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]

Core Insights - KBR has been awarded a $199 million cost-plus-fixed-fee contract to support the Naval Information Warfare Center Pacific Program Executive Office Digital and Enterprise Services [1] - The contract will focus on enhancing the Department of Defense's zero-trust capabilities, ensuring secure data flow and edge protection for military operations [2] - KBR will conduct research and development in critical technology areas, including future generation wireless technology, trusted artificial intelligence, integrated sensing and cyber, and quantum science [2][3] Company Overview - KBR employs approximately 36,000 people globally and operates in over 30 countries, providing technology and engineering solutions to governments and companies [5] - The company aims to deliver valuable technology and mission expertise to the U.S. Department of Defense, enhancing its capabilities in various information systems [3][5] Program Context - The DoDIAC program, sponsored by the Defense Technical Information Center, supports the Department of Defense and federal government users by providing technical data management and research support [4] - Established in 1946, the IAC program aims to drive innovation and technological developments within the DoD science and technology community [4]

Core Points - KBR has been awarded a cost-plus-fixed-fee contract by the U.S. Navy for the continued development of space science instrument systems at the Naval Research Lab [1][2] - The contract, known as the Space Science Instruments and Experimental Payloads (SSIEP) 3, will involve engineering and research activities focused on sophisticated space science instruments and experimental payloads [1][2] - This contract is a follow-on to previous contracts (SSIEP 1 and 2) that KBR has supported since 2015, maintaining its presence at the NRL [2] Company Overview - KBR has over 50 years of comprehensive design engineering experience across various industries [2] - The company employs approximately 36,000 people worldwide and serves customers in more than 80 countries [3] - KBR provides technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery with predictable results [3]

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 ...

HOUSTON, Aug. 5, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced it has been awarded an estimated $153 million cost plus fixed fee recompete contract to support Naval Test Wings Atlantic and Pacific Aircrew Services over a five-year period. The work will be performed primarily at Naval Air Station (NAS) Patuxent River, Maryland, but also at NAS Pt. Mugu, California, and NAS China Lake, California. Under the terms of the contract, KBR will provide aircrew services, engineering technical services, independent ...

blackred Investment Thesis KBR, Inc. (NYSE:KBR) has good growth prospects ahead. The company is experiencing secular demand drivers within both of its segments. The Sustainable Technology Solution segment is seeing secular trends from ammonia, decarbonization, energy security, and energy transition. The Government Solution segment is seeing secular trends from favorable national security, space, and Cybersecurity end markets. These secular demand tailwinds should support the company’s revenue growth mov ...

HOUSTON, July 29, 2024 /PRNewswire/ -- KBR (NYSE: KBR) was selected as NASA's Agency-Level Large Business Prime Contractor of the Year. This highly sought-after honor is part of NASA's 2023 Small Business Industry Awards and builds upon KBR's 2023 SBIA large business center-level awards at both Goddard Space Flight Center (GSFC) and Johnson Space Center.The award, presented by the NASA Office of Small Business Programs (OSBP), recognizes outstanding efforts in developing and implementing innovative practice ...

When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate rev ...