Welcome to our dedicated page for KBR news (Ticker: KBR), a resource for investors and traders seeking the latest updates and insights on KBR stock.
KBR, Inc. (NYSE: KBR), headquartered in Houston, Texas, is a global leader in providing technology-driven engineering, procurement, and construction (EPC) solutions. With a workforce exceeding 34,000 employees across over 30 countries, KBR serves a diverse range of industries including downstream, gas monetization, infrastructure, minerals, government services, and more.
Organized into two main segments—Government Solutions and Sustainable Technology Solutions—KBR offers a comprehensive suite of services that ensure efficient project execution and high-quality results. The Government Solutions segment focuses on providing mission-critical support, logistics, and infrastructure services to U.S. defense and federal agencies, while the Sustainable Technology Solutions segment specializes in delivering environmentally responsible technologies and services.
Recent notable achievements include:
- April 2024: Signing an alliance with GeoLith SAS to offer advanced Direct Lithium Extraction (DLE) technology, Li-Capt®.
- April 29, 2024: Awarded a $771 million contract by the U.S. Army for mission-critical support under the LOGCAP V contract.
- April 30, 2024: Reported strong Q1 financial results for 2024, with revenues up by 7% and a significant increase in operating cash flow.
- May 2, 2024: Secured a $34 million contract with the U.S. Naval Research Laboratory for facility operations, maintenance, and cybersecurity.
- May 6, 2024: Awarded a multiple-award IDIQ contract by the U.S. Navy for global contingency services with a ceiling value of $2 billion.
- May 13, 2024: Partnered with OCI Global to deploy a proprietary operator training simulator for a clean ammonia facility in Texas.
- May 22, 2024: Signed an alliance with Sumitomo Chemical for exclusive licensing of propylene oxide by cumene technology.
- May 23, 2024: Selected as one of the awardees for a $43 billion multiple-award contract by the Defense Health Agency for health and wellness support for military personnel and their families.
Financially, KBR is robust, generating $7 billion in revenue in 2023, and achieving a net income of $93 million in Q1 2024. The firm's diversified portfolio and strategic partnerships position it strongly for future growth in the rapidly evolving sectors of technology, defense, and sustainable energy solutions.
KBR has secured a contract with SK E&S to provide technical advisory solutions for its hydrogen development business in South Korea. The project involves building a 30,000 metric-ton-per-annum liquefied hydrogen facility, with KBR reviewing key licensor technologies in the initial phase. This contract aligns with KBR's commitment to sustainable energy solutions and reflects its expertise in the hydrogen sector. KBR's involvement supports SK's vision of expanding its hydrogen ecosystem, positioning both companies at the forefront of the emerging eco-friendly energy market.
KBR has secured a $49 million contract to enhance the CH-47 Chinook Helicopter's reliability for the U.S. Army's Cargo Helicopter Project Management Office. This cost-plus-fixed-fee task order was awarded through the DoD Information Analysis Center's multiple-award contract. The company aims to improve aircraft availability and reduce life cycle support costs over the next five years, primarily in Huntsville, Alabama. Earlier in 2020, KBR also won a $41 million award to provide technical services to PEO Aviation.
KBR has secured a contract from Monolith Materials for an ammonia synthesis loop project in Hallam, Nebraska. The contract includes a technology license, basic engineering design, proprietary equipment, and catalyst for a 930 metric ton per day ammonia facility, powered by hydrogen derived from a zero-emission process using natural gas and renewable energy. KBR's ammonia technology is recognized for its energy efficiency and reliability, positioning the company as a leader in ammonia production with over 244 plants globally. This collaboration emphasizes KBR's commitment to sustainable practices in the energy sector.
KBR has successfully launched Sinochem Quanzhou's 1,000 KTA ethylene plant in Fujian, China, marking a significant milestone despite challenges posed by the COVID-19 pandemic. The startup was achieved within 24 hours of feedstock introduction.
KBR utilized its Selective Cracking Optimum Recovery (SCORE™) technology and provided critical components for the plant, which is part of an integrated refining and petrochemical complex. KBR's extensive experience in olefin plant design supports its reputation in the industry.
KBR, a global provider of professional services, announced that Byron Bright and Alison Vasquez will present at Credit Suisse's 8th Annual Virtual Industrials Conference on December 2, 2020, at 8:50 am EST. Investors can listen to the live webcast at investors.kbr.com. KBR employs approximately 28,000 people and operates in over 40 countries, focusing on delivering technology and maintenance services across various sectors.
KBR has secured a $300 million recompete contract to deliver scientific, engineering, and technical services for the U.S. Geological Survey's EROS Center. The project, set for five years primarily in Sioux Falls, South Dakota, aims to analyze changes in the Earth’s landscape using satellite systems engineering, software development, and data acquisition. KBR has supported EROS since 2008 and will contribute to critical programs like Landsat Next. This partnership emphasizes KBR's commitment to sustainable practices and effective resource management.
FAQ
What is the current stock price of KBR (KBR)?
What is the market cap of KBR (KBR)?
What does KBR, Inc. do?
Where is KBR headquartered?
How many people does KBR employ?
What are the main business segments of KBR?
What recent contracts has KBR secured?
What are KBR's recent achievements?
Who are KBR's key partners?
What are KBR's revenue and financial highlights for 2023 and Q1 2024?
What technologies does KBR offer?
What is KBR's role in global contingency services?
