Company: BWXT
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001486957-25-000008
Chunk: 137

Company: BWX Technologies, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 2
Chunk 137
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Table of Contents

Item 2.    PROPERTIES

The following table provides the segment name, location and general use of each of our principal properties at December 31, 2024 that we own or lease:

Business Segment and LocationPrincipal UseOwned/Leased(Lease Expiration)Government OperationsLynchburg, VirginiaManufacturing facility (1) (4)OwnedBarberton, OhioManufacturing facilityOwnedEuclid, OhioManufacturing facilityOwnedMount Vernon, IndianaManufacturing facilityOwnedErwin, TennesseeManufacturing facility (2) (4)OwnedCommercial OperationsCambridge, Ontario, CanadaManufacturing facilityOwnedPeterborough, Ontario, CanadaManufacturing facility (3) (4)Leased (2036)Toronto, Ontario, CanadaManufacturing facility (3) (4)Leased (2036)Kanata, Ontario, CanadaManufacturing facility (3) (4)Leased (2038)Vancouver, British Columbia, CanadaManufacturing facility (3) (4)Leased (2031)Oakville, Ontario, CanadaManufacturing facilityLeased (2029)CorporateLynchburg, VirginiaAdministrative officeLeased (2026)Washington, District of ColumbiaAdministrative officeLeased (2033)Charlotte, North CarolinaAdministrative officeLeased (2025)McLean, VirginiaAdministrative officeLeased (2035)

(1)Our Government Operations segment operates two facilities in Lynchburg, Virginia:

•The segment's primary manufacturing plant which resides on 497 acres and has approximately 1 million square feet under roof. This facility is the nation's largest commercial high-enriched uranium processing facility and is also the largest commercial International Atomic Energy Agency certified facility in the U.S.

•A center for manufacturing and research and development, referred to as the BWXT Innovation Campus. This site is adjacent to the facility noted above.

(2)Nuclear Fuel Services, Inc. ("NFS") operates this facility, which manufactures fuel for naval nuclear reactors and downblends Cold War-era government stockpiles of high-enriched uranium. NFS is the sole provider of nuclear fuel for the U.S. Navy.

(3)These facilities are licensed by the CNSC in order to allow us to fabricate natural uranium fuel and produce medical radioisotopes.

(4)These facilities are subject to review by either the NRC or the CNSC for licensee performance. The performance reviews determine the safe and secure conduct of operations of the facility.

We consider each