KBR, Inc. - KBR STOCK NEWS

KBR won a $93.6 million task order from the U.S. Air Force for base operations at Prince Sultan Air Base in Saudi Arabia. This five-year contract will support the 378th Air Expeditionary Wing and includes providing personnel, labor, and safety equipment. Earlier in the year, KBR secured a position on a $6.4 billion contract for Air Force support. The company has a history of delivering critical services, including recovery efforts after Hurricane Michael in 2018. KBR emphasizes its global military readiness, sustainability, and expertise in complex operational environments.

KBR and Johnson Matthey have partnered to license an innovative ammonia-methanol co-production process, enhancing their market-leading technologies. This agreement aims to reduce capital and operating expenses while ensuring high safety and reliability. KBR brings its proprietary PURIFIER™ ammonia process, with a history of over 244 ammonia plants globally, while JM contributes decades of expertise in methanol technology. The collaboration is positioned to optimize resources, minimize environmental impact, and address evolving market demands.

KBR has secured a $75 million recompete contract from the Naval Facilities Engineering Command Europe Africa Central to enhance infrastructure at military bases in Djibouti. This five-year contract involves engineering, design, and construction services at Camp Lemonnier and Chabelley Airfield. KBR has been providing base support services at these locations since 2013 and boasts over 25 million hours of work without safety incidents. This award reinforces KBR's commitment to supporting U.S. military readiness globally.

KBR announced a regular cash dividend of $0.10 per share on its common stock, to be paid on October 15, 2020, to shareholders on record as of September 15, 2020. This decision reflects KBR's commitment to returning value to its investors. The company, employing around 28,000 individuals globally, operates in over 80 countries and provides professional services in the government and technology sectors. Despite facing numerous risks, KBR continues to focus on delivering predictable results and services.

KBR has secured two contracts from Ningxia Baofeng Energy for its 500KTA coal to olefins project and 500KTA C2-C5 comprehensive utilization project in Ningdong Town, China. These contracts involve process technology licensing and design for a facility with a one million ton annual production capacity, making it the largest single-train methanol to olefins (MTO) plant globally. KBR will utilize its SCORE steam cracking and MTO recovery technologies to optimize yields and capital investment, reaffirming its commitment to technological advancements for clients.

KBR, Inc. has announced its acquisition of Centauri, LLC for approximately $800 million. This strategic move aims to enhance KBR's capabilities in military space, intelligence, and advanced technology sectors. Centauri, a leader in space systems engineering, brings a forecasted revenue of $700+ million for 2021 and a healthy EBITDA margin of 10%. The acquisition is set to create synergies, positioning KBR for growth in key defense and security domains, and is expected to close in Q4 2020, pending regulatory approvals.

KBR has secured a $40 million recompete task order from the USAF to deliver sustainment engineering for the B-52 Stratofortress. This contract aims to enhance operational viability and reduce total ownership costs over the next five years, primarily executed at Tinker Air Force Base. KBR will conduct reliability analyses and develop maintenance procedures to support the aircraft's integrity. This contract builds on KBR's long-standing relationship with the DoD, as they have participated in similar contracts since 2005.

KBR, Inc. reported its second quarter 2020 financial results, highlighting a revenue of $1.385 billion, down from $1.422 billion in 2019. The company experienced an operating loss of $12 million due to restructuring charges. Adjusted EBITDA stood at $106 million. KBR is undergoing a portfolio transformation, shifting from a three-segment to a two-segment model, focusing on Government Solutions and Technology Solutions. The company has updated FY 2020 EPS guidance to a range of $(0.48) to $(0.18) while reaffirming Adjusted EPS guidance of $1.50 to $1.80, alongside improved cash flow projections.

KBR has secured a $165 million task order to provide engineering services for the U.S. Army's Tactical Aviation and Ground Munitions (TAGM) Project Office. This award, part of a cost-plus, fixed fee contract, continues KBR's 22-year partnership with the Army. The company will enhance missile systems, addressing production issues and integrating these systems across various platforms over the next five years at Redstone Arsenal, Alabama. This initiative aims to improve military capabilities and efficiency in deploying advanced weapon systems.