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BWX Technologies Space

BWXT

BWX Technologies (NYSE: BWXT) stands at the forefront of nuclear technology development for space exploration, playing a pivotal role in NASA's ambitious plans to revolutionize deep space propulsion.

Lynchburg, United States Est. 1867 Commercial
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Founded
1867
Headquarters
Lynchburg, United States
Ownership
Subsidiary of BWX Technologies
Parent market cap
$13.8B-13.0% 30d
Employees
10,400as of 2025
Quick Facts
Country
United States
Founded
1867
Type
commercial
Status
operational

About BWX Technologies Space

Updated 2026-09-11

BWX Technologies (NYSE: BWXT) stands at the forefront of nuclear technology development for space exploration, playing a pivotal role in NASA's ambitious plans to revolutionize deep space propulsion. Headquartered in Lynchburg, Virginia, the company brings decades of expertise in nuclear reactor design and manufacturing to the emerging field of space nuclear propulsion.

BWXT was to build the reactor for DARPA's Demonstration Rocket for Agile Cislunar Operations (DRACO), a nuclear thermal propulsion demonstrator with Lockheed Martin, but the flight was put on hold in January 2025, NASA zeroed its share of the funding that May, and DARPA confirmed the programme had ended in June 2025. Under a contract worth approximately $200 million over three years, BWXT is responsible for designing the nuclear reactor, manufacturing the hardware and high-assay low-enriched uranium (HALEU) fuel, and delivering the complete fueled reactor subsystem.

Nuclear thermal propulsion offers thrust-to-weight ratios 10,000 times greater than electric propulsion and specific impulse two to five times greater than chemical rockets.

In March 2025, BWXT opened its Innovation Campus, a 170,000 square-foot facility dedicated to advancing nuclear technologies for land, sea, and space applications. This campus houses the Advanced Technologies business unit and over 350 team members working on cutting-edge nuclear systems for NASA, the Department of Energy, Department of Defense, and commercial applications. The company has been involved with NASA's Nuclear Thermal Propulsion design since 2017, establishing itself as a leading U.S. entity capable of producing space-grade nuclear reactors.

Products and product lines

ProductLineNote
DRACO nuclear thermal propulsion reactor and fuelNuclear thermal propulsion (cancelled 2025)Under a July 2023 DARPA/NASA award, BWXT Advanced Technologies was to design the reactor and manufacture the HALEU fuel for Lockheed Martin's DRACO nuclear-thermal-rocket demonstrator; the program was defunded in NASA's FY2026 budget and DARPA confirmed its termination in June 2025.
UK-US space nuclear microreactor collaborationSpace nuclear power R&DBWXT and Rolls-Royce won a $1.5 million UK Space Agency International Bilateral Fund (Phase 2) award in April 2024 to mature microreactor technology for space power missions under the 2023 US-UK Atlantic Declaration.
BWXT Advanced Technologies / Innovation CampusSpace and defense nuclear R&D business unitBWXT's Advanced Technologies unit, consolidated into a new 170,000-square-foot Innovation Campus in Lynchburg, Virginia (opened March 2025, 350+ staff), is the BWXT unit that holds its NASA/DARPA nuclear-thermal-propulsion and space-reactor engineering work.
Legacy NASA nuclear-thermal-propulsion fuel and reactor designNuclear fuel and reactor engineering for NASABWXT has designed and delivered nuclear-thermal-propulsion reactor fuel to NASA since 2017 (the earliest deliveries date to December 2021), work that pre-dated and fed into the 2023 DRACO award.

Timeline

  1. 2023 BWXT, partnered with Lockheed Martin, is selected by DARPA and NASA to design and build the nuclear reactor and manufacture the HALEU fuel for the DRACO nuclear-thermal-propulsion demonstrator, announced July 26, 2023. [source]
  2. 2024 BWXT and Rolls-Royce are awarded $1.5 million from the UK Space Agency's International Bilateral Fund (Phase 2), announced April 8, to jointly develop microreactor technology for space power missions. [source]
  3. 2025 DRACO's planned 2027 launch is placed on indefinite hold, reported January 17, after nuclear-reactor ground-test requirements proved more complex than expected. [source]
  4. 2025 BWXT opens its 170,000-square-foot Innovation Campus in Lynchburg, Virginia on March 26, consolidating Advanced Technologies' nuclear-thermal-propulsion, microreactor and fuel-manufacturing work for NASA, DARPA and the Department of Defense. [source]
  5. 2025 NASA's FY2026 budget technical supplement, released in May, proposes zero funding for nuclear thermal and nuclear electric propulsion, confirming DRACO's cancellation. [source]
  6. 2025 Kate H. Kelly succeeds Joseph K. Miller as President of BWXT Advanced Technologies on June 16; she had been director for space and emerging programs within Advanced Technologies since 2022. [source]
  7. 2025 DARPA confirms it has terminated DRACO, reported June 27, with deputy director Rob McHenry citing the steep drop in launch costs driven by SpaceX that eroded the program's original cost-benefit case. [source]

Team

  • Kate H. KellyPresident · source

Signals

Market cap, 90 days
-22.4%
Verification
Verified 2026-09-11

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BWXT · Daily close data

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Funding

Market Cap
$13.8B

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Frequently asked about BWX Technologies Space

Quick answers to the questions readers most often search for.

When was BWX Technologies Space founded?
BWX Technologies Space was founded in 1867 in United States.
Where is BWX Technologies Space headquartered?
BWX Technologies Space is headquartered in Lynchburg, United States.
What does BWX Technologies Space do?
BWX Technologies (NYSE: BWXT) stands at the forefront of nuclear technology development for space exploration, playing a pivotal role in NASA's ambitious plans to revolutionize deep space propulsion. Headquartered in Lynchburg, Virginia, the company brings decades of expertise in nuclear reactor design and manufacturin…
Is BWX Technologies Space publicly traded?
No. BWX Technologies Space is part of BWX Technologies, Inc., which trades under BWXT. There is no separate listing for the division itself.
What sector does BWX Technologies Space operate in?
BWX Technologies Space works in nuclear and Propulsion.

Sources

The structured fields on this page (founding year, location, sector, status, listing) and the profile text are drawn from the sources below. How profiles are drafted and checked is described in our methodology.

  1. Official website (www.bwxt.com)
  2. Market data via Yahoo Finance (BWXT) · retrieved 2026-09-14
  3. SEC 10-K · retrieved 2026-09-04
  4. Wikidata / Wikipedia · retrieved 2026-09-05
  5. BWXT: BWXT to Provide Nuclear Reactor Engine and Fuel for DARPA Space Project (26 Jul 2023) · retrieved 2026-09-11
  6. BWXT: UK Space Agency Awards Space Reactor Development Project to BWXT and Rolls-Royce (8 Apr 2024) · retrieved 2026-09-11
  7. Aviation Week: Nuclear Reactor Test Requirements Put DRACO Launch Plans on Hold (17 Jan 2025) · retrieved 2026-09-11
  8. BWXT: BWXT Launches Innovation Campus to Speed Development of Advanced Nuclear Technologies (26 Mar 2025) · retrieved 2026-09-11
  9. NASA: FY 2026 Budget Technical Supplement (May 2025) · retrieved 2026-09-11
  10. BWXT: BWXT Announces Leadership Changes (16 Jun 2025) · retrieved 2026-09-11
  11. Breaking Defense: DARPA's DRACO Nuclear Propulsion Project Roars No More (27 Jun 2025) · retrieved 2026-09-11
  12. BWXT: Nuclear Thermal Propulsion (product/program page, checked Mar 2025) · retrieved 2026-09-11

Data Accuracy Notice: Information about BWX Technologies Space is compiled from publicly available sources including company websites, press releases, regulatory filings, and industry reports. Data is reviewed periodically but may not reflect the most recent developments.

Matched to SEC EDGAR, LEI register, Wikidata · data pass September 11, 2026
Editorial owner: Dr. Donovan, Editor-in-Chief Company representatives may submit corrections This page does not constitute an endorsement or affiliation Learn about our data methodology