KBR Stock Price, News & Analysis

KBR (NYSE: KBR) announced that its joint venture Brown & Root Industrial Services signed a definitive agreement on November 3, 2025 to acquire Specialty Welding and Turnarounds (SWAT).

The acquisition combines Brown & Root Industrial Services with SWAT, which was founded in 2014, operates in 22 states, and has a network of 32,000 skilled professionals. The deal is described as creating one of the largest specialty welding and turnaround service providers in North America, expanding customer and end‑market exposure in refinery, petrochemical, and renewables sectors, unlocking cross‑selling opportunities, and expected to generate operational efficiencies.

KBR (NYSE: KBR) opened a new office in Rosslyn, Virginia, at 1100 Wilson Boulevard on Oct. 30, 2025, positioning leadership five minutes from the Pentagon, 10 minutes from the White House and 15 minutes from the U.S. Capitol.

The office expands KBR's D.C.-area footprint where it already has ~900 employees across four locations and a 37,000-employee global workforce. KBR said the site will support government customers, recruitment of new hires, and roles to support national-security programs including the Golden Dome missile defense effort. KBR also announced a planned September 2025 spin-off of its Mission Technology Solutions business into a separate public company.

KBR (NYSE: KBR) reported third quarter fiscal 2025 results on November 8, 2025: Q3 revenues $1.93B, net income attributable $115M, and Adjusted EBITDA $240M (12.4% margin, +10% YoY). Adjusted EPS $1.02 (+21% YoY); diluted EPS $0.90. Third-quarter YTD revenues were $5.9B and Adjusted EBITDA $730M (+14% YoY). Backlog and options reached $23.4B with Q3 book-to-bill 1.4x. Liquidity ~$1.1B; net leverage 2.2x. Guidance narrowed to $7.75B–$7.85B revenue and unchanged Adjusted EBITDA $960M–$980M. Company targets a mid–late 2026 spin-off of Mission Technology Solutions.

KBR (NYSE: KBR) announced a regular quarterly dividend of $0.165 per share on its common stock. The dividend was declared by the Board of Directors on October 16, 2025, with a record date of December 15, 2025 and a payment date of January 15, 2026.

The dividend applies to common stock, par value $0.001 per share, and will be paid to stockholders of record on the stated record date.

KBR (NYSE: KBR) was awarded a cost-plus-incentive-fee task order by the United States Space Force on Oct. 16, 2025. The DICE task order builds on the ASCEND2 contract and has a ceiling value of $98.7 million over a three-year period of performance to establish a testing and training environment in Colorado Springs, Colorado.

KBR is authorized to deploy its Integration Accelerator, a collaborative digital engineering ecosystem, and will use the ASCEND2 IDIQ vehicle to provide analytical and technical decision support aimed at advancing Space Force integrated testing and training initiatives.

BCP announced on October 6, 2025 that it has completed the sale of its stake in Brown & Root Industrial Services. Financial terms of the transaction were not disclosed.

BCP partnered with KBR (NYSE: KBR) in 2015 to establish Brown & Root Industrial Services. Under that partnership the business expanded to more than 22 locations across the U.S., Mexico, and Canada and grew to employ more than 10,000 people, serving chemical, energy, manufacturing, and government clients. Houlihan Lokey served as financial advisor and Kirkland & Ellis LLP as legal advisor to BCP.

KBR (NYSE: KBR) announced a third quarter 2025 earnings conference call on Thursday, October 30, 2025 at 7:00 a.m. Central Time (8:00 a.m. ET), according to the press release.

The company stated it will issue its Q3 2025 earnings release and earnings presentation in advance; both documents and a simultaneous webcast will be available on KBR's Investor Relations website at investors.kbr.com. A replay will be available on the website or by telephone at +1.866.813.9403 (passcode: 981242).

KBR (NYSE: KBR) has announced plans for a tax-free spin-off of its Mission Technology Solutions (MTS) segment, creating two independent public companies by mid-to-late 2026. The strategic separation will result in two entities: New KBR, focusing on Sustainable Technology Solutions (STS) with over 85 process technologies, and SpinCo, specializing in government services for national security and space.

Following the spin-off, current CEO Stuart Bradie will lead New KBR as Chair, President, and CEO. Mark Sopp will oversee the spin-off process, while Shad Evans has been appointed as the new CFO effective January 5, 2026. The company is currently searching for SpinCo's executive leadership team.

The separation aims to enhance strategic focus, operational independence, and financial flexibility for both entities. The transaction, expected to be tax-free to shareholders, is subject to final Board approval, IRS ruling, SEC Form 10 registration, and regulatory approvals.

KBR (NYSE: KBR) has secured three strategic cost-plus-fixed-fee task order contracts from the Air Force Research Laboratory (AFRL), collectively valued at $175 million with a five-year performance period. The contracts were awarded under the INCITE COPERS program and include: Multi-Domain Situational Awareness, Trusted Microelectronics, and Space Situational Awareness task orders.

The contracts focus on developing advanced situational awareness technologies, enhancing mission assurance, and improving C4ISR capabilities. KBR will provide solutions in cybersecurity, artificial intelligence, cloud architecture, electronic warfare, and space operations support.