BWX Technologies (BWXT) has entered into a definitive agreement to acquire Precision Components Group (PCG), including its subsidiaries Precision Custom Components (PCC) and DC Fabricators (DCF). PCG is a privately held US manufacturer of complex, heavy-walled and heat-transfer components. The acquisition is a strategic move designed to significantly expand BWXT’s heavy-manufacturing capabilities and establish a stronger footprint for commercial nuclear production in the US. The financial terms of the deal were not disclosed.
PCG, which generated revenue of approximately $125m in 2025, will join BWXT’s Commercial Operations segment and continue operating at its current facilities. PCG will continue its established work for the US Navy, providing components and services for programmes such as Electric Boat and Bechtel Plant Machinery.
The acquisition adds more than 500,000 square feet of US heavy-manufacturing capacity, including large-envelope machining, heavy weldments, pressure vessels, heat exchangers and ASME-certified component fabrication, and a skilled workforce of over 400 employees. The transaction is expected to close during the second half of 2026, subject to required regulatory approvals and customary closing conditions.
“PCG brings exceptional technical expertise, deep manufacturing capability and a highly skilled workforce to BWXT,” said John MacQuarrie, BWXT President for Commercial Operations. “This acquisition builds on BWXT’s strong performance in the commercial nuclear industry and represents an important first step as we establish US-based commercial nuclear manufacturing capacity to meet the accelerating needs of US commercial nuclear customers.”
Rex D Geveden, BWXT President & CEO, noted: “As nuclear demand accelerates across North America, BWXT is committed to providing the capacity and speed that the commercial nuclear industry requires. “This acquisition creates an immediate commercial manufacturing footprint for BWXT that complements our existing service offerings to US customers and fully leverages our commercial engineering expertise and supplier base.”
PCC, based in York, Pennsylvania, is a leading manufacturer of custom-fabricated heavy pressure vessels, reactors, casks and other heavy-walled components for nuclear, commercial and government applications. The facility includes approximately 400,000 square feet of manufacturing space and provides full-service capabilities including machining, welding, fabrication, inspection, non-destructive testing, and hydrostatic and leak testing. PCC works across stainless and carbon steel, high-strength alloys, nickel alloys, titanium and other specialty metals.
DCF, located in Florence, New Jersey, specialises in the design and manufacture of steam condensers, heat exchangers and large-envelope weldments for commercial and government heat-transfer and industrial applications. The facility sits on a 25-acre site with barge-loading capability and includes approximately 125,000 square feet of fabrication and machining space, supporting corrosion-resistant alloy work and complex, large-scale fabrication needs.
The acquisition of PCG is a major catalyst for BWXT’s role in the small modular reactor (SMR) market, shifting the company from a specialised parts supplier to a powerhouse with the “capacity and speed” needed for mass production.
A critical challenge for SMR deployment is a lack of existing facility space and skilled labour. By acquiring PCG, BWXT immediately adds 500,000 square feet of heavy-manufacturing space and 400 skilled workers, effectively “reshoring” the specialised capacity needed to build reactor pressure vessels and heat exchangers.
SMRs rely on factory-built modules and PCG’s expertise in heavy-walled components and large-envelope machining allows BWXT to manufacture these modules in a controlled environment, which reduces costs and speeds up delivery for commercial customers.
BWXT is already a key partner for major SMR players. This acquisition strengthens its ability to deliver end-to-end solutions for: GE Hitachi – BWXT is manufacturing the BWRX-300 reactor pressure vessel; Rolls-Royce SMR – BWXT is designing and manufacturing their steam generators; and NuScale Power – BWXT serves as a primary manufacturer to optimise their reactor designs for transport and assembly.
BWXT is also developing its own Advanced Nuclear Reactor (BANR), a 75 MW modular plant designed for data centres and remote sites. PCG’s facilities provide the physical infrastructure needed to bring BANR to market faster.
Beyond its recent expansion into commercial nuclear manufacturing, BWXT remains a cornerstone of the US defence sector and this segment is BWXT’s historical core, generating roughly $2.35bn in revenue for 2025. BWXT has a de facto monopoly as the sole manufacturer of nuclear reactors and fuel for the US Navy’s entire nuclear fleet, including Virginia-class and Columbia-class submarines and Ford-class aircraft carriers.
The acquisition of PCG immediately strengthens BWXT’s position as the primary supplier for the US Navy. PCG’s subsidiaries, PCC and DCF, are already established suppliers for major naval contractors such as Electric Boat and Bechtel Plant Machinery. BWXT currently manages a record $7.3bn backlog. Adding 500,000 square feet of heavy-manufacturing space makes it possible to accelerate the production of reactor components for Virginia and Columbia-class submarines without building new factories from scratch.
