KBR, Inc. (KBR) has been chosen by the Seatrium Group to develop topsides facilities for two floating production storage and offloading (FPSO) units for Petrobras' Atapu and Sepia fields in the Santos Basin, Brazil.These new high-production, energy-efficient units — P-84 and P-85 — are part of Petrobras' latest generation of FPSO platforms, designed for high production capacity and energy efficiency. Each FPSO will be able to produce 225,000 barrels of oil per day and handle 10 Mm³ of gas daily, in line wit ...

HOUSTON, Sept. 5, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today it has been awarded engineering contracts by Seatrium Group to develop topsides facilities for two new high-production, energy-efficient floating production storage and offloading (FPSO) units. The units are being designed for Petrobras' Atapu and Sepia fields in the Santos Basin, Brazil.Under the terms of the contracts, KBR will provide Seatrium with detailed engineering services and technical engineering procurement support for the top ...

HOUSTON, Sept. 3, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today it has completed the acquisition of LinQuest Corporation, a leading provider of advanced engineering, data analytics and digital integration with a strong history of solving complex technical challenges for national security space missions.The acquisition strengthens KBR's capabilities across space, air dominance and connected battlespace missions. LinQuest also has a heritage of serving important U.S. government customers including the ...

A month has gone by since the last earnings report for KBR Inc. (KBR) . Shares have added about 0.1% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is KBR due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. KBR Q2 Earnings Beat, Revenues Miss, Adjusted EBITDA UpKBR re ...

KBR, Inc. (KBR) has secured a significant contract worth an estimated $199 million to enhance the Department of Defense's (DoD) digital infrastructure. Awarded under the Department of Defense Information Analysis Center's (DoDIAC) multiple-award contract (MAC) vehicle, this five-year project focuses on advancing the Naval Information Warfare Center Pacific Program Executive Office Digital and Enterprise Services (PEO Digital) Technical Director's Office.The contract highlights KBR's critical role in transfo ...

Core Insights - KBR, Inc. has been awarded a follow-on contract by the U.S. Navy for the development of space science instrument systems, indicating strong government demand for its services [1] - The company is experiencing a winning streak in contracts due to its resilient business model and focus on national security and energy transition [2] - KBR's Sustainable Technology Solutions business is advancing decarbonization initiatives, including a significant contract to provide technology for sustainable aviation fuel production [2] - KBR's financial performance shows a 6% year-over-year revenue increase, with a total backlog of $20.1 billion as of June 28, 2024 [5] - The company has raised its adjusted earnings per share (EPS) projection for 2024, reflecting positive growth expectations [6] Contract Wins and Business Development - KBR has received a five-year, approximately $153 million contract from Naval Test Wings Atlantic and Pacific Aircrew Services [3] - The company has secured $2.1 billion in bookings in strategic areas during the second quarter of 2024, with a trailing 12-month book-to-bill ratio of 1x [5] - The total backlog includes $12.89 billion from Government Solutions and $3.92 billion from Sustainable Technology Solutions [5] Financial Performance - KBR's total revenues for the second quarter of 2024 reached $1.86 billion, supported by growth in Sustainable Technology Solutions and Government Solutions [5] - The adjusted EPS estimate for 2024 has been raised to a range of $3.15-$3.30, indicating an 11.3% year-over-year growth [6] Market Position - KBR's shares have gained 20% year-to-date, although this is below the industry average growth of 29.2% [4] - The ongoing contract wins are expected to enhance KBR's market prospects in the upcoming quarters [4]

HOUSTON, Aug. 20, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced it has been awarded an estimated $199 million cost-plus-fixed-fee contract supporting the Naval Information Warfare Center Pacific Program Executive Office Digital and Enterprise Services (PEO Digital) Technical Director's Office. KBR was awarded this contract under the Department of Defense Information Analysis Center's (DoDIAC) multiple-award contract (MAC) vehicle. These IAC MAC task orders are awarded by the U.S. Air Force's 774th Enterpri ...

HOUSTON, Aug. 19, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today it has been awarded a cost-plus-fixed-fee contract by the U.S. Navy for continued development of space science instrument systems at the Naval Research Lab (NRL) in Washington, D.C.Under the terms of the Space Science Instruments and Experimental Payloads (SSIEP) 3 contract, KBR will provide personnel, equipment and facilities to support engineering and research activities for the Navy's Space Science Division. Their focus will be on the ...

HOUSTON, Aug. 12, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today the appointment of Nchacha E. Etta to its Board of Directors effective August 12, 2024.Nchacha E. Etta is executive vice president and chief financial officer of Omnicell, Inc., a multinational healthcare technology company. His breadth of finance and accounting experience stems from leading and working in global finance organizations across the healthcare and consumer products industries for more than 20 years. Prior to joining Omnicell ...

HOUSTON, Aug. 6, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today that Avina Clean Hydrogen Inc. has selected the sustainable aviation fuel technology, PureSAF℠, for its project in the US. Developed by Swedish Biofuels, PureSAF technology is exclusively licensed by KBR worldwide.Under the terms of the contract, KBR will provide the technology licensing, proprietary engineering design, and front-end engineering design (FEED) for Avina's facility to produce 120 million gallons of sustainable aviation fuel ...