KBR, Inc. - KBR STOCK NEWS

KBR (NYSE: KBR) has secured a contract from Weardale Lithium to develop one of Europe's most advanced lithium brine extraction demonstration facilities in Eastgate, County Durham, UK. The project combines KBR's PureLi® technology with Geolith SAS' Li-Capt® Direct Lithium Extraction (DLE) technology to produce battery-grade lithium carbonate from geothermal groundwater.

The facility is designed to scale up to a commercial production target of 10,000 tons per annum, with initial battery-grade lithium carbonate production expected in early 2026. The project is projected to contribute over £1bn to the North East England economy and is recognized in the UK Government's Critical Minerals Strategy as important for the country's transition to a net-zero economy.

KBR has secured a $187M task order from the U.S. Department of State to deliver medical support services in Iraq. The Medical Support Services Iraq (MedSSI) task order, operating under the Diplomatic Platform Support Services (DiPSS) contract, will run for five years through 2029.

Under this contract, KBR will manage a Diplomatic Support Hospital and four clinics supporting the U.S. Embassy in Iraq, serving over 4,000 personnel. The company will provide comprehensive medical care including primary, urgent, and emergency services. The medical team will offer specialized care in areas such as surgery, orthopedics, neurology, gynecology, radiology, emergency medicine, critical care, mental health and triage.

This marks KBR's first medical support contract with the State Department, building on their experience providing health services to NASA and U.S. military personnel.

KBR has secured a contract to support Saudi Aramco's Master Expansion Program, focusing on increasing gas handling capacity at key regional locations through 2028. The project involves enhancing the capacity of Shaybah field's four Gas-Oil Separation Plants (GOSPs), power plant, and well injection facilities.

The initiative emphasizes sustainability through integration of carbon-free energy alternatives, carbon capture, and gas reinjection to reduce emissions. The project includes optimizing existing equipment and evaluating a greenfield facility to support Saudi Aramco's 2060 net-zero goals.

KBR's involvement in Saudi Arabia extends over four decades, contributing to energy, infrastructure, and sustainability sectors in alignment with Saudi Arabia's Vision 2030.

KBR has secured a global agreement with BP International for engineering, procurement and construction management (EPCM) services. The three-year contract, with a potential two-year extension option, covers both conventional and new energy sector projects worldwide, including onshore, offshore, greenfield, and brownfield developments.

The agreement builds upon KBR's 70-year relationship with BP and expands their existing engineering services partnership. Project teams will collaborate across multiple global locations, including Houston, Baku, India, Abu Dhabi, Oman, Singapore, Perth, and London. KBR has previously supported BP's projects in the U.S., North Sea, Iraq, Africa, and Azerbaijan, providing both EPCM services and licensed technology solutions.

KBR has announced its upcoming fourth quarter and fiscal 2024 earnings conference call, scheduled for Monday, February 24, 2025, at 3:00 p.m. Central Time (4:00 p.m. Eastern Time). The company will release its Q4 2024 earnings report and presentation before the call, making them available on the corporate website. Investors can access the conference call through a live webcast on the Investor Relations section at investors.kbr.com. Following the call, a replay will be accessible via the website or by phone at +1.866.813.9403 using passcode 718317.

KBR announced significant organizational changes and executive appointments to advance its strategic direction. The company is realigning its segments, with Government Solutions being renamed to Mission Technology Solutions (MTS), while Sustainable Technology Solutions (STS) retains its name. The legacy GS International business unit will be integrated into both segments.

Key executive changes include Byron Bright being appointed as Chief Operating Officer effective May 2025, and Stuart Bradie becoming Chair following the 2025 Annual Meeting. The company reaffirmed its 2027 financial targets, including consolidated revenues of $11.5 billion, Adjusted EBITDA of $1.15+ billion, and Operating Cash Flow of $700+ million. Both MTS and STS segments are targeting revenue CAGR of 11-15%, with Adjusted EBITDA margins of 9-10% and ~20% respectively.

KBR (NYSE: KBR) has been selected to provide its ammonia technology for Kazakhstan's first world-scale fertilizer complex. The company will deliver a technology license, proprietary engineering design, equipment, and catalyst solutions for KazAzot's 2,000 metric tons per day ammonia plant in Aktau. The project aims to address food security needs in Kazakhstan and neighboring countries.

KBR's PurifierTM ammonia technology is designed to provide enhanced operational efficiency and lower carbon footprint compared to conventional technologies. The company has licensed, engineered, or constructed over 260 grassroot ammonia plants worldwide since 1943.

KBR has secured an estimated $88 million task order contract from the Department of Defense Information Analysis Center (DoD IAC). The five-year contract, primarily based at Naval Air Station Patuxent River, focuses on rapid prototyping of new technologies for unmanned aviation platforms. KBR will develop and integrate new technologies into existing platforms, mature designs into producible products, and demonstrate these technologies in realistic environments.

This recompete win builds on KBR's 15-year track record of supporting unmanned systems across all four UAS program offices, including platforms such as ExTUAS, MQ-4C Triton, MQ-9A Reaper, and MQ‑25A Stingray.

KBR has secured a $445 million cost-plus-fixed-fee contract for the Joint Mission Environment Test Capability (JMETC) program under the Department of Defense Information Analysis Center. This five-year recompete contract supports the Office of the Secretary of Defense's Test Resource Management Center (TRMC).

The company will enhance JMETC's capabilities by researching, assessing, and addressing test and experimentation requirements across multiple DoD locations. The JMETC environment provides infrastructure for joint distributed test events by integrating live, virtual, and constructive test resources.

Building on 24 years of support, KBR has expanded its expertise in critical technology areas including AI/ML, hypersonics, big data, cybersecurity, and event support for large force exercises.