NRC approves first U.S. small modular reactor construction permit at Tennessee Valley Authority's Clinch River site

GE Aerospace agreed to acquire Consolidated Precision Products (CPP) for $11.75 billion to secure airfoil supply and ease bottlenecks. CPP produces critical engine components, and the deal is valued at 18-26 times 2027 EBITDA. GE expects 30% demand growth by 2030. The acquisition faces regulatory hurdles and may close in late 2027. CPP's CEO welcomed the partnership.

Several companies received defense contracts: University of Dayton Research Institute ($85M), Joby Aviation ($45M), Butt Construction ($17.7M), Collins Aerospace ($10.4M), and GE Aerospace ($16.9M). Contracts involve research, logistics, construction, and repairs for military aircraft.

The Nuclear Regulatory Commission (NRC) issued the first US construction permit for the BWRX-300 SMR, a small modular reactor, to the Tennessee Valley Authority (TVA). The NRC completed its review in 14 months, four months ahead of schedule. TVA, a government-owned power company, is now permitted to construct the reactor and is negotiating with industry partners for cost-sharing.

The U.S. Nuclear Regulatory Commission issued a construction permit to the Tennessee Valley Authority for the Clinch River BWRX-300, the first commercial small modular reactor authorized in the U.S. The permit allows construction but not operation, with additional licensing required. The project has received $550 million in federal and utility funding, and the BWRX-300 design has a proven track record, accelerating the review process.

The U.S. Nuclear Regulatory Commission (NRC) has granted a construction permit for GE Vernova's BWRX-300 small modular reactor at the Tennessee Valley Authority (TVA) site. This marks a significant milestone for the advanced nuclear technology project.

GE Aerospace (GE) trades at a high earnings multiple of 36.9, with adjusted revenue growing over 20% for five quarters. However, supply chain issues, including a 20% increase in spare parts delinquencies, pose risks. Commercial Engines & Services, its largest segment, grew 24% in fiscal 2025 but faces delays. GE shares fell 14.7% in three months, and investors watch for improvements in parts shortages.