KBR, Inc. - KBR STOCK NEWS

KBR has secured two contracts exceeding $100 million to provide essential base operations services at U.S. military installations in the Middle East. The contracts include a $67.4 million agreement with Naval Facilities Engineering Systems Command for services at four Navy facilities in the United Arab Emirates and a $35 million task order from the U.S. Air Force for power production at Prince Sultan Air Base in Saudi Arabia. KBR aims to enhance operations using advanced technology and analytics while continuing to support military readiness.

KBR has secured a $25 million contract with the Australian Defence Force (ADF) for sustainment services on Secure Deployed Networks, covering both naval and land operations. The contract spans three years, with KBR providing ICT, engineering, and logistics support across major Australian cities. This initiative represents a significant expansion into a new business line for KBR, enhancing their capabilities in the Australian market through collaboration with local partner oobe. The contract aligns with KBR's strategic goals in delivering advanced government services.

KBR has secured a significant contract with the UK Ministry of Defence (MOD) to deliver advanced Nano Unmanned Air Systems (UAS) for military applications. This collaboration, involving UK-based Evolve Dynamics, aims to enhance technological capabilities for the British Army and Future Capability Group.

The initiative highlights KBR's expertise in integrating cutting-edge technologies, including training and logistics support, to meet the evolving demands of defence operations. KBR's global experience in unmanned systems will facilitate timely and efficient delivery of these solutions.

KBR, Inc. reported its fourth quarter and fiscal 2020 results, with revenues of $5.8 billion, a year-over-year increase of $128 million. The operating income was $57 million, down from $362 million in 2019, while adjusted EBITDA rose to $478 million. The company announced 2021 guidance forecasting revenue between $5.8 billion and $6.2 billion, with EPS expected between $1.39 and $1.59. KBR emphasized achievements in sustainable solutions, including a commitment to net-zero carbon emissions by 2030.

KBR has secured a $539 million engineering task order to support the U.S. Air Force's Tactical Exploitation of National Capabilities (TENCAP) program. This work includes engineering services in areas such as geolocation tracking and cyber operations over five years. The task order was awarded through the General Services Administration’s FEDSIM Center. KBR aims to expand its military portfolio following its recent acquisition of Centauri, enhancing its capabilities in space and advanced technology solutions.

KBR (NYSE: KBR) has secured a $92.6 million contract to provide engineering and support services for counter unmanned air systems (C-UAS) at the U.S. Naval Air Warfare Center. This cost-plus-fixed-fee, indefinite-delivery contract enhances KBR's role in military ground-based air defense. The five-year project involves integrating various Navy identification systems and ensuring system maintenance and training. The work will be conducted mainly at Webster Outlying Field in Maryland, supporting broader DoD initiatives to strengthen national security.

KBR, Inc. (NYSE: KBR) announced that a subsidiary of CVR Energy, Inc. is advancing to the next phase of the KBR Solid Acid Alkylation Technology (K-SAAT^TM) project for its Wynnewood, Oklahoma refinery. This phase will involve KBR providing detailed engineering and equipment supply, with mechanical completion expected by late 2024. K-SAAT technology offers enhanced alkylate yield and quality compared to traditional methods. This project marks the first U.S. adoption of K-SAAT technology, which has generated significant interest globally since its initial deployment in China.

KBR, Inc. (NYSE: KBR) will host a conference call on February 22, 2021, at 7:30 a.m. CT to discuss its fourth quarter and fiscal 2020 financial results. The earnings release and presentation will be available on KBR's website prior to the call. Investors can access the call via a simultaneous webcast on KBR’s Investor Relations page, with a replay available later. KBR employs around 29,000 people globally, providing technology and engineering solutions to customers in over 80 countries.

KBR has been awarded a study by Keppel Data Centres to explore alternative hydrogen-based energy sources for data centers in Singapore. The initiative aims to support sustainable technology solutions for low to nil carbon hydrogen production. KBR collaborates with Keppel and Royal Vopak to address the growing demand for centralized data services while reducing carbon footprints. KBR's previous advisory work with Singapore's government underscores its commitment to achieving net zero carbon emissions by 2050.