Company: BWXT
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001486957-25-000008
Chunk: 30

Company: BWX Technologies, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 30
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 in time control transfers to the customer or over time using a unit of output method. This segment generates revenue primarily from firm-fixed-price contracts that do not contain variable consideration as well as time-and-materials based contracts. Certain of these contracts contain assurance warranties and/or provisions for liquidated damages, which are expected to have an immaterial impact to the contracts based on our historical experience. We are entitled to payment on the majority of our Commercial Operations segment contracts when we achieve certain milestones related to our progress.Disaggregated RevenuesWe allocate geographic revenues based on the location of the customers' operations. Revenues by geographic area and customer type were as follows: Year Ended December 31, 2024Year Ended December 31, 2023Year Ended December 31, 2022Government OperationsCommercial OperationsTotalGovernment OperationsCommercial OperationsTotalGovernment OperationsCommercial OperationsTotal (In thousands)United States:Government$2,068,239 $— $2,068,239 $1,884,671 $— $1,884,671 $1,703,005 $— $1,703,005 Non-Government86,012 75,954 161,966 123,604 57,654 181,258 91,653 31,120 122,773 $2,154,251 $75,954 $2,230,205 $2,008,275 $57,654 $2,065,929 $1,794,658 $31,120 $1,825,778 Canada:Government$127 $— $127 $245 $— $245 $79 $— $79 Non-Government747 430,385 431,132 778 389,234 390,012 3,134 373,705 376,839 $874 $430,385 $431,259 $1,023 $389,234 $390,257 $3,213 $373,705 $376,918 Other:Government$12,165 $— $12,165 $10,016 $— $10,016 $1,356 $— $1,356 Non-Government15,750 17,633 33,383 12,023 19,456 31,479 9,256 22,533