Statement from President and CEO Rex Geveden on BWXT’s Ongoing Operations

LYNCHBURG, Va.--(BUSINESS WIRE)--BWX Technologies, Inc. (NYSE: BWXT) today released a statement from President and Chief Executive Officer Rex Geveden regarding BWXT’s response to the ongoing COVID-19 health crisis.

“The global pandemic is an extraordinary and unprecedented situation for our business and our employees,” said Geveden. “Weeks ago, we created a pandemic planning and response team to address the policies, procedures and practices required to respond to all aspects of the COVID-19 crisis.

“We have been acutely focused on protecting the health and safety of our employees. We updated policies to ensure appropriate benefits are in place for employees who may become ill or need to self-quarantine for other reasons, including travel and suspected exposures. We have also implemented a number of measures to protect our workers, including shift staggering, social distancing, and modification of food services, among many others. And to the maximum extent possible, our employees are working remotely.

“Because of its roles in national security, electric power generation and nuclear medicine, BWXT has been designated an essential business by both the U.S. federal government and by the applicable Canadian provincial governments where our facilities are located. Accordingly, all 12 major operating facilities are open and operating at this time.”

Forward Looking Statements
BWXT cautions that this release contains forward-looking statements, including statements relating to our efforts to respond to COVID-19 health crisis. These forward-looking statements involve a number of risks and uncertainties, including, among other things, changes in general economic conditions, reduced demand for our products and services, disruptions to our supply chain and/or production, changes in government regulations and other factors, including any such actions in response to the COVID-19 health crisis. 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, 2019 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. Headquartered in Lynchburg, Va., BWXT provides safe and effective nuclear solutions for national security, clean energy, environmental remediation, nuclear medicine and space exploration. With approximately 6,600 employees, BWXT has 12 major operating sites in the U.S. and Canada. In addition, BWXT joint ventures provide management and operations at more than a dozen U.S. Department of Energy and NASA facilities. Follow us on Twitter at @BWXTech and learn more at www.bwxt.com.