BWX Technologies (BWXT) has entered into an agreement to acquire Kinectrics, Inc., for approximately $525 million, including assumption of Kinectrics' net pension and debt liabilities, and estimated transaction expenses. The company said the acquisition is highly complementary to BWXT's Commercial Operations segment and will enable an expanded portfolio of products and services for current and new customers in the global nuclear power and radiopharmaceutical industries. David Harris, President & CEO of Kinectrics, will continue to lead the organization.
BWX Technologies targets the acquisition to close in the middle of 2025 and is expected to be modestly accretive to earnings, excluding purchase accounting and other one-time costs.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.