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.
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KBR secures an engineering services contract with First State Hydrogen to develop a clean hydrogen production facility in the U.S. mid-Atlantic region, showcasing KBR's expertise in the clean hydrogen market.
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KBR secures contracts worth over $450 million to provide systems engineering support and services to the U.S. Government. The contracts span until 2031 and involve digital engineering, communications security, and data analysis, utilizing AI and machine learning technologies.
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KBR (NYSE: KBR) announces the selection of its Purifier™ ammonia technology by Wuhuan Engineering Co. for the expansion of El Nasr Company for Intermediate Chemicals' fertilizer complex in Egypt. The contract includes technology license, engineering design, and equipment provision for NCIC's 1,200 metric tonnes per day ammonia plant. KBR's Purifier process offers energy efficiency, reliability, and a lower carbon footprint, supporting sustainability goals in a cost-effective manner.
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KBR (NYSE: KBR) will host a conference call to discuss its first quarter 2024 financial results on April 30, 2024. The company will release its earnings presentation in advance, available on its website. The conference call will be webcast for investors.
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KBR, Inc. (NYSE: KBR) secures a five-year asset condition monitoring program contract from Petro Rabigh in Saudi Arabia to enhance machinery performance and reliability, optimizing asset lifecycle. The collaboration focuses on boosting energy efficiency and operational safety, aligning with Petro Rabigh's sustainability goals.
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KBR (NYSE: KBR) to host Investor Day at the New York Stock Exchange on May 8, 2024, with in-person attendance. Live webcast available for all interested individuals.
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KBR (NYSE:KBR) secures a new $60.7 million task order with potential value of $245.6 million to provide cybersecurity services for the Defense Health Agency's initiatives. The contract focuses on cybersecurity and information assurance services for the Military Health System, including assessment, authorization execution, cyber tools development, security control assessments, and cybersecurity sustainment support.
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KBR (NYSE: KBR) secures a new subcontract with BSIT to provide Human Performance Optimization services for the U.S. Air Force, extending over ten years. The contract aims to enhance physical and cognitive performance, reduce injury rates, and ensure combat readiness.
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KBR (NYSE: KBR) secures a project management contract from Sonangol for a new refinery in Angola, promising a 200% increase in fuel production capacity. The project aims to enhance energy independence, create jobs, and boost economic growth in the region. KBR's innovative design meets emission standards and environmental requirements, reflecting its commitment to sustainability and offering differentiated technical services.
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KBR (NYSE: KBR) schedules a webcast for their Sustainable Technology Solutions (STS) Primer on March 12, 2024, providing investors with insights into their sustainable technology solutions.
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FAQ
What is the current stock price of KBR (KBR)?
The current stock price of KBR (KBR) is $57.51 as of January 9, 2025.
What is the market cap of KBR (KBR)?
The market cap of KBR (KBR) is approximately 7.7B.
What does KBR, Inc. do?
KBR, Inc. offers technology-driven engineering, procurement, and construction (EPC) solutions and services across various industries such as defense, sustainable technology, and infrastructure.
Where is KBR headquartered?
KBR is headquartered in Houston, Texas.
How many people does KBR employ?
KBR employs approximately 34,000 people worldwide.
What are the main business segments of KBR?
KBR's business is organized into two main segments: Government Solutions and Sustainable Technology Solutions.
What recent contracts has KBR secured?
Recent contracts include a $771 million contract with the U.S. Army, a $34 million contract with the U.S. Naval Research Laboratory, and a $43 billion multiple-award contract by the Defense Health Agency.
What are KBR's recent achievements?
KBR has formed alliances for advanced lithium extraction technology, reported strong Q1 2024 financial results, and secured notable contracts across defense and sustainable technology sectors.
Who are KBR's key partners?
Key partners include GeoLith SAS, OCI Global, and Sumitomo Chemical.
What are KBR's revenue and financial highlights for 2023 and Q1 2024?
KBR generated $7 billion in revenue in 2023, with notable financial growth in Q1 2024, including a 7% increase in revenues and significant improvements in operating cash flow.
What technologies does KBR offer?
KBR offers a range of advanced technologies including Direct Lithium Extraction (DLE) technology, operator training simulators, and sustainable chemical process technologies.
What is KBR's role in global contingency services?
KBR provides mission-critical support services to U.S. Navy facilities worldwide, including support for natural disasters, humanitarian efforts, and military operations.
KBR, Inc.
NYSE:KBR
KBR Rankings
KBR Stock Data
7.66B
131.62M
1.12%
96.4%
1.99%
Engineering & Construction
Heavy Construction Other Than Bldg Const - Contractors
United States of America
HOUSTON