KBR, Inc. - KBR STOCK NEWS

KBR and ExxonMobil have announced a collaboration to enhance propane dehydrogenation (PDH) technology. The partnership will integrate ExxonMobil's new proprietary catalyst with KBR's K-PRO℠ PDH technology, enabling the conversion of propane to propylene. This collaboration aims to reduce energy consumption and operating costs for existing and future K-PRO licensees. The combined expertise of both companies, with over 50 years in catalyst and technology development, is expected to accelerate commercialization and improve financial outcomes for customers.

KBR has secured a contract from a leading midstream company for a world-scale olefins production facility on the U.S. Gulf Coast. The project will utilize KBR's K-COT^TM catalytic olefins technology, enabling the production of 2.4 million metric tons annually. The technology supports energy transition, enhances carbon efficiency, and incorporates plastics circularity. This initiative aims to address the growing demand for light olefins while leveraging existing infrastructure and logistics.

KBR has secured a new $640 million contract for Ground Systems and Mission Operations-3 (GSMO-3) to support over 10 NASA exploration missions, including the James Webb Space Telescope. KBR will provide various engineering and operational support services from NASA's Goddard Space Flight Center for a five-year term. This follows the prior GSMO-2 contract, enhancing KBR's longstanding partnership with NASA.

KBR has secured a $70 million contract to provide comprehensive technical analysis for the U.S. Army's sensor development under the STARE Project Office. This four-year contract focuses on verifying and validating sensor performance within the Integrated Air and Missile Defense Battle Command System. KBR aims to enhance sensor readiness and support future Army operations while addressing emerging threats. The contract was awarded under the DoD Information Analysis Center's multiple-award contract vehicle, signifying KBR's ongoing commitment to advancing U.S. military capabilities.

KBR, Inc. (NYSE: KBR) has updated its 2025 long-term financial targets, driven by its joint venture, HomeSafe Alliance, which holds a 72% ownership stake. HomeSafe was awarded a contract valued at $20 billion to manage global household moves for U.S. military personnel and their families. This contract covers approximately 325,000 moves annually for up to 9.5 years. The venture aims to modernize relocation processes through digital technology, resulting in significant expected financial benefits for KBR.

KBR announced a conference call scheduled for March 14, 2022, at 7:30 a.m. CT to discuss updates to its 2025 long-term targets. This announcement follows the award of the US Transportation Command's Global Household Goods Contract to a KBR-led joint venture. A presentation will be available on KBR's website prior to the call, which will also be webcast live. A replay will be accessible afterward both online and via telephone.

KBR (NYSE: KBR) announced the GAO's decision to uphold the award of the US Transportation Command's Global Household Goods Contract valued at approximately $20B for a potential 9-year term. HomeSafe Alliance will manage household goods moves for U.S. Armed Forces and their families. KBR plans to enhance relocation services through modern technology. Start-up activities will commence in mid-2022, with full performance expected in 2023. KBR anticipates this contract as a significant factor in modernizing military household goods logistics.

KBR has secured a significant contract with Shell Global Solutions International for the development of hydrogen liquefaction technology. This partnership aims to enhance large-scale hydrogen transport, aligning with Shell's net-zero emissions goal. KBR's extensive experience in hydrogen production and sustainable technologies positions it as a key player in this project. The company has previously licensed over 260 syngas projects and is committed to supporting the energy transition through innovative solutions.

KBR, Inc. reported strong fourth quarter and FY 2021 results, with revenues reaching $7.3 billion, a 27% increase year-over-year, driven by a 52% rise in Government Solutions revenue. The company achieved carbon neutrality for the second consecutive year and continues to pursue growth in defense and renewable energy markets. FY 2022 guidance estimates revenue between $6.3 billion and $6.8 billion, with an adjusted EPS forecast of $2.45 to $2.60. KBR also increased its dividend by 9%.