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.
Rhea-AI Summary
KBR awarded contract for world's first commercial ammonia cracking unit in Korea
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.06%
Tags
-
News
Rhea-AI Summary
KBR's commercial cloud and mission service platform, KBR Vaault®, has been prioritized for the FedRAMP Joint Authorization Board (JAB) authorization process. This supports the company's readiness to meet customer needs in cloud security. The platform provides rapid deployment and custom configuration while remaining compliant with federal cybersecurity guidelines.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1%
Tags
-
Rhea-AI Summary
KBR declares regular quarterly dividend of $0.135 per share on common stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.77%
Tags
Rhea-AI Summary
KBR denies interest in acquiring Jacobs CMS business
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.63%
Tags
-
Rhea-AI Summary
KBR joint venture with Intuitive Machines has been awarded a $719 million contract by NASA to provide multidisciplinary engineering for critical space orbital systems. The contract has a five-year period of performance and directly aids the Joint Polar Satellite System program and NASA's Exploration and In-space Services projects division.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.2%
Tags
-
Rhea-AI Summary
KBR, Inc. (NYSE: KBR) announced strong 2Q23 financial results, raised FY23 guidance for Adjusted EBITDA2, resolved legacy litigation, and partially retired outstanding convertible notes. Revenue and cash flow were strong in 1H23, despite recorded losses in 2Q23. KBR received several awards for its ESG performance and sustainable technology solutions. New business awards totaled $21.1 billion, and the company delivered 1.1x TTM book-to-bill1 as of June 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.85%
Tags
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.53%
Tags
-
Rhea-AI Summary
KBR has been awarded a $1.9 billion contract to support NASA's human spaceflight programs, including the International Space Station and Artemis. The contract includes mission planning, astronaut training, real-time flight execution, and software development services. The work will be performed at various agency locations and could potentially last for 9 years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.24%
Tags
-
Rhea-AI Summary
KBR (NYSE: KBR) secures $69M contract to provide mission-critical labor at three CENTCOM locations, expanding its portfolio in the region. The contract has a base period of two years with an eight-month option, and KBR will support personnel at Ali Al Salem Air Base, Kuwait; Prince Sultan Air Base, Saudi Arabia; and Al Dhafra Air Base, UAE, over the next two and a half years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.81%
Tags
Rhea-AI Summary
KBR announces the option to include Autothermal Reforming (ATR) technology for low carbon ammonia production. The offering combines KBR's ammonia synthesis technology with Air Liquide's ATR expertise.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.43%
Tags
FAQ
What is the current stock price of KBR (KBR)?
The current stock price of KBR (KBR) is $58.65 as of November 15, 2024.
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
7.70B
133.24M
1.13%
98.62%
1.36%
Engineering & Construction
Heavy Construction Other Than Bldg Const - Contractors
United States of America
HOUSTON