KBR, Inc. - KBR STOCK NEWS

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.

KBR has entered an alliance with Johnson Matthey to license the FORMOX™ Integrated UFC Technology, enhancing the production of Urea Formaldehyde Concentrate (UFC). This innovative technology integrates JM's methanol and UFC production processes with KBR's ammonia process, aimed at improving urea quality for fertilizer complexes. KBR's President, Doug Kelly, emphasized the potential for increased crop yields and reduced carbon footprint. The partnership builds on previous successful collaborations and showcases KBR's extensive experience with ammonia production, having constructed over 244 ammonia plants globally.

KBR has announced a quarterly dividend of $0.11 per share on its common stock. The dividend will be paid on October 15, 2021, to shareholders on record as of September 15, 2021. This announcement highlights KBR's commitment to returning value to its shareholders amidst ongoing economic challenges. The company continues to provide solutions across various sectors, with a workforce of approximately 29,000 employees operating in over 40 countries.

KBR announced an agreement to acquire Frazer-Nash Consultancy Limited for approximately $400 million in cash. This acquisition aims to enhance KBR's advisory and consulting platform, targeting sectors such as defense and critical infrastructure. Frazer-Nash is projected to generate $150 million to $170 million in revenue in FY 2022, with an expected adjusted EBITDA margin in the upper teens. The acquisition is forecasted to be $0.10 accretive to adjusted EPS in FY 2022, enhancing KBR's market position.

KBR (NYSE: KBR) has secured a technology licensing contract for PKN ORLEN's Petrochemical Development Program in Poland. This project marks Europe’s largest petrochemical initiative in two decades. KBR will provide its Selective Cracking Optimum Recovery (SCORE™) technology, along with basic engineering design and proprietary equipment. Doug Kelly, KBR President, emphasized the project’s significance for sustainability and operational efficiency. KBR has over 50 years of experience in olefins technology, having licensed more than 100 ethylene plants globally.

KBR has announced a technology contract with TreeToTextile AB to build a sustainable textile fibers demonstration plant in Nymölla, Sweden. The agreement involves KBR providing technology licensing, engineering, and proprietary equipment for a chemicals recovery unit. This unit will enable the sustainable reuse of valuable chemicals through KBR's innovative Ecoplanning solutions. KBR's President, Doug Kelly, emphasized the company's commitment to expanding its sustainable technology portfolio.