KBR, Inc. - KBR STOCK NEWS

KBR has secured a $126.7 million contract from the U.S. Department of Transportation for Mission Information Technology Support Services. This recompete builds on KBR's extensive experience at the Volpe Center over the past 11 years. The contract, spanning four years, focuses on enhancing safety, cybersecurity, and environmental impact in transportation systems. KBR will deploy its expertise in modern technologies like artificial intelligence and big data analytics. Key projects address aviation safety, traffic management, and infrastructure improvements, underscoring KBR's commitment to advancing public transportation innovation.

KBR (NYSE: KBR) has announced a binding settlement between its joint venture, JKC Australia LNG Pty Ltd, and its client, ICHTHYS LNG PTY, resolving outstanding claims and disputes. This resolution terminates all ongoing arbitrations and court proceedings, reducing liquidity risk and commercial dispute costs. KBR expects to reflect the majority of the settlement's impact in its Q2 2021 results, with a non-material charge anticipated for final warranty items in Q3 2021. The agreement does not affect JKC's claims against its subcontractor for the combined cycle power plant.

KBR (NYSE: KBR) has secured a three-year service contract with EuroChem for its ammonia plant in Kingisepp, Russia, utilizing its KBR INSITE® cloud-based platform. This service aims to enhance plant operations through remote monitoring and advisory services, improving production, reliability, and energy efficiency. KBR's President, Jay Ibrahim, emphasized the importance of safety and sustainability in this collaboration. KBR continues to deliver advanced digital solutions globally, employing around 29,000 people across various sectors.

KBR announced a significant contract with Hanwha Corp. for a dual-pressure nitric acid technology at a new plant in Yeosu, South Korea. Under this contract, KBR will deliver licensing, basic engineering design, and technical support for a plant producing 1,200 metric tons of nitric acid per day, a key ingredient in fertilizers and plastics. This partnership showcases KBR's commitment to energy-efficient technologies, promising benefits in capital and operational expenditures. KBR has successfully licensed 76 nitric acid plants globally, maintaining its position as the leading technology provider in the U.S. market.

KBR announced its selection by ACME Group for a groundbreaking green ammonia project in Oman, utilizing its advanced ammonia technology. The project involves producing 300 metric tons of ammonia daily through an integrated facility powered by solar and wind energy. KBR will provide technology licensing, engineering, proprietary equipment, and commissioning services. This facility aims to export green ammonia to Europe and Asia. KBR holds a 50% share of licensed capacity in ammonia technology and has a proven track record with 244 constructed ammonia plants globally since 1943.

KBR will host a conference call on October 28, 2021, at 7:30 a.m. Central Time to discuss its third quarter 2021 financial results. The earnings release and presentation will be available on KBR's website prior to the call. Investors can access the call via webcast on the Investor Relations section of the website. A replay will be accessible post-call via the website or by telephone.

KBR, employing approximately 29,000 people worldwide, delivers science, technology, and engineering solutions to clients globally.

KBR has secured a three-year contract to deliver KBR INSITE® monitoring and advisory services for OCI's ammonia-methanol plant in Beaumont, Texas. This cloud-based service aims to enhance operational efficiency, reduce carbon emissions, and extend the plant's operating life. KBR's INSITE® will offer actionable insights, optimizing performance and safety. The company emphasizes its commitment to providing sustainable solutions globally.

KBR announced the successful completion of the Directed Energy Maneuver-Short Range Air Defense (DE M-SHORAD) Combat Shoot-Off, demonstrating the operational capabilities of a laser-equipped Stryker. This mobile, 50-kilowatt laser system aims to counter unmanned aircraft and artillery threats. Developed by Kord, a KBR subsidiary, the system has progressed rapidly in under two years, with the U.S. Army planning to deliver four laser-equipped Strykers by the end of fiscal year 2022. The event showcased KBR's innovative training methods, emphasizing rapid soldier proficiency in using advanced technology.

KBR has secured a feasibility study contract from PKN ORLEN to explore plastics recycling projects in Central Europe using KBR's Hydro-PRT technology. This collaboration includes a Letter of Intent for future projects, aimed at supporting PKN ORLEN's ESG and circular economy objectives. Hydro-PRT is noted for converting waste plastics into valuable petrochemical products. KBR emphasizes the significance of this contract for long-term technology potential in promoting decarbonization goals. KBR, a leader in process technology for over 50 years, continues to position itself in the evolving recycling sector.