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 $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-SAATTM) 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.
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.
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?
