KBR, Inc. - KBR STOCK NEWS

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.

KBR (NYSE: KBR) announced its participation in several investor events in June 2021. Key executives, including Doug Kelly, Mark Sopp, and Alison Vasquez, will attend the Cowen's Sustainability & Energy Transition Summit on June 8, and the Stifel 2021 Virtual Cross Sector Insight Conference on June 10. Additionally, Byron Bright will participate in the UBS Virtual Space Summit on June 17, followed by a panel at the KeyBanc Plastics Recycling/Sustainability Spotlight on June 21. Investors can access live webcasts through KBR's investor relations website.

KBR won a $91.8 million task order to provide engineering services for the U.S. Air Force's aircraft managed by the 448th Supply Chain Management Wing. The contract focuses on addressing challenges related to aging aircraft, such as Diminishing Manufacturing Sources and Material Shortages (DMSMS), and includes analyses of electronic warfare systems. The project spans five years across multiple states. KBR aims to enhance reliability, maintainability, and supply chain performance, reflecting its ongoing support for the Defense Department's research and development since 2005.

KBR (NYSE: KBR) announced a quarterly dividend of $0.11 per share, payable on July 15, 2021, to stockholders of record by June 15, 2021. The company emphasizes its commitment to providing science, technology, and engineering solutions globally, employing approximately 29,000 people across 80 countries. KBR's operations focus on delivering predictable results through long-term services while navigating risks related to the COVID-19 pandemic and market fluctuations, as discussed in their recent filings.

KBR, Inc. (NYSE: KBR) has secured a contract to support Nigeria's first Floating Liquefied Natural Gas (FLNG) facility, aimed at fostering the country's economic growth and energy sustainability. Awarded by UTM Offshore Limited, KBR will act as Owner's Engineers, reviewing the Pre-Front End Engineering Design by JGC. This 1.2 million tonnes per annum facility represents a critical step in Nigeria's energy transition and gas monetization. KBR's extensive LNG experience will contribute to the project, aligning with UTM Offshore's decarbonization goals.

KBR has secured a $51.2 million contract from the NOAA for the development and operation of the Space Weather Follow-On (SWFO) Antenna Network. This initiative aims to enhance space weather forecasts, crucial for protecting various global infrastructure from potential solar storms. KBR will manage telemetry and command services for the planned SWFO-L1 spacecraft, set for launch in late 2024. The contract is valued at $51.2 million if fully exercised and will be executed across multiple locations, including Maryland and Virginia.