NYSE:BWXTAerospace & Defense
BWX Technologies (BWXT) Is Down 7.3% After Removal From Russell Defensive Indexes Post mPower Deal
In June 2026, BWX Technologies, Inc. was removed from several Russell 1000 Defensive indexes shortly after Applied Atomics announced a licensing agreement for BWXT’s mPower small modular reactor technology, under which BWXT retains intellectual property ownership, exclusive manufacturing rights and royalties.
The mPower agreement effectively shifts BWXT’s role toward being a technology and manufacturing partner in small modular reactors, potentially influencing how index providers and...