BWXT To Invest $80M In Mount Vernon, Indiana Factory

The manufacturer of naval nuclear reactors used in submarines and aircraft carriers will expand its Mount Vernon, IN facility, creating more than 60 new jobs by 2021.


https://businessfacilities.com/2018/10/bwxt-to-invest-80m-mount-vernon-indiana-factory/
The manufacturer of naval nuclear reactors used in submarines and aircraft carriers will expand its Mount Vernon, IN facility, creating more than 60 new jobs by 2021.
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BWXT To Invest $80M In Southwest Indiana Factory

The manufacturer of naval nuclear reactors used in submarines and aircraft carriers will expand its Mount Vernon, IN facility, creating more than 60 new jobs by 2021.

BWXT To Invest $80M In Mount Vernon, Indiana Factory

BWXT Nuclear Operations Group Inc. will invest more than $80 million to expand operations at its Mount Vernon, IN facility, where employees manufacture heavy components for naval nuclear reactors used in submarines and aircraft carriers. The subsidiary of BWXT Technologies Inc. will create more than 60 new jobs in southwest Indiana by 2021. Building improvements and new machinery equipment will support an anticipated increase in production at the company’s 640,000-square-foot campus.

Mount Vernon, Indiana
(Photo: BWXT)

“BWXT performs important work in support of our national defense in Mount Vernon, so we’re pleased today to announce this investment in the business, our employees and the community,” BWXT NOG President Joel W. Duling said.

Mount Vernon General Manager Gary Darter added, “Our Indiana facility has unique manufacturing and shipping capabilities due to its location on the Ohio River, so we’re very pleased to be able to announce the continued growth of this site. We’re also grateful for the leadership shown by our state and community, which will allow us to make this investment and hire new employees.”

The company employs more than 300 people at its Mount Vernon factory, which is one of five BWXT NOG component-manufacturing locations, and also manufactures submarine missile tubes.

The Indiana Economic Development Corporation (IEDC) offered BWXT up to $725,000 in conditional tax credits based on the company’s job creation plans. The tax credits are performance-based, so until jobs are created, the company is not eligible to claim them. Posey County, in partnership with the Posey County Economic Development Partnership, has also offered additional performance-based incentives based on the company’s planned investments in equipment used for manufacturing, logistics, R&D and IT.

Mount Vernon, Indiana
(Photo: BWXT)

“With locations across the U.S., BWXT had a world of options for this investment,” said Elaine Bedel, IEDC president. “Choosing to grow in Mount Vernon signifies that BWXT has confidence in the state’s pro-growth business climate, the southwest Indiana community, and most importantly, our skilled Hoosier workforce that will help support increased production and make this expansion possible.”

“We are thrilled BWXT chose the Mount Vernon facility for this expansion project. The growth will provide more high-wage opportunities for Posey County residents,” said Jim Alsop, president of the Posey County Commissioners. “BWXT and its employees have consistently been engaged in the Posey County community with their involvement in civic and non-profit organizations. We consider BWXT a valued member of our community and look forward to working with the company for many years to come.”

Headquartered in Lynchburg, VA, BWXT Technologies is a leading supplier of nuclear components and fuel to the U.S. government. The company also provides technical and management services to support the U.S. government in the operation of complex facilities and environmental remediation activities and supplies precision manufactured components, services and fuel for the commercial nuclear power industry. With approximately 6,250 employees, BWXT has 11 major operating sites in the U.S. and Canada. In addition, BWXT joint ventures provide management and operations at more than a dozen U.S. Department of Energy and NASA facilities.

Relocating Or Expanding Your Business In Indiana

Considering Indiana for your company’s relocation or expansion project? Check out Business Facilities’ Indiana Incentives and Workforce Development Guide.

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