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 (NYSE: KBR) has announced a 9% increase in its quarterly dividend, raising it to $0.12 per share, effective in 2022. This marks a 50% increase since 2019. The dividend will be paid on April 15, 2022, to stockholders recorded by March 15, 2022. The company emphasizes a balanced approach to capital allocation, focusing on sustainable growth and shareholder return. KBR attributes this dividend increase to the hard work of its employees, underscoring their role in delivering value to shareholders.
KBR has secured a $207 million task order to enhance the Phased Array Tracking Radar to Intercept on Target (PATRIOT) missile defense system. This five-year contract, awarded by the Department of Defense Information Analysis Center, entails extensive analyses and recommendations aimed at improving system performance. KBR's long-standing relationship with the PATRIOT system showcases its commitment to U.S. defense capabilities.
Work will primarily occur at Redstone Arsenal and KBR offices in Huntsville, Alabama.
KBR, Inc. (NYSE: KBR) will host a conference call on February 22, 2022, at 7:30 a.m. CET to discuss its fourth quarter and fiscal 2021 financial results. The earnings release and presentation will be available prior to the call on KBR's website. A live webcast will also be accessible through the Investor Relations section, with a replay available post-call. KBR, employing approximately 29,000 people across 40 countries, provides innovative technology and engineering solutions globally.
KBR (NYSE: KBR) has been awarded a contract to provide high-end astronaut medical support services for the European Space Agency (ESA) at its European Astronaut Centre in Cologne, Germany. This recompete contract marks over 20 years of collaboration between KBR and ESA, with services to be rendered over 3.5 years. Major efforts will include astronaut medical care, healthcare administration, and operational research. KBR has facilitated numerous missions and influenced significant research funding in space medicine.
KBR, Inc. (NYSE: KBR) will host a conference call on February 23, 2022, at 7:30 a.m. CT to discuss its fourth quarter and fiscal 2021 financial results. An earnings release and presentation will precede the call, accessible on KBR's website. The call will also be webcast live through the Investor Relations section of the website, with a replay available afterward. KBR provides science, technology, and engineering solutions globally, employing around 29,000 people.
KBR has secured a contract with LG Chem to implement its innovative Hydro-PRTSM plastics recycling technology at LG Chem's Dangjin plant. This collaboration emphasizes KBR's commitment to sustainability and ESG objectives. Hydro-PRTSM, developed by Mura and licensed exclusively to KBR, converts various plastics into commercial raw materials, promoting a circular economy. KBR's expertise spans over 50 years in process technology and plant design, enhancing its position in the sustainability sector.
KBR has secured an engineering services contract from Woodside Energy for its H2OK liquid hydrogen production facility in Ardmore, Oklahoma. This project aims to advance zero-emission transportation using cryogenic liquid hydrogen as a fuel. KBR will provide front-end engineering design, leveraging nearly 50 years of experience in cryogenic and hydrogen facilities. The initiative aligns with KBR's commitment to sustainability and energy transition, helping clients reduce their carbon footprint globally.
KBR has been awarded a study to support the establishment of a green hydrogen market in Trinidad and Tobago, financed by the Inter-American Development Bank. This initiative aims to analyze opportunities for a low carbon economy and develop strategies for green hydrogen generation, transportation, and usage.
The project will focus on repurposing existing facilities and creating a roadmap to net zero through technological innovation. KBR will collaborate with local stakeholders to enhance infrastructure and policy, promoting sustainable growth in the energy sector.
KBR (NYSE: KBR) has been awarded eight prime contracts under the GSA ASTRO multiple award IDIQ contract, aimed at enhancing services for manned, unmanned, and optionally manned systems, robotics, and platforms. This contract, covering various pools including data operations and systems integration, has a five-year base term with a potential five-year extension, with no maximum dollar ceiling. The contract is expected to be in the multi-billion-dollar range, reinforcing KBR's commitment to supporting the Department of Defense in tackling emerging threats through innovative solutions.
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