Core Viewpoint - KBR, Inc. plans to pursue a tax-free spin-off of its Mission Technology Solutions (MTS) segment, aiming to create two independent public companies with enhanced strategic focus and operational independence [1][2][11]. Strategic Rationale and Benefits - The spin-off is expected to position both New KBR and SpinCo for long-term profitable growth and value creation, leveraging their distinct product and service offerings [2][5]. - KBR's transformation over the past decade has established it as a leading provider of innovative science, technology, and engineering solutions [2][6]. - Post-spin, both companies will retain KBR's values-driven culture and focus on delivering customer value [2][4]. New KBR (Sustainable Technology Solutions - "STS") - New KBR will focus on sustainable technology solutions, delivering proprietary technologies that reduce emissions and enhance energy efficiency [3][4]. - The company will leverage over 85 process technologies across various markets, including ammonia/syngas and clean refining [4][6]. SpinCo (Mission Technology Solutions - "MTS") - SpinCo will serve as a leader in government services, focusing on national security and space priorities, benefiting from increasing budgets [7][8]. - The company is expected to maintain a capital-light model with diversified, long-duration contracts, ensuring predictable cash flow and a robust backlog [8]. Executive Leadership Updates - KBR has engaged a search firm to identify executive candidates for SpinCo, with Mark Sopp transitioning to oversee the spin-off process [9][10]. - Shad Evans has been appointed as KBR's Chief Financial Officer, effective January 5, 2026, and will assume the CFO role for New KBR post-spin [14]. Transaction Details - The spin-off is targeted for completion by mid-to-late 2026 and is intended to be tax-free for KBR and its shareholders [11][12]. - The transaction will require final approval from KBR's Board of Directors and other customary conditions [11]. Fiscal Year 2025 Outlook - KBR reaffirms its previously issued fiscal year 2025 outlook, indicating stability in its financial projections [12].

Core Viewpoint - A class action lawsuit has been filed against KBR, Inc. by Berger Montague on behalf of investors who acquired KBR shares between May 6, 2025, and June 19, 2025, due to undisclosed concerns regarding a key military contract [1][3]. Group 1: Lawsuit Details - The lawsuit alleges that KBR failed to disclose material concerns from the U.S. Department of Defense's Transportation Command (TRANSCOM) regarding HomeSafe's ability to fulfill the Global Household Goods Contract [3]. - KBR reassured investors that the contract would proceed as expected, despite being aware of the issues within the partnership [3]. - Following the disclosure of the contract termination by HomeSafe on June 19, 2025, KBR's shares dropped by $3.85, or 7%, closing at $48.93 on June 20, 2025 [4]. Group 2: Company Background - KBR, Inc. is a Houston-based firm specializing in engineering, technology, and government services, providing logistics and operations support to various federal agencies, including the Department of Defense [2].

Core Viewpoint - A class-action lawsuit has been filed against KBR, Inc. for allegedly misleading investors prior to the cancellation of a significant military contract, resulting in a substantial drop in the company's stock price [1][3]. Group 1: Lawsuit Details - The lawsuit, Norrman v. KBR, Inc., claims that KBR executives provided a falsely optimistic outlook on the HomeSafe partnership, which was on the verge of collapse [2][4]. - The class period for the lawsuit is defined as May 6, 2025, to June 19, 2025, with a lead plaintiff deadline set for November 18, 2025 [2]. Group 2: Contract Cancellation Impact - The Department of Defense's U.S. Transportation Command (TRANSCOM) canceled its global household goods contract with HomeSafe Alliance LLC, a joint venture led by KBR, which was valued at up to $20 billion over a potential nine-year term [3][4]. - Following the contract termination announcement on June 20, 2025, KBR's shares fell over 7% as investors reacted to the loss [3]. Group 3: Allegations of Misrepresentation - During a Q1 earnings call on May 6, 2025, KBR assured investors that the HomeSafe partnership was "strong" and "excellent," despite being aware of TRANSCOM's material concerns regarding operational issues [4]. - The lawsuit alleges that KBR's misrepresentation of the partnership's status led to significant financial losses for shareholders [4][5].

Group 1 - A class action lawsuit has been filed on behalf of investors who purchased KBR, Inc. securities between May 6, 2025, and June 19, 2025 [1] - KBR investors have until November 18, 2025, to file a lead plaintiff motion [1]

SAN DIEGO--(BUSINESS WIRE)--The suit alleges defendants issued false statement concerning KBR business and prospects resulting in its stock trading at inflated prices. ...

Core Viewpoint - KBR, Inc. is facing a securities class action lawsuit for failing to disclose material information during the specified Class Period, which has resulted in significant stock price declines following negative news related to a joint venture with HomeSafe Alliance [3][4]. Summary by Sections Lawsuit Details - The lawsuit is titled Norrman v. KBR, Inc., et al., No. 25-cv-04464, and is pending in the United States District Court for the Southern District of Texas [5]. - Investors who purchased KBR securities between May 6, 2025, and June 19, 2025, have until November 18, 2025, to file lead plaintiff applications [1][2]. Stock Price Impact - On June 19, 2025, KBR's joint venture, HomeSafe, announced the termination of a significant contract with the U.S. Department of Defense, leading to a drop in KBR's stock price by $3.85, or 7.29%, closing at $48.93 on June 20, 2025 [4]. - The stock experienced further decline, falling an additional $1.30, or 2.65%, to close at $47.63 on June 23, 2025 [4]. Company Background - KBR, Inc. has a 72% economic interest in HomeSafe Alliance, which was awarded a contract in 2021 to improve the military move system [4]. - Kahn Swick & Foti, LLC (KSF) is a prominent law firm specializing in securities litigation, representing various investors seeking recoveries for losses due to corporate fraud [5].

Core Viewpoint - Investors have until November 18, 2025, to file lead plaintiff applications in a securities class action lawsuit against KBR, Inc. for securities purchased between May 6, 2025, and June 19, 2025 [1] Company Summary - The lawsuit is being led by Kahn Swick & Foti, LLC, with Charles C. Foti, Jr., a former Attorney General of Louisiana, as a partner [1] - The action is currently pending in the United States District Court [1]

Group 1 - KBR, Inc. is facing a lawsuit for alleged violations of securities laws [1] - The lawsuit has been filed by the DJS Law Group, which is seeking to discuss the rights of affected parties [1] - The legal action indicates potential regulatory scrutiny and implications for KBR's operations and financial standing [1]

Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of KBR, Inc. securities purchasers during the specified Class Period, alleging that the company made materially false and misleading statements regarding its business operations and prospects [1][5]. Group 1: Lawsuit Details - The class action lawsuit pertains to KBR, Inc. securities purchased between May 6, 2025, and June 19, 2025 [1]. - The lawsuit claims that KBR's management misrepresented the status of its partnership with the U.S. Department of Defense's Transportation Command, despite known concerns about HomeSafe's ability to fulfill contractual obligations [5]. - Investors are encouraged to join the class action without incurring out-of-pocket fees through a contingency fee arrangement [2]. Group 2: Next Steps for Investors - Interested investors can join the KBR class action by visiting the provided link or contacting the law firm directly [3][6]. - A lead plaintiff must file a motion with the court by November 18, 2025, to represent other class members in the litigation [1][3]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including over $438 million for investors in 2019 [4]. - The firm has been recognized for its leadership in securities class action settlements and has consistently ranked among the top firms in this area since 2013 [4].

Core Points - A class action has been filed against KBR, Inc. for allegedly misleading investors regarding the capabilities of its joint venture, HomeSafe Alliance, in fulfilling a contract with TRANSCOM [1][2] - KBR holds a 72% economic interest in HomeSafe, which was awarded the Global Household Goods Contract by the U.S. Department of Defense [2] - Allegations state that KBR was aware of concerns regarding HomeSafe's ability to meet contract obligations but continued to assure investors that the partnership was functioning well [3] - On June 19, 2025, HomeSafe announced a notice to terminate the contract, leading to a significant drop in KBR's stock price [4] Company Overview - KBR, Inc. provides science, technology, and engineering solutions to governments and companies globally [1] - The company is currently facing legal scrutiny due to the performance issues of its joint venture, HomeSafe, which may impact its reputation and financial standing [2][3] Stock Performance - Following the announcement of the contract termination, KBR's stock price fell by $3.85 (7.29%) to close at $48.93 on June 20, 2025, and further declined by $1.30 (2.65%) to close at $47.63 on June 23, 2025 [4]