KBR, Inc. - KBR STOCK NEWS

KBR's Board of Directors has declared a regular quarterly dividend of $0.10 per share on its common stock. The payment will be made on January 15, 2021, to stockholders of record as of December 15, 2020. This announcement reflects KBR's commitment to delivering shareholder value, with approximately 28,000 employees serving customers in over 80 countries.

The press release highlights KBR's ongoing focus on providing differentiated professional services and solutions across government and technology sectors.

KBR, Inc. has successfully acquired Centauri, LLC, enhancing its position in military space and intelligence sectors. This acquisition aims to diversify KBR's offerings in mission support services, leveraging Centauri's expertise in advanced technology solutions for national security. The integration aligns with KBR's strategic transformation to become a leading provider of high-end technical services. KBR anticipates significant growth opportunities and enhanced customer relationships following this acquisition, which could bolster its presence in serving the U.S. government and defense sectors.

KBR announced the pricing of its private offering of $250 million in 4.750% senior notes due 2028. The notes are priced at par and will be senior unsecured obligations of KBR, set to close on September 30, 2020. Interest on the notes will be paid semi-annually, starting March 30, 2021. KBR plans to use the proceeds for the acquisition of Centauri Platform Holdings and other corporate purposes. These notes are being offered to qualified institutional buyers under Rule 144A and are not registered under any securities laws.

KBR, a global provider of government services and technology solutions, has announced a private offering of $250 million in senior unsecured notes due 2028. The net proceeds will finance the acquisition of Centauri Platform Holdings and cover related expenses. The offering targets qualified institutional buyers, complying with SEC regulations. The notes are not registered for public sale and will not be offered in the U.S. without proper registration. KBR employs approximately 28,000 people and operates in over 40 countries.

KBR has secured an eight-year contract valued at a maximum of $974 million to manage day-to-day base operations for the U.S. Air Forces in Europe and Africa. This contract involves supporting operations at Morón Air Base in Spain and facilities in Turkey. KBR’s responsibilities will include program management, civil engineering, and logistics support. This award follows KBR's successful procurement of prime contracts worth $82 billion under the Logistics Civil Augmentation Program V.

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.