KBR, Inc. - KBR STOCK NEWS

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%.

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.