Oklo Inc has acquired ARMEC, a precision manufacturing and engineering firm with over 20 years of experience in the nuclear industry. This acquisition enhances Oklo's engineering, manufacturing, and deployment capabilities by integrating ARMEC's expertise in machining, prototyping, fabrication, and supply chain relationships. ARMEC had been collaborating with Oklo on nozzle manufacturing processes and recently posted positive free cash flow, which is expected to improve Oklo's margins. With $2.54 billion in cash and securities, Oklo is well-positioned to pursue further acquisitions to expand its nuclear capabilities amid growing demand from federal and commercial customers.
The U.S. Department of Energy has chosen Oklo Inc. and four other companies to convert surplus plutonium from defense programs into fuel for advanced nuclear reactors. This initiative aims to transform Cold War-era plutonium stockpiles from a liabili...
Oklo, a pre-revenue company focused on small modular nuclear reactors, reported zero revenue and a $73.62 million net loss in FY2024, with no commercial operations yet and a target to start power generation by late 2027 or early 2028. Despite a large...
