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) generates a steady flow of news through contract awards, technology deployments and program milestones across energy, defense and space. The company’s releases highlight its role in delivering science, technology and engineering solutions to governments and companies worldwide, with a workforce of about 37,000 people serving customers in more than 80 countries and operations in over 29 countries.
On this page, readers can follow KBR news related to LNG and energy transition projects, such as front-end engineering design for the Coastal Bend LNG facility on the Texas Gulf Coast, green ammonia developments in Spain and biomethanol projects in Saudi Arabia using KBR’s PureMSM green methanol technology. Updates often describe how KBR’s engineering and technology support lower carbon intensity, improved energy efficiency and national energy transition goals.
KBR news also covers major government and defense contracts, including its seat on the Missile Defense Agency’s SHIELD multiple-award contract, readiness and sustainment work for the U.S. Naval Supply Systems Command and Foreign Military Sales support for F/A-18 and EA-18G aircraft. In space, announcements detail testing of next-generation spacesuits with Axiom Space under NASA’s Exploration Extravehicular Activity Services contract.
Investors and industry observers can use this news feed to track KBR’s contract pipeline, geographic reach and areas of technical focus. Regular updates provide context on how the company’s mission technology solutions and sustainable technology solutions segments participate in large-scale infrastructure, defense and space programs around the world.
KBR has announced a quarterly dividend of $0.11 per share on its common stock. The dividend will be paid on October 15, 2021, to shareholders on record as of September 15, 2021. This announcement highlights KBR's commitment to returning value to its shareholders amidst ongoing economic challenges. The company continues to provide solutions across various sectors, with a workforce of approximately 29,000 employees operating in over 40 countries.
KBR announced an agreement to acquire Frazer-Nash Consultancy Limited for approximately $400 million in cash. This acquisition aims to enhance KBR's advisory and consulting platform, targeting sectors such as defense and critical infrastructure. Frazer-Nash is projected to generate $150 million to $170 million in revenue in FY 2022, with an expected adjusted EBITDA margin in the upper teens. The acquisition is forecasted to be $0.10 accretive to adjusted EPS in FY 2022, enhancing KBR's market position.
KBR (NYSE: KBR) has secured a technology licensing contract for PKN ORLEN's Petrochemical Development Program in Poland. This project marks Europe’s largest petrochemical initiative in two decades. KBR will provide its Selective Cracking Optimum Recovery (SCORE™) technology, along with basic engineering design and proprietary equipment. Doug Kelly, KBR President, emphasized the project’s significance for sustainability and operational efficiency. KBR has over 50 years of experience in olefins technology, having licensed more than 100 ethylene plants globally.
KBR has announced a technology contract with TreeToTextile AB to build a sustainable textile fibers demonstration plant in Nymölla, Sweden. The agreement involves KBR providing technology licensing, engineering, and proprietary equipment for a chemicals recovery unit. This unit will enable the sustainable reuse of valuable chemicals through KBR's innovative Ecoplanning solutions. KBR's President, Doug Kelly, emphasized the company's commitment to expanding its sustainable technology portfolio.
KBR and Petron Scientech Inc. have forged an alliance to license advanced, sustainable technologies for renewable chemicals production. This agreement designates KBR as the exclusive licensor of PSI's K-MEG℠, K-SEET℠, and Max-Leic℠ technologies aimed at transforming ethanol into key chemical derivatives. With over 30 years of expertise, PSI excels in renewable ethanol and bioprocessing. KBR's role includes offering engineering services for new and existing biorefineries, enhancing ESG compliance globally.
KBR, Inc. reported strong second quarter 2021 results with revenues of $1.5 billion, an 11% increase year-over-year, and government solutions revenue rising 29% to $1.2 billion. Adjusted EBITDA grew almost 50% to $156 million. Despite a non-cash operating loss of $88 million due to settlement discussions with the Ichthys LNG client, KBR reaffirmed its revenue guidance of $5.8 billion to $6.2 billion for FY 2021. The company also updated adjusted EPS guidance to $2.00-$2.20 and increased its quarterly dividend by 10%. KBR reported a healthy book-to-bill ratio of 1.1x.
KBR has secured technology licensing contracts with PKN ORLEN for its Solvent Deasphalting (SDA) and Residue Fluid Catalytic Cracking (RFCC) technologies, aimed at refining operations at PKN's Plock Refinery in Poland. The ROSE® technology will enhance feedstock quality, while the MAXOFIN℠ technology seeks to boost propylene production. These contracts demonstrate KBR's commitment to sustainable and energy-efficient refining solutions, marking a significant milestone in KBR's strategic partnerships within the industry.
KBR has been awarded a contract by Neo Lithium Corp. for its Tres Quebradas Lithium Project in Argentina. The contract involves implementing KBR's evaporation and crystallization technology to optimize lithium yields for battery-grade lithium carbonate production. KBR's President, Doug Kelly, emphasized the company's commitment to sustainable growth. With over 40 years of experience in inorganic materials recovery, KBR aims to ensure compliance with stringent environmental regulations.
KBR has been awarded a contract by Haifa Group to enhance the production capacity of two nitric acid plants in Israel, which is expected to increase capacity by approximately 35% at each facility. The contract includes licensing, basic engineering design, and proprietary equipment. KBR's technology aims to boost agricultural yields while minimizing emissions and operating expenses. This strategic collaboration reflects Haifa's commitment to expand its role in precision agriculture.
KBR (NYSE: KBR) has secured two significant recompete contracts exceeding $120 million to enhance U.S. Navy training systems and aircraft survivability equipment. The first contract, worth $64.9 million, focuses on developing training system hardware and software for the E-2/C-2 Airborne Command and Control Systems Program. The second, valued at $55.3 million, involves research and predictive modeling for Advanced Tactical Aircraft Protection Systems. Both contracts aim to improve the effectiveness and safety of Navy operations over the next five years.
FAQ
What is the current stock price of KBR (KBR)?
What is the market cap of KBR (KBR)?
