Welcome to our dedicated page for KBR news (Ticker: KBR), a resource for investors and traders seeking the latest updates and insights on KBR stock.
KBR, Inc. (NYSE: KBR), headquartered in Houston, Texas, is a global leader in providing technology-driven engineering, procurement, and construction (EPC) solutions. With a workforce exceeding 34,000 employees across over 30 countries, KBR serves a diverse range of industries including downstream, gas monetization, infrastructure, minerals, government services, and more.
Organized into two main segments—Government Solutions and Sustainable Technology Solutions—KBR offers a comprehensive suite of services that ensure efficient project execution and high-quality results. The Government Solutions segment focuses on providing mission-critical support, logistics, and infrastructure services to U.S. defense and federal agencies, while the Sustainable Technology Solutions segment specializes in delivering environmentally responsible technologies and services.
Recent notable achievements include:
- April 2024: Signing an alliance with GeoLith SAS to offer advanced Direct Lithium Extraction (DLE) technology, Li-Capt®.
- April 29, 2024: Awarded a $771 million contract by the U.S. Army for mission-critical support under the LOGCAP V contract.
- April 30, 2024: Reported strong Q1 financial results for 2024, with revenues up by 7% and a significant increase in operating cash flow.
- May 2, 2024: Secured a $34 million contract with the U.S. Naval Research Laboratory for facility operations, maintenance, and cybersecurity.
- May 6, 2024: Awarded a multiple-award IDIQ contract by the U.S. Navy for global contingency services with a ceiling value of $2 billion.
- May 13, 2024: Partnered with OCI Global to deploy a proprietary operator training simulator for a clean ammonia facility in Texas.
- May 22, 2024: Signed an alliance with Sumitomo Chemical for exclusive licensing of propylene oxide by cumene technology.
- May 23, 2024: Selected as one of the awardees for a $43 billion multiple-award contract by the Defense Health Agency for health and wellness support for military personnel and their families.
Financially, KBR is robust, generating $7 billion in revenue in 2023, and achieving a net income of $93 million in Q1 2024. The firm's diversified portfolio and strategic partnerships position it strongly for future growth in the rapidly evolving sectors of technology, defense, and sustainable energy solutions.
KBR, a global provider of science and engineering solutions, is set to host a conference call to discuss its fourth quarter and fiscal year 2022 financial results on February 16, 2023, at 7:30 a.m. CT. The earnings release and presentation will be available on KBR's website prior to the call. This will be an opportunity for investors to gain insights into the company's financial performance and future outlook. A replay of the call will also be accessible post-event.
KBR (NYSE: KBR) has launched Asset Ikigai, an ISO 55001-certified asset management framework designed to optimize the value of physical asset portfolios for government and commercial clients. This next-generation framework integrates data, analytics, and management strategies, enhancing asset lifecycle processes from maintenance and reliability to sustainability. KBR's president, Byron Bright, emphasized the framework's ability to improve mission readiness and balance cost and risk. Initial implementations are underway in Europe, Africa, and the Middle East, with global availability now confirmed.
KBR (NYSE: KBR) has announced its Vinyl Acetate Monomer (VAM) technology will be used by Asian Paints Limited for a new production facility in India. KBR will provide technology licensing, engineering, equipment, and catalyst for the 100,000 tons per annum facility. This collaboration aims to enhance production efficiency and reduce raw material imports, supporting Asian Paints' commitment to eco-friendly paints. KBR, with over 50 years of experience, continues to provide innovative solutions in the petrochemical sector.
KBR has secured a contract to provide engineering services for an offshore energy storage project for CrossWind, a Shell and Eneco joint venture. The project involves front-end engineering design for a baseload power hub associated with the Hollandse Kust (north) wind farm in the Netherlands. KBR will integrate lithium-ion battery storage and green hydrogen production to enhance energy security. This initiative is part of KBR's commitment to sustainable energy solutions as the company seeks to address global energy challenges.
KBR has secured a $69.2 million contract to enhance airborne reconnaissance aircraft systems for the Naval Surface Warfare Center Crane and NAVAIR. The project focuses on upgrading both legacy and new technology for intelligence, surveillance, reconnaissance, and targeting systems, particularly the E-2D Advanced Hawkeye. This contract, awarded under the DoD Information Analysis Center's multiple-award contract vehicle, supports the development of advanced ISR&T systems while maintaining existing systems. KBR aims to leverage over 30 years of experience with the E-2 program for this initiative.
KBR has been awarded an engineering services contract from BP Exploration for the Shah Deniz compression project in Azerbaijan's Caspian Sea, marking a significant step in the project's early pre-FID stage. The joint venture SOCAR-KBR will provide optimization and class-3 engineering services, including integrating the platform with existing systems and supporting BP's carbon reduction goals. This project will pioneer crewless operations in the region, utilizing advanced technology to enhance efficiency. KBR's expertise in energy transition highlights its commitment to sustainable solutions.
KBR, Inc. (NYSE: KBR) announced its participation in several upcoming investor conferences. Key participants include Byron Bright, Mark Sopp, and Jamie DuBray. The events are as follows:
- Baird's 2022 Government & Defense Conference: November 17, 2022, at 12:45 p.m. ET.
- Credit Suisse 10th Annual Global Industrials Conference: November 30, 2022, at 10:15 a.m. ET.
- Truist Securities Industrials and Services 4th Annual Summit: December 6, 2022.
Investors can access live webcasts on KBR's investor relations website.
KBR (NYSE: KBR) has secured a contract from Deepak Fertilizers and Petrochemicals Corporation Ltd. (DFPCL) to enhance production capacity and reduce emissions at three of its plants. This partnership aims to modernize existing assets while supporting DFPCL’s sustainability goals. KBR has a longstanding relationship with DFPCL, having licensed 76 nitric acid plants globally. The firm is notable for its leading technology in the U.S. market and employs around 28,000 people across 34 countries, focusing on innovative engineering solutions.
KBR has secured two contracts exceeding $120 million to provide advanced analytics, modeling, and data management services for the U.S. government's evaluation of strategic space system acquisitions. The contracts, focusing on spacecraft systems and IT, will run through 2027. KBR's Government Solutions U.S. President, Byron Bright, emphasized the company’s commitment to being a trusted advisor in space system acquisition. KBR continues to expand its role in government contracts, reflecting a strategic focus on the growing space sector.
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