KBR’s Mission Technology Solutions Wins New $95 Million Digital Engineering Contract Supporting US Space Force

Rhea-AI Summary

KBR (NYSE: KBR) announced that its Mission Technology Solutions business won a new $95 million cost-plus-fixed-fee Digital Engineering and Enterprise Decision Support (DEEDS) contract supporting the U.S. Space Force.

The single-award, five-year contract focuses on digital engineering, modeling and simulation at Kirtland Air Force Base to accelerate next-generation space capabilities.

Positive

• $95 million single-award DEEDS contract from U.S. Space Force
• Five-year period of performance providing multi‑year contracted work
• Supports Space Force missions at Air Force Research Laboratory’s Space Warfare Directorate
• Expands KBR’s role in digital engineering, MBSE, and advanced modeling and simulation
• Reinforces KBR’s positioning as a trusted partner on high-priority national security missions

Negative

• None.

News Market Reaction – KBR

-0.26%

-0.26% News Effect

On the day this news was published, KBR declined 0.26%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement adds a $95M cost‑plus‑fixed‑fee contract to KBR’s Mission Technology Solutions por...

Analysis

This announcement adds a $95M cost‑plus‑fixed‑fee contract to KBR’s Mission Technology Solutions portfolio, supporting U.S. Space Force digital engineering over a five‑year term. It follows other recent awards, including an $8B Antarctic support contract and PureSAF® technology licensing. Investors may track how these wins translate into backlog growth, margins and future quarterly results, particularly given earlier revenue and net income declines reported for Q1 2026.

Key Figures

Contract value: $95 million Period of performance: five-year period

2 metrics

Contract value $95 million Digital Engineering and Enterprise Decision Support (DEEDS) contract

Period of performance five-year period Duration of DEEDS contract work for U.S. Space Force

Historical Context

5 past events · Latest: Jun 03 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jun 03	Major NSF contract	Positive	+0.0%	$8B, 20-year Antarctic science and engineering support award from NSF.
May 28	Technology licensing	Positive	+4.3%	PureSAF technology selected for large Northern Europe SAF and e‑SAF plant.
May 14	Dividend declaration	Positive	+1.3%	Board declared regular quarterly cash dividend of $0.165 per share.
May 07	Defense task orders	Positive	-5.4%	Two AFCAP V task orders with >$41M ceiling for USAF operations support.
May 05	Q1 2026 results	Negative	-5.4%	Revenue and net income declined year over year despite stable adjusted EBITDA.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent large contract wins and technology announcements have usually seen aligned or mildly positive price reactions, with one notable divergence on Air Force task orders.

Recent Company History

Over the last few months, KBR has combined sizable contract wins with softer quarterly results. In May 2026, Q1 revenue and net income declined, and the stock fell about 5% on earnings. Shortly after, Mission Technology Solutions secured more than $41M in Air Force task orders, which coincided with another negative move. By contrast, the $8B Antarctic support award on Jun 3 and the PureSAF® technology licensing news in late May saw small to solid gains. The new $95M Space Force contract extends this pattern of growing defense and space-related backlog.

Key Terms

cost-plus-fixed-fee (cpff) contract, model-based systems engineering (mbse), modeling and simulation (m&s), single-award contract

4 terms

cost-plus-fixed-fee (cpff) contract financial

"The new cost-plus-fixed-fee (CPFF) contract will rapidly advance digital engineering"

A cost-plus-fixed-fee (CPFF) contract is an agreement where a buyer reimburses a seller for actual project costs and also pays a predetermined, unchanging fee on top of those costs. Investors care because the seller’s profit is protected from cost overruns but cannot increase if costs fall, making revenue and margins more predictable—like paying a contractor back for materials plus a fixed service charge rather than sharing in any cost savings or extra profits.

model-based systems engineering (mbse) technical

"using Model-Based Systems Engineering (MBSE) and advanced Modeling and Simulation"

Model-based systems engineering (MBSE) is an engineering approach that uses digital models as the central source of truth instead of scattered text documents, like using a single interactive blueprint or digital twin to design, test and track a complex product. For investors, MBSE matters because it can reduce design errors, shorten development time and make costs and risks more predictable—improving the likelihood of on-time, on-budget product launches and clearer technical progress reporting.

modeling and simulation (m&s) technical

"using Model-Based Systems Engineering (MBSE) and advanced Modeling and Simulation (M&S)"

Modeling and simulation (M&S) means building a simplified digital copy of a real system—such as a factory, drug interaction, or market process—and running experiments on that copy to see how it behaves. For investors, M&S is like a flight simulator or scale model: it lets companies test ideas, estimate costs and risks, and forecast outcomes without committing large resources, so it can shorten development time and reduce the chance of costly surprises.

single-award contract financial

"The single-award contract will support Space Force missions"

A single-award contract is a deal where a buyer, often a government or large organization, gives the entire scope of work to one supplier rather than splitting it among multiple vendors. For investors this matters because it can create a sizable, concentrated revenue stream for the winning company — like hiring one contractor to renovate an entire house — while also increasing dependency and execution risk if problems arise or the contract is later lost.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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HOUSTON, June 09, 2026 (GLOBE NEWSWIRE) -- KBR (NYSE: KBR) announced today that its Mission Technology Solutions business has been awarded the $95 million Digital Engineering and Enterprise Decision Support (DEEDS) contract. The new cost-plus-fixed-fee (CPFF) contract will rapidly advance digital engineering capabilities for the U.S. Space Force, driving the development of space systems and space warfighting technologies. KBR will enable faster, analytics-driven technology and acquisition decisions over a five-year period of performance.

The award reflects KBR’s ability to quickly understand evolving mission requirements and provide strategically aligned solutions at speed and scale. KBR will accelerate the transition of next-generation space capabilities from concept to operational deployment, strengthening mission readiness in a rapidly evolving threat environment. The single-award contract will support Space Force missions at the Air Force Research Laboratory’s Space Warfare Directorate. Work will be performed at Kirtland Air Force Base in New Mexico.

KBR supports rapid analysis, architecture development and requirements planning using Model-Based Systems Engineering (MBSE) and advanced Modeling and Simulation (M&S) to accelerate technology maturation and operational readiness. This approach delivers Speed to Mission Impact℠ by enabling actionable insight and operational relevance, empowering faster, more resilient decision-making for complex space missions and rapid deployment to the warfighter.

“This award highlights KBR’s ability to move urgently, think strategically and advance digital engineering solutions that drive mission outcomes,” said Jay Lennon, Senior Vice President of Mission Technology Solutions. “By integrating advanced software, systems engineering, modeling and simulation and operations research, we help our customers field critical space capabilities faster and with greater confidence.”

KBR has advanced digital engineering and analysis for the nation’s most critical defense and space missions for more than a decade. This award further demonstrates KBR’s differentiated technology and mission domain expertise across the highest priority government missions, reinforcing KBR’s role as a trusted partner in national security solutions.

About KBR
We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 36,000 people worldwide with customers in more than 85 countries and operations in over 28 countries. KBR is proud to work with its customers across the globe to provide technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.

Visit www.kbr.com

Forward Looking Statements
The statements in this press release that are not historical statements, including statements regarding KBR’s digital engineering capabilities, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks, uncertainties and assumptions, many of which are beyond the company’s control, that could cause actual results to differ materially from the results expressed or implied by the statements. These risks, uncertainties and assumptions include, but are not limited to, those set forth in the company’s most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks and other U.S. Securities and Exchange Commission filings, which discuss some of the important risks, uncertainties and assumptions that the company has identified that may affect its business, results of operations and financial condition. Due to such risks, uncertainties and assumptions, you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Except as required by law, the company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.

For further information, please contact:

Investors
Rachael Goldwait
Vice President, Investor Relations
713-753-5082
Investors@kbr.com

Media
Philip Ivy
Vice President, Global Communications and Marketing
713-753-3800
MediaRelations@kbr.com

FAQ

What is the value of KBR (NYSE: KBR) Digital Engineering and Enterprise Decision Support contract with the U.S. Space Force?

KBR’s DEEDS contract is valued at $95 million. According to KBR, this cost-plus-fixed-fee award supports digital engineering and enterprise decision support for U.S. Space Force missions, emphasizing analytics-driven technology and acquisition decisions over a five-year performance period.

How long will KBR’s new U.S. Space Force DEEDS contract (KBR) run and what is its structure?

KBR’s DEEDS contract runs for five years as a cost-plus-fixed-fee (CPFF) arrangement. According to KBR, the single-award structure supports sustained digital engineering, modeling and simulation, and decision support work throughout the contract period for key Space Force missions.

Which U.S. Space Force missions will KBR’s $95 million DEEDS contract (KBR) support?

The DEEDS contract will support missions at the Air Force Research Laboratory’s Space Warfare Directorate. According to KBR, work at Kirtland Air Force Base will advance space systems, space warfighting technologies, and operational readiness through digital engineering and rapid analysis.

Where will KBR perform work under the new $95 million U.S. Space Force DEEDS contract (KBR)?

Work under the DEEDS contract will be performed at Kirtland Air Force Base in New Mexico. According to KBR, this location supports the Air Force Research Laboratory’s Space Warfare Directorate and enables application of model-based systems engineering and advanced modeling and simulation.

How does KBR’s DEEDS contract (KBR) advance digital engineering for U.S. Space Force?

The DEEDS contract focuses on model-based systems engineering and advanced modeling and simulation. According to KBR, this approach accelerates technology maturation, improves analytics-driven acquisition decisions, and speeds transition of next-generation space capabilities from concept to operational deployment.

What is the strategic significance of the new U.S. Space Force DEEDS award for KBR shareholders (KBR)?

The DEEDS award adds a $95 million, five-year Space Force contract to KBR’s portfolio. According to KBR, the contract underscores its differentiated technology expertise and long-standing role supporting high-priority defense and space missions, particularly in digital engineering and mission analysis.