KBR, Inc. - KBR STOCK NEWS

KBR, Inc. (NYSE: KBR) will host a conference call on July 29, 2021, at 7:30 a.m. CT to discuss its Q2 2021 financial results. Prior to the call, the company will release its earnings report and presentation, available on its website. The call will be accessible live via webcast and a replay will be offered afterward. KBR employs approximately 29,000 people globally, providing technology and engineering solutions across more than 80 countries.

KBR announced the appointment of Carlos A. Sabater and Lt. General Vincent R. Stewart, USMC (Ret.), to its Board of Directors effective June 30, 2021. Sabater, former senior global partner at Deloitte, brings extensive financial expertise, while Stewart, with nearly 40 years in the U.S. Marine Corps and experience in cyber and defense intelligence, adds significant military and strategic insight. The appointments are expected to enhance KBR's strategy in providing technology-driven solutions.

NASA has awarded a $531 million contract to a joint venture between Aerodyne and KBR (NYSE: KBR) for the Mechanical Integrated Services and Technology (MIST) II program. This cost-plus-fixed-fee contract will provide engineering services for spaceflight and ground systems over a five-year base period, with a six-month option. Services include design, analysis, and verification for NASA missions, primarily at Goddard Space Flight Center. KBR's extensive experience with NASA is highlighted, alongside a statement emphasizing the importance of collaboration in space exploration.

KBR has been awarded a contract by Raízen Argentina to modernize the Fluid Catalytic Cracking (FCC) unit at its Buenos Aires Refinery. This contract involves providing a basic engineering package for the FCC New Configuration Project, utilizing KBR's advanced technologies for improved profitability and reduced carbon footprint. KBR's history in FCC technologies includes over 200 projects since 1985, underscoring its expertise in the industry. The modernization aims to enhance operational efficiency and environmental sustainability.

KBR has secured a $194.3 million contract from the U.S. Air Force Research Laboratory to enhance microelectronics systems' trustworthiness. This task order, part of the STryFER initiative, involves developing methodologies for trusted electronic systems and counterfeit detection. KBR’s multidisciplinary team will work at Wright-Patterson AFB and other sites over the next five years, continuing its collaboration with the AFRL, which has been ongoing since 2012. This contract aims to bolster national security through advanced technology.

KBR (NYSE: KBR) has secured a follow-on task order worth $58.1 million to offer sustainment engineering services for U.S. Air Force systems under the Digital Directorate's ATCALS Sustainment Branch. This task order involves research and analysis on various aspects such as reliability, obsolescence, and system sustainability to enhance critical Air Force landing and navigational systems. The contract will be executed over the next five years and continues KBR's partnership with the Air Force since 2005, focusing on boosting reliability and maintainability of warfighter systems.

KBR (NYSE: KBR) has been awarded a contract by the NATO Support and Procurement Agency (NSPA) for analytical, engineering, technical, and logistics services for the PATRIOT missile system, a key defense asset used by NATO countries. This three-year contract includes options for two additional years and will be executed primarily from Huntsville, Alabama, as well as various global locations. KBR has over 40 years of experience supporting the PATRIOT system and aims to leverage its expertise to assist NSPA in addressing modern defense challenges.

KBR has announced a joint contract with Mura Technology for their Hydro-PRT plastics recycling technology, awarded by Mitsubishi Chemical Corporation in Japan. This partnership aims to promote a circular economy by converting various plastics into reprocessable materials. The technology utilizes a patented method involving supercritical steam, enabling companies to meet their ESG goals. KBR's President expressed enthusiasm over the growing global interest in Hydro-PRT. This milestone marks KBR's commitment to sustainability as they enhance business operations in plastic recycling.

KBR has secured a three-year contract to deliver INSITE® monitoring and advisory services to Iowa Fertilizer Company's plant in Wever, Iowa. This contract aims to enhance operational efficiency by diagnosing issues and recommending corrective actions to prevent unplanned shutdowns. The INSITE® service utilizes advanced cloud-based technology to monitor equipment health and operational performance. KBR's initiative aligns with its commitment to sustainability and aims to support IFCo in achieving a zero-carbon future while ensuring safe and reliable operations.