KBR, Inc. - KBR STOCK NEWS

KBR has secured a contract with LG Chem to implement its innovative Hydro-PRT^SM plastics recycling technology at LG Chem's Dangjin plant. This collaboration emphasizes KBR's commitment to sustainability and ESG objectives. Hydro-PRT^SM, 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.

KBR announced its participation in key investor events in December 2021. The company will be involved in the Credit Suisse 9th Annual Industrials Conference on December 3, 2021, featuring executives like Jay Ibrahim and Mark Sopp. A live webcast will be available for interested investors. Additionally, KBR will take part in the 2021 Truist Securities Industrials & Services Summit on December 7, 2021, led by CEO Stuart Bradie. KBR provides advanced technology and engineering solutions globally, employing around 29,000 people across 80 countries.

KBR announced the successful closure of the fifth amendment to its credit agreement on November 18, 2021. This amendment improves the company's financial flexibility and reduces debt service costs due to a strategic shift in its business focus. Key changes include increased capacity and flexibility in financial covenants, netting of unrestricted cash for leverage ratio calculations, reduced interest rates, and an extension of loan maturities from February 2025 to November 2026. This move aligns with KBR's goals for capital deployment through 2025 and beyond.

KBR has secured a three-year contract with Dyno Nobel to provide digital plant performance monitoring services for its ammonia plant in Waggaman, Louisiana. Utilizing the KBR INSITE® platform, KBR aims to enhance production, energy efficiency, and plant reliability while maintaining environmental performance. This contract reflects KBR's commitment to sustainable operations, leveraging its industry expertise to support clients’ productivity goals. With a global workforce of around 29,000, KBR is positioned to deliver advanced technology and engineering solutions to clients worldwide.

KBR has secured a contract with Hanwha Solutions for its PLINKE^SM nitric acid concentration and spent acid recycling technologies at a new facility in Yeosu, South Korea. The project includes licensing, engineering design, technical services, and equipment for producing 160,000 metric tons of concentrated nitric acid and recycling 240,000 metric tons of spent sulfuric acid annually. This contract marks the fourth collaboration between KBR and Hanwha, highlighting KBR's technological expertise and commitment to sustainability.

KBR has received a letter of award from Northern Petrochemical Corporation to provide licensing and engineering services for its innovative ammonia-methanol co-production technology. This technology, developed jointly with Johnson Matthey, aims to produce blue ammonia and methanol sustainably in Alberta, Canada, while utilizing carbon capture methods for a carbon-neutral process. KBR boasts a robust track record, having licensed over 245 ammonia plants since the 1940s, highlighting its leadership in the ammonia sector.