BWX Technologies announced an agreement to acquire Aerojet Ordnance Tennessee, Inc. (A.O.T.), a specialized materials business, from L3Harris for approximately $100 million. This acquisition is set to expand BWXT's portfolio in advanced special materials.
A.O.T. holds a unique position as the sole provider of depleted uranium to the U.S. government, a critical material for national defense purposes. This strategic move is expected to bolster BWXT's role in supporting U.S. naval shipbuilding contracts and other defense programs.
The acquisition aligns with BWXT's strategy to leverage its core nuclear expertise to capitalize on persistent secular tailwinds in global power competition and national security. It is anticipated to enhance the company's capabilities in producing advanced specialized metal components.
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