes for the radiopharmaceutical industry. An aerial view of a nuclear plant, its domes casting a unique shadow. Following the acquisition, Kinectrics will operate as a subsidiary of BWX Technologies, Inc. (NYSE:BWXT), which will nearly double the company's Commercial Operations group workforce and expand its portfolio of offerings for new and existing customers. The combining of both companies' strengths is also expected to enhance BWX Technologies, Inc. (NYSE:BWXT)'s overall capabilities across the board. John MacQuarrie, the President of Commercial Operations at BWXT, shared the following remarks on the strategic integration: 'From the commercial nuclear power market to medical isotopes, we are enhancing our capabilities across the board, supporting a growing nuclear new build and life extension industry in Canada and strengthening BWXT's position in the global nuclear market.' BWXT has surged by over 21% in the past 12 months. While we acknowledge the potential of BWXT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BWXT and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: ChatGPT Stock Advice: Top 12 Stock Recommendations and 10 Cheap Rising Stocks to Buy Right Now. Disclosure: None.
Yahoo
21-05-2025
- Business
- Yahoo
BWXT Closes Acquisition of Kinectrics
LYNCHBURG, Va., May 21, 2025--(BUSINESS WIRE)--BWX Technologies, Inc. (NYSE: BWXT) announced that it has successfully completed its acquisition of Kinectrics, Inc. as of May 20, 2025. "Since we announced our intention to acquire Kinectrics in January, we have been looking forward to this day, when the complementary nature of our organizations begins to take shape," said John MacQuarrie, BWXT president of Commercial Operations. "From the commercial nuclear power market to medical isotopes, we are enhancing our capabilities across the board, supporting a growing nuclear new build and life extension industry in Canada and strengthening BWXT's position in the global nuclear market." Kinectrics offers a broad suite of nuclear power plant lifecycle support services, including for CANDU reactors, and lifecycle management services for the global nuclear power industry, transmission and distribution markets and in the production and supply of isotopes for the radiopharmaceutical industry. The acquisition nearly doubles the workforce of BWXT's Commercial Operations group and enables an expanded portfolio of products and services for current and new customers. Kinectrics will operate as a BWXT subsidiary, and its financial results will be reported within BWXT's Commercial Operations segment. David Harris, president & CEO of Kinectrics, will lead the organization reporting to MacQuarrie. 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 Kinectrics, our ability to realize the anticipated benefits of the acquisition, future revenues and demand for Kinectrics' business, and Kinectrics' 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, competition in the market for the products and services sold by Kinectrics. 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, 2024, 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 nearly 10,000 employees, BWXT and its affiliated companies have 20 major operating sites in the U.S., Canada and the U.K. In addition, BWXT joint ventures provide management and operations at more than a dozen U.S. Department of Energy and NASA facilities. For more information, visit Follow us on LinkedIn, X, Facebook and Instagram. View source version on Contacts Media Contact John DobkenSenior Manager, Media & Public Relations202.428.6913 jcdobken@ Investor Contact Chase JacobsonVice President, Investor Relations980.365.4300 investors@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
National Post
21-05-2025
- Business
- National Post
BWXT Closes Acquisition of Kinectrics
Article content Article content LYNCHBURG, Va. — BWX Technologies, Inc. (NYSE: BWXT) announced that it has successfully completed its acquisition of Kinectrics, Inc. as of May 20, 2025. 'Since we announced our intention to acquire Kinectrics in January, we have been looking forward to this day, when the complementary nature of our organizations begins to take shape,' said John MacQuarrie, BWXT president of Commercial Operations. 'From the commercial nuclear power market to medical isotopes, we are enhancing our capabilities across the board, supporting a growing nuclear new build and life extension industry in Canada and strengthening BWXT's position in the global nuclear market.' Article content Kinectrics offers a broad suite of nuclear power plant lifecycle support services, including for CANDU reactors, and lifecycle management services for the global nuclear power industry, transmission and distribution markets and in the production and supply of isotopes for the radiopharmaceutical industry. Article content The acquisition nearly doubles the workforce of BWXT's Commercial Operations group and enables an expanded portfolio of products and services for current and new customers. Article content Kinectrics will operate as a BWXT subsidiary, and its financial results will be reported within BWXT's Commercial Operations segment. David Harris, president & CEO of Kinectrics, will lead the organization reporting to MacQuarrie. Article content BWXT cautions that this release contains forward-looking statements, including, without limitation, statements relating to management's plans and expectations for the acquisition of Kinectrics, our ability to realize the anticipated benefits of the acquisition, future revenues and demand for Kinectrics' business, and Kinectrics' 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, competition in the market for the products and services sold by Kinectrics. 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, 2024, 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. Article content Article content Article content Article content Contacts Article content Media Contact John Dobken Senior Manager, Media & Public Relations 202.428.6913 jcdobken@ Article content Article content
Business Wire
21-05-2025
- Business
- Business Wire
BWXT Closes Acquisition of Kinectrics
BUSINESS WIRE)--BWX Technologies, Inc. (NYSE: BWXT) announced that it has successfully completed its acquisition of Kinectrics, Inc. as of May 20, 2025. 'Since we announced our intention to acquire Kinectrics in January, we have been looking forward to this day, when the complementary nature of our organizations begins to take shape,' said John MacQuarrie, BWXT president of Commercial Operations. 'From the commercial nuclear power market to medical isotopes, we are enhancing our capabilities across the board, supporting a growing nuclear new build and life extension industry in Canada and strengthening BWXT's position in the global nuclear market.' Kinectrics offers a broad suite of nuclear power plant lifecycle support services, including for CANDU reactors, and lifecycle management services for the global nuclear power industry, transmission and distribution markets and in the production and supply of isotopes for the radiopharmaceutical industry. The acquisition nearly doubles the workforce of BWXT's Commercial Operations group and enables an expanded portfolio of products and services for current and new customers. Kinectrics will operate as a BWXT subsidiary, and its financial results will be reported within BWXT's Commercial Operations segment. David Harris, president & CEO of Kinectrics, will lead the organization reporting to MacQuarrie. 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 Kinectrics, our ability to realize the anticipated benefits of the acquisition, future revenues and demand for Kinectrics' business, and Kinectrics' 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, competition in the market for the products and services sold by Kinectrics. 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, 2024, 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 nearly 10,000 employees, BWXT and its affiliated companies have 20 major operating sites in the U.S., Canada and the U.K. In addition, BWXT joint ventures provide management and operations at more than a dozen U.S. Department of Energy and NASA facilities. For more information, visit Follow us on LinkedIn, X, Facebook and Instagram.
