PyroGenesis Canada Inc. (TSX:PYR, NASDAQ:PYR) has received an order from the US Navy’s shipbuilder, Newport News Shipbuilding, for three waste-destructing plasma torches, the company announced.
The three plasma torches ordered are for the USS Gerald R Ford aircraft carrier, considered the largest warship ever built and valued at roughly $13 billion. The torches will be used in PyroGenesis’ proprietary Plasma Arc Waste Destruction System (PAWDS) that the company previously built and delivered to the US Navy.
The Ford conducted its maiden mission in the fall of 2022, during which the ship tested operational systems on board including the PAWDS. After the mission, Newport News Shipbuilding ordered three additional plasma torches as well as ancillary components.
The value of the order is about C$700,800 (US$507,500), and final delivery is scheduled for the third quarter.
“We are proud that PyroGenesis continues to be a supplier of choice for ultra-high temperature waste destruction solutions on US Navy aircraft carriers,” CEO Peter Pascali said in a statement.
The Ford is the first of four carriers that the US Navy has contracted to have the PAWDS system on board. The company also has contracts for the USS John F Kennedy, the USS Enterprise and USS Doris Miller. The USS Enterprise began construction in 2022 with a launch expected in 2023, and the USS Doris Miller will follow.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
Follow him on Twitter @andrew_kessel