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BWXT Announces $2.2 Billion in Contracts for Naval Nuclear Reactor Components and Fuel
April 20, 2021 GMT
LYNCHBURG, Va. (BUSINESS WIRE) Apr 20, 2021
BWX Technologies, Inc. (NYSE: BWXT) announced today the award of U.S. Naval Nuclear Propulsion Program contracts totaling approximately $2.2 billion, including future-year options, for the manufacture of naval nuclear reactor components and fuel.
“Today’s announcement marks a continuation of a more-than 65-year-old trusted relationship with the U.S. government to provide the reactors that power our nation’s nuclear navy,” said BWXT Nuclear Operations Group, Inc. President Joel W. Duling. “We are proud to continue manufacturing essential components for this generation of sailors.”
PumPumPum, a startup that gives used cars on lease, has secured Rs 5.5 crore in a funding round led by Inflection Point Ventures. Lets Venture & Agility Ventures were other investors in the round. The company will use the money for consumer awareness, technology development, brand building and expansion. “Car leasing and subscription is fast catching pace in the country and has a great future ahead. To take this niche category to newer heights, we are consistently expanding our reach along with tech disruption and high decibel consumer awareness. We are committed to offer a hassle-free smart car experience with zero down-payments, zero maintenance charges and zero insurance premiums,” said Tarun Lawadia, founder and chief executive officer of PumPumPum.
Gurugram-based startup
PumPumPum, which offers used car leasing in the corporate and retail segment, on Friday announced that it has raised Rs 5.5 crore in pre-Series A round led by Inflection Point Ventures. Other investors Lets Venture and Agility Ventures also participated in the funding round.
According to the official statement, PumPumPum plans to utilise the capital for category disruption, consumer awareness, technology development, brand building and expansion.
Speaking about the new development,
Tarun Lawadia, Founder and CEO, PumPumPum stated,
“Car leasing and subscription is fast catching pace in the country and has a great future ahead. To take this niche category to newer heights, we are consistently expanding our reach along with tech disruption and high decibel consumer awareness.
BWXT Names Jim J. Bittner Vice President and General Manager of Lynchburg, Virginia operations
15 March 2021
(LYNCHBURG, Va. - March 15, 2021) - BWX Technologies, Inc. (NYSE: BWXT) announced today that Jim J. Bittner has been named Vice President and General Manager of the BWXT Nuclear Operations Group, Inc. (BWXT NOG) manufacturing facility in Lynchburg, Virginia.
Bittner leads a workforce of approximately 2,200 employees in the manufacture of naval nuclear reactors for submarines and aircraft carriers, as well as fuel assemblies for research and test reactors. His new role follows a history of progressive leadership and promotion within the company over the last 32 years. Before moving to Lynchburg last year, where he most recently led the manufacturing facility s operations department, he was the general manager of the BWXT NOG factory in Barberton, Ohio.
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