Latest news with #NLPC
Business Wire
20 hours ago
- Business
- Business Wire
BWXT-Led Team Awarded Canadian Nuclear Laboratories Contract from Atomic Energy of Canada Limited
BUSINESS WIRE)--BWX Technologies, Inc. (NYSE: BWXT) announced today an Atomic Energy of Canada Limited award for the management and operation of Canadian Nuclear Laboratories Ltd. (CNL). Nuclear Laboratory Partners of Canada Inc. (NLPC) is a Canadian joint venture that has been selected as the preferred bidder for managing CNL after a competitive procurement process that . The NLPC team is led by three primary joint venture partners, BWXT, Kinectrics, and Amentum, and a key subcontractor, Battelle. Nuclear Laboratories Partners of Canada Inc. will assume responsibility of CNL, with Dennis Carr as president and CEO, on Sept. 13, 2025, following a transition period that will commence in the coming weeks. The contract, valued at C$1.2 billion per year on average, is for six years with extension periods that can be exercised based on performance for up to a total of 20 years. BWXT's Canadian operations include operating sites in Ontario and British Columbia, employing more than 1,800 people who support the nuclear energy industry. The company is also a certified PAIR-Committed organization supporting Indigenous communities. 'BWXT is honored to lead a dedicated team that will build on decades of impressive work accomplished by the employees of CNL,' said Heatherly Dukes, president, BWXT Technical Services Group, Inc. 'Our management team looks forward to meeting the employees and union leadership of CNL when we begin our transition activities. We are also looking forward to being part of the community and getting to know local leaders and rightsholders.' As Canada's premier nuclear science and technology organization, CNL is a world leader in developing nuclear technology for peaceful and innovative applications. The laboratory maintains a critical portfolio of work that includes development of clean energy sources, innovations in nuclear medicine, and restoration and protection of Canada's environment. Under this new contract, CNL will specifically focus on science and technology, decommissioning and waste management, and Chalk River revitalization missions. The Chalk River Laboratories represent the largest single complex within Canada's science and technology infrastructure. The site contains several licensed nuclear facilities and more than 50 other unique facilities and laboratories. Forward-Looking Statements BWXT cautions that this release contains forward-looking statements, including statements relating to the performance, timing, impact and value, to the extent contract value can be viewed as an indicator of future revenues, of the contract to manage and operate Canadian Nuclear Laboratories, Ltd., future work at Canadian Nuclear Laboratories, Ltd., and the award or exercise of any contract options or orders. These forward-looking statements involve a number of risks and uncertainties, including, among other things, modification or termination of the contract and delays. If one or more of these 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 quarterly 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. 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.
National Post
a day ago
- Business
- National Post
Amentum Announces Award for the Management and Operations of Canadian Nuclear Laboratories
Article content CHANTILLY, Va. — Amentum (NYSE: AMTM), a global leader in advanced engineering and innovative technology solutions, announced the award of a significant new contract from Atomic Energy of Canada Limited (AECL) to provide operations and management solutions for Canadian Nuclear Laboratories (CNL). Under this contract, Amentum will help advance nuclear science, technology, and innovation across Canada. Article content 'This contract award reflects our deep expertise in nuclear operations and environmental remediation, and our commitment to delivering safe, reliable, and innovative solutions that serve the best interests of Canada,' said Mark Whitney, Amentum's Energy and Environment president. 'We will pursue valuable collaborations and partnerships with industry and academia to advance nuclear innovation for the public good.' Article content Valued at approximately CAD$1.2 billion annually on average, the contract was awarded to Nuclear Laboratory Partners of Canada, Inc. (NLPC), a BWXT-led joint venture that includes Amentum, Kinectrics, and Battelle. The contract consists of a six-year base award with extension periods based on performance, up to a total of twenty years. The formal transition of the contract is anticipated to begin this summer. Article content This strategic joint venture will see Amentum providing comprehensive nuclear operational solutions, research and development, and technical expertise to CNL's extensive nuclear facilities. NLPC aims to enhance Canada's nuclear capabilities, promote safety and environmental stewardship, and foster innovation in nuclear science and technology. Article content This award reflects Amentum's global leadership and expertise in the nuclear industry. Amentum will leverage its worldwide team of experienced engineering and technical nuclear experts to support Canada's advanced energy and security objectives. Article content About Atomic Energy of Canada Limited Article content Atomic Energy of Canada Limited (AECL) is a federal Crown corporation with a mandate to drive nuclear opportunities for Canada. Working through a Government-owned, Contractor-operated (GoCo) model that is executed by its contractor, Canadian Nuclear Laboratories, AECL enables nuclear science and technology through its Chalk River Laboratories, Canada's largest research complex, and by engaging with academia and private industry to advance nuclear innovation. It is committed to advancing reconciliation with Indigenous peoples. It also manages the government of Canada's radioactive waste responsibilities. AECL continues to own the intellectual property for the CANDU® reactor technology and is accountable for deriving optimal benefit from this technology for Canada. Read more on AECL at Article content About Amentum Article content Amentum is a global leader in advanced engineering and innovative technology solutions, trusted by the United States and its allies to address their most significant and complex challenges in science, security and sustainability. Our people apply undaunted curiosity, relentless ambition and boundless imagination to challenge convention and drive progress. Our commitments are underpinned by the belief that safety, collaboration and well-being are integral to success. Headquartered in Chantilly, Virginia, we have more than 53,000 employees in approximately 80 countries across all 7 continents. Article content Visit us at to learn how we advance the future together. Article content Forward-Looking Statements Article content This press release contains or incorporates by reference statements by Amentum Holdings, Inc. (the 'Company') that relate to future events and expectations and, as such, constitute 'forward-looking statements' as that term is defined in the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements may be characterized by terminology such as 'believe,' 'project,' 'expect,' 'anticipate,' 'estimate,' 'forecast,' 'outlook,' 'target,' 'endeavor,' 'seek,' 'predict,' 'intend,' 'strategy,' 'plan,' 'may,' 'could,' 'should,' 'will,' 'would,' 'will be,' 'will continue,' 'will likely result,' or the negative thereof or variations thereon or similar terminology generally intended to identify forward-looking statements. All statements, other than historical facts, including, but not limited to, statements regarding the anticipated work and revenue under the awarded contract, and the Company's objectives, expectations and intentions, applicable legal, economic and regulatory conditions, and any assumptions underlying any of the foregoing, are forward-looking statements. Article content A number of important factors could cause actual results to differ materially from those contained in or implied by these forward-looking statements, including those factors discussed in our filings with the Securities and Exchange Commission (SEC), including, among others: the occurrence of an accident or safety incident; the ability of the Company to control costs, meet performance requirements or contractual schedules; and other factors set forth under Item 1A, Risk Factors in our Annual Report on Form 10-K for the fiscal year ended September 27, 2024, which can be found at the SEC's website at or the Investor Relations portion of our website at Any forward-looking statement speaks only as of the date on which it is made, and the Company assumes no obligation to update or revise such statement, whether as a result of new information, future events or otherwise, except as required by applicable law. Article content Article content Article content Article content Contacts
National Post
a day ago
- Business
- National Post
BWXT-Led Team Awarded Canadian Nuclear Laboratories Contract from Atomic Energy of Canada Limited
Article content Article content LYNCHBURG, Va. — BWX Technologies, Inc. (NYSE: BWXT) announced today an Atomic Energy of Canada Limited award for the management and operation of Canadian Nuclear Laboratories Ltd. (CNL). Article content Nuclear Laboratory Partners of Canada Inc. ( NLPC) is a Canadian joint venture that has been selected as the preferred bidder for managing CNL after a competitive procurement process that began in 2023. The NLPC team is led by three primary joint venture partners, BWXT, Kinectrics, and Amentum, and a key subcontractor, Battelle. Nuclear Laboratories Partners of Canada Inc. will assume responsibility of CNL, with Dennis Carr as president and CEO, on Sept. 13, 2025, following a transition period that will commence in the coming weeks. The contract, valued at C$1.2 billion per year on average, is for six years with extension periods that can be exercised based on performance for up to a total of 20 years. Article content BWXT's Canadian operations include operating sites in Ontario and British Columbia, employing more than 1,800 people who support the nuclear energy industry. The company is also a certified PAIR-Committed organization supporting Indigenous communities. 'BWXT is honored to lead a dedicated team that will build on decades of impressive work accomplished by the employees of CNL,' said Heatherly Dukes, president, BWXT Technical Services Group, Inc. 'Our management team looks forward to meeting the employees and union leadership of CNL when we begin our transition activities. We are also looking forward to being part of the community and getting to know local leaders and rightsholders.' Article content As Canada's premier nuclear science and technology organization, CNL is a world leader in developing nuclear technology for peaceful and innovative applications. The laboratory maintains a critical portfolio of work that includes development of clean energy sources, innovations in nuclear medicine, and restoration and protection of Canada's environment. Article content Under this new contract, CNL will specifically focus on science and technology, decommissioning and waste management, and Chalk River revitalization missions. The Chalk River Laboratories represent the largest single complex within Canada's science and technology infrastructure. The site contains several licensed nuclear facilities and more than 50 other unique facilities and laboratories. Article content Forward-Looking Statements Article content BWXT cautions that this release contains forward-looking statements, including statements relating to the performance, timing, impact and value, to the extent contract value can be viewed as an indicator of future revenues, of the contract to manage and operate Canadian Nuclear Laboratories, Ltd., future work at Canadian Nuclear Laboratories, Ltd., and the award or exercise of any contract options or orders. These forward-looking statements involve a number of risks and uncertainties, including, among other things, modification or termination of the contract and delays. If one or more of these 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 quarterly 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 About BWXT Article content At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong, Innovation Driven. 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 Article content , Article content X Article content , Article content Facebook Article content and Article content Instagram Article content . Article content Article content Article content Article content Article content Contacts Article content Media Contact Article content Article content John Dobken Article content Article content Senior Manager, Media & Public Relations Article content Article content 202.428.6913 Article content jcdobken@ Article content Investor Contact Article content Article content Chase Jacobson Article content Article content Article content Article content
Bloomberg
2 days ago
- Business
- Bloomberg
Alphabet's AI Critics Are Asking the Wrong Questions
A small group of Alphabet Inc. shareholders made strange bedfellows recently when they demanded the company pay more attention to artificial intelligence risks. The National Legal & Policy Center (NLPC), for instance, was worried about AI's impact on privacy rights. Inspire Investing — a shareholder that backs ' biblically responsible investing ' and sometimes targets so-called woke corporate policies — complained it could censor religious and political speech. And the Shareholder Association for Research & Education (SHARE) said Google's AI could inadvertently erode human rights and fuel discrimination.
Yahoo
15-02-2025
- Business
- Yahoo
Wall Street's diversity dilemma deepens as JPMorgan's Dimon sounds off on 'stupid' DEI expenses
Wall Street's defense of its DEI initiatives suddenly got a lot more complicated. JPMorgan Chase CEO Jamie Dimon, a longtime advocate of diversity and using bank resources to aid minority communities, told employees this past week during a town hall that he "was never a firm believer in bias training" and had questions about money being spent on certain DEI programs. "I saw how we were spending money on some of this stupid shit, and it really pissed me off," Dimon said, according to a recording of the town hall reported by Bloomberg. "I'm just going to cancel them. I don't like wasted money in bureaucracy." Dimon was not specific about what he would cancel. He also said the bank's approach to Black, Hispanic, and LGBTQ communities would not change, and that any plans for certain DEI initiatives were unrelated to Donald Trump's election as president. What was notable about Dimon's new comments is how outspoken he has been about his willingness to fight outside efforts to change JPMorgan's DEI policies. "Bring them on," Dimon said about activist efforts targeting DEI during an interview with CNBC last month. Some of the biggest companies on Wall Street, including JPMorgan, are increasingly targets of conservative activists seeking changes to DEI policies across corporate America. Over the past year, such pressure has contributed to DEI retreats at a number of other high-profile companies, including Meta (META), Walmart (WMT), McDonald's (MCD), Lowe's (LOW), Ford (F), Tractor Supply (TSCO), John Deere (DE), and Target (TGT). Many of these retreats were influenced by a recent US Supreme Court decision on affirmative action at colleges and universities, a ruling that prompted conservative groups to ramp up their efforts to eliminate diverse hiring practices. Corporate diversity goals are also coming under intensifying scrutiny in Washington, D.C. Trump signed an executive order on his first day in office that ends federal DEI programs and another that called for US agencies to "combat illegal private sector DEI actions." 'My administration has taken action to abolish all discriminatory diversity, equity, and inclusion nonsense,' Trump told business leaders and politicians last month during a virtual address to the World Economic Forum in Davos, Switzerland. The National Center for Public Policy Research, the National Legal and Policy Center, and the Heritage Foundation have all submitted shareholder proposals seeking changes or deeper examinations of practices at several big banks. NCPPR and NLPC submitted anti-DEI proposals to Goldman Sachs (GS) and JPMorgan, while Bank of America (BAC) and Citigroup (C) got proposals from NLPC and Heritage asking for audits of how the banks treat customers with certain political beliefs. Robby Starbuck, who built a social media following by criticizing companies for their diversity, equity, and inclusion initiatives, has also set JPMorgan in his sights. "JPMorgan ... they are going to end up being a target for us," the conservative Latino activist told Yahoo Finance recently. A spokesman for JPMorgan said this past week that the company's outlook on DEI isn't changing but that the company "regularly review[s] and make appropriate adjustments to policies and programs, including in the aftermath of the Supreme Court decision in 2023." The DEI "moniker means different things to different people," but for JPMorgan, it is "about doing what we've done for decades — trying our best to ensure that every customer and employee has a fair opportunity and that we serve communities and grow our company,' the JPMorgan spokesman said. JPMorgan's crosstown New York rival, Goldman, revealed a DEI change of its own this past week. It dropped a pledge to avoid taking a company public if that company had an all-white male board. Goldman's Tony Fratto, global head of corporate communications, said in a statement that 'as a result of legal developments related to board diversity requirements, we ended our formal board diversity policy.' Goldman would not comment on whether it plans to hold firm on its other DEI policies posted on its website, which include advancing diversity along race, gender, and sexual orientation lines within hiring, employee mentorship and networks, vendor selection, and capital allocation. Goldman said that even though its IPO mandate is now gone, it still plans to offer its board diversity initiative to interested clients through its major global banking and markets division. 'We continue to believe that successful boards benefit from diverse backgrounds and perspectives, and we will encourage them to take this approach,' Fratto said. The conservative activist asking Goldman's shareholders to approve an audit of the Wall Street giant's DEI policies said the retreat doesn't go far enough. "Had they come to us first and said, 'would you withdraw your proposal if we do this,' I think we would pretty easily have said 'yes'," Stefan Padfield, executive director of National Center for Public Policy Research's (NCPPR) Free Enterprise Project, told Yahoo Finance. NCPPR has already notched one prominent Wall Street win. It was a co-plaintiff in a lawsuit that resulted in a December ruling that rejected Nasdaq's requirement that companies on its exchange set racial and gender targets. The group, which engaged with Goldman earlier this year, is asking the bank to conduct an independent third-party 'racial discrimination' audit analyzing Goldman's 'legal and reputational risks stemming from its race-based initiatives.' The IPO pledge abandoned by Goldman was among those initiatives highlighted by NCPPR. But it wants more changes. Now 'if they come back to the table and ask us to withdraw the proposal, we're going to have to have additional movement because they've already committed to do this, and they did not talk to us,' Padfield added. David Hollerith is a senior reporter for Yahoo Finance covering banking, crypto, and other areas in finance. Click here for in-depth analysis of the latest stock market news and events moving stock prices. Sign in to access your portfolio
