UK Space Agency Awards Space Reactor Development Project to BWXT and Rolls-Royce - Seite 2

Professor Anu Ojha, Director of Championing Space at the UK Space Agency, said, “Our International Bilateral Fund bolsters international collaboration that harnesses the UK’s national expertise, supports new space capabilities and catalyses investment. This exciting research by Rolls-Royce to develop space nuclear power is an opportunity to showcase the UK as a spacefaring nation. Innovative technologies such as this one could pave the way for continuous human presence on the Moon, whilst enhancing the wider UK space sector, creating jobs and generating further investment.”

Nuclear power, effectively utilized in space, has the capability of delivering a step change in mission capability across an extensive platform of applications. Space microreactors are a solution to meet these requirements in a sustainable and resilient way. All space missions depend on a power source to support systems for communications, life-support and science experiments. Nuclear power has the potential to dramatically increase the duration of future space missions and their scientific value.

Forward Looking Statements

BWX Technologies, Inc. (“BWXT”) cautions that this release contains forward-looking statements, including statements relating to expectations for the development, production, performance, demand, timing and impact of the IBF Phase 2 funding, teaming agreement and any fission nuclear systems. These forward-looking statements involve a number of risks and uncertainties, including, among other things, modification or termination of the contract, funding of current and future work and delays in development or performance. 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, 2023 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.