KBR - KBR STOCK NEWS

KBR (NYSE: KBR) has secured a second ammonia cracking technology contract from Hanwha Impact for their clean power generation facility in Korea. The contract includes technology licensing, proprietary engineering design, equipment, and services for a 214 metric tons per day hydrogen facility.

The project will implement KBR's proprietary H2ACT® ammonia cracking technology to produce clean hydrogen, supporting Korea's decarbonization initiatives. This technology builds upon KBR's established ammonia technology expertise, which has been implemented in over 260 grassroots plants since 1944.

KBR (NYSE: KBR) has scheduled its first quarter 2025 earnings conference call for Tuesday, May 6, 2025, at 7:30 a.m. Central Time (8:30 a.m. Eastern Time). The company will release its Q1 2025 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 KBR's 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: 502816.

KBR (NYSE: KBR) has secured a $229M recompete task order under the Department of Defense Information Analysis Center's multiple-award contract to provide life cycle research and analysis for U.S. Army Cargo Helicopter Systems. The five-year contract will be executed in Huntsville, Alabama.

The scope includes research, analysis, and recommendations to enhance availability, reliability, and reduce support costs for the CH-47 Chinook helicopter for Cargo Helicopter Project Management Office and Foreign Military Sales partners. KBR will conduct maintainability analyses, quality assessments, supportability strategies, logistics management, and life cycle cost analyses.

The CH-47 Chinook serves critical roles in troop and cargo transport, medical evacuation, search and rescue, and disaster relief operations. KBR brings over 35 years of experience supporting the Aviation PEO and has been the incumbent contractor for U.S. Army CH-47 helicopters work for the past decade.

KBR has secured a $176M cost-plus fixed-fee, indefinite delivery indefinite quantity (IDIQ) contract from the Air Force Research Laboratory (AFRL) for the Air Force Maui Optical and Supercomputing Site (AMOS) in Hawaii. The Advanced Space Technology Research and Optimization (ASTRO) contract spans seven years.

Under this contract, KBR will provide important support services including:

• Operations and maintenance of advanced experimental equipment
• Data processing and analysis
• System maintenance and upgrades
• Modernization of mission systems
• Electro-optics work
• Documentation and archive management

AMOS plays a strategic role in national security by monitoring man-made space objects and developing next-generation space domain awareness capabilities.

KBR (NYSE: KBR) has secured an $85M firm fixed price task award from the U.S. Air Force under the Air Force Contract Augmentation Program (AFCAP). The contract focuses on the procurement, design, and global delivery of AM-2 Matting airfield damage repair kits.

The project, running from February 2025 to February 2027, involves fabricating, designing, assembling, and delivering various airfield matting kits to U.S. Air Force locations worldwide. KBR will manage door-to-door delivery of all components while adhering to strict data management and export compliance regulations.

Additionally, KBR provides base operations support to the U.S. Air Force across multiple countries including Spain, Türkiye, Saudi Arabia, Kuwait, UAE, and Japan, leveraging over 30 years of experience in supporting U.S. military and allied nations.

KBR (NYSE: KBR) has secured a Project Management Consultancy (PMC) contract from AMUFERT for their $2 billion fertilizer plant project in Soyo, Angola. The facility will produce 2,300 metric tons per day of ammonia and 4,000 metric tons per day of urea.

KBR's scope includes overseeing the engineering, procurement, and construction phases. This contract supplements KBR's previous involvement in the project, which included technology licensing, engineering design, equipment, and catalyst solutions.

The project aims to enhance agricultural productivity, create jobs, and establish Angola as a leading African fertilizer producer, contributing to regional food security. KBR's expertise in ammonia technology is demonstrated by their involvement in over 260 grassroot ammonia plants worldwide since 1943.

KBR reported strong Q4 and fiscal year 2024 results with significant growth. Q4 revenues reached $2.1 billion, up 23% (15% organic), with net income of $76 million and Adjusted EBITDA of $228 million, up 21%. For FY2024, revenues were $7.7 billion, up 11% (9% organic), with net income of $375 million and Adjusted EBITDA of $870 million, up 16%.

The company maintained strong bookings with $8.8 billion and a 1.1x book-to-bill ratio for the year. KBR returned $297 million to shareholders through share repurchases ($218 million) and dividends ($79 million). The Board approved a 10% dividend increase and expanded the share repurchase authorization to $750 million.

KBR announced a segment realignment effective for fiscal 2025, with Government Solutions being renamed to Mission Technology Solutions. The company's backlog stands at $21.2 billion, with over 75% of projected 2025 revenues already under contract.

KBR (NYSE: KBR) has announced the unanimous election of Lt. General Wendy M. Masiello as Lead Independent Director, effective from the company's 2025 annual meeting of stockholders in May 2025. Lt. General Masiello, who has served on KBR's Board since August 2017, currently chairs the Cybersecurity Committee and serves on the Compensation Committee and Sustainability & Corporate Responsibility Committee.

As a three-star General of the U.S. Air Force, Masiello brings extensive experience and deep understanding of KBR's strategic vision and operations. The appointment follows a thorough Board evaluation process, with KBR Chair General Lester L. Lyles highlighting Masiello's leadership capabilities, operations experience, and accomplished government career as key qualifications for the role.

The Board has also enhanced the Lead Independent Director duties, which are detailed in the Company's Corporate Governance Guidelines.

KBR (NYSE: KBR) has announced a quarterly dividend declaration of $0.165 per share on the company's common stock. The dividend will be paid on April 15, 2025, to stockholders of record as of March 14, 2025. The dividend applies to KBR's common stock with a par value of $0.001 per share.