HOUSTON, July 03, 2025 (GLOBE NEWSWIRE) -- KBR (NYSE: KBR) announced today that it will host a conference call to discuss its second quarter financial results on Thursday, July 31, 2025, at 7:30 a.m. Central Time (8:30 a.m. Eastern Time). The company plans to issue its second quarter 2025 earnings release and earnings presentation in advance of the call. Both will be available on KBR’s website. The conference call will be webcast simultaneously through the Investor Relations section of KBR’s website at inve ...

Core Insights - KBR successfully supported the launch and execution of Axiom Mission 4 (Ax-4), marking a significant milestone in the company's role in commercial spaceflight [1][4] - The company provided comprehensive training for the Ax-4 crew, enabling them to live and work aboard the International Space Station for two weeks [2] - KBR embedded four flight controllers into Axiom Space's mission control center for real-time operational support during the mission [3] Company Contributions - KBR has supported four private astronaut missions through its agreements with NASA, leveraging its experience from previous contracts [2] - The company has a long history of working with U.S. astronauts since 1968, covering various aspects of space missions [5] - KBR's President highlighted the company's growing footprint in the private space sector and its reputation as a trusted partner in human spaceflight operations [4] Operational Scope - KBR employs approximately 38,000 people globally and operates in over 29 countries, providing technology and engineering solutions to various clients [6] - The company is committed to delivering consistent results and value-added services to its customers worldwide [6]

Core Viewpoint - KBR, Inc. experienced a significant decline in share price following the cancellation of a major contract with the U.S. Department of Defense, raising concerns about potential misrepresentation of the contract's status to investors [1][4][5]. Group 1: Contract Details - KBR's joint venture, HomeSafe Alliance LLC, was awarded a contract valued at $20 billion with a potential term of 9 years to manage household goods for the U.S. Armed Services and Department of Defense [3]. - The contract was terminated by TRANSCOM due to HomeSafe's failure to meet obligations, which included issues like delays and damaged items [4][5]. Group 2: Investor Reactions and Investigations - Following the contract cancellation announcement, KBR's share price fell by $3.85, or 7.3%, on June 20, 2025 [5]. - Hagens Berman, a national shareholders rights firm, has initiated an investigation into KBR for possible violations of securities laws related to prior positive statements about the contract [2][5]. Group 3: Company Assurances - As recently as May 6, 2025, KBR management expressed confidence in the contract's status, claiming a strong relationship with TRANSCOM [4][7]. - However, just weeks later, it was revealed that HomeSafe had been struggling with various challenges related to the contract, contradicting KBR's earlier assurances [5].

Core Viewpoint - Pomerantz LLP is investigating potential securities fraud or unlawful business practices involving KBR, Inc. and its officers or directors following a significant stock price drop due to the termination of a key contract [1][3]. Group 1: Investigation Details - Pomerantz LLP is representing investors of KBR, Inc. and is looking into claims of securities fraud or other unlawful business practices [1]. - Investors are encouraged to contact Pomerantz LLP for more information regarding the investigation [1]. Group 2: Stock Performance - On June 20, 2025, KBR announced that HomeSafe Alliance, a joint venture, had its role in the Global Household Goods Contract terminated by U.S. Transportation Command [3]. - Following this announcement, KBR's stock price decreased by $3.85 per share, representing a 7.29% decline, closing at $48.93 per share [3].

Core Viewpoint - Pomerantz LLP is investigating potential securities fraud or unlawful business practices involving KBR, Inc. and its officers or directors [1] Group 1: Company News - On June 20, 2025, KBR announced that its joint venture, HomeSafe Alliance, was terminated from the Global Household Goods Contract by U.S. Transportation Command, which aims to enhance the moving system for military personnel and their families [2] - Following this announcement, KBR's stock price dropped by $3.85 per share, representing a decline of 7.29%, closing at $48.93 per share on the same day [2] Group 2: Legal Context - Pomerantz LLP is recognized as a leading firm in corporate, securities, and antitrust class litigation, with a history of advocating for victims of securities fraud and corporate misconduct [3]

Core Insights - HomeSafe Alliance, a joint venture of KBR, has had its role in the Global Household Goods Contract terminated by U.S. Transportation Command (TRANSCOM) [1] - The termination is not expected to materially affect KBR's adjusted EBITDA outlook for 2025, as the program was not anticipated to contribute to profits in the initial year of move activity [2] Company Overview - KBR provides science, technology, and engineering solutions globally, employing approximately 38,000 people and serving customers in over 80 countries [2]

Core Viewpoint - KBR has secured a subcontract with Strategic Resources Inc to provide health and resilience services to the U.S. Army, emphasizing the importance of mental and physical readiness for soldiers and their families [1][4][9] Contract Details - The Master Resilience Training/Training Center Support contract is valued at $161 million, covering one base year and four option years, with operations across the U.S., Korea, Japan, and Germany [2] - KBR will work with SRI to deliver Master Resilience Trainers at Army Ready and Resilience Centers, focusing on enhancing the well-being and performance of soldiers and related personnel [3] Strategic Importance - This contract is seen as a significant advancement in KBR's commitment to military well-being, building on previous Department of Defense healthcare contracts and existing prime contracts for NASA and U.S. Special Operations Forces [4]

Core Viewpoint - KBR, Inc. has secured a $476 million contract from the U.S. Navy for Base Operations Support services at Camp Lemonnier and Chabelley Airfield in Djibouti, which are critical locations for U.S. military operations in Africa [1][3]. Group 1: Contract Details - The contract is a firm-fixed-price agreement that allows KBR to continue providing essential services at the only permanent U.S. Navy base in Africa [1]. - KBR has been supporting NAVFAC in Djibouti since 2013, providing 24/7 base operations that enhance regional stability and protect U.S. interests [2]. - The new contract will run from November 2025 to May 2034 and includes managing facility operations, airfield and security services, emergency response, and basic life support [3]. Group 2: Market Presence and Growth - KBR operates in various locations, including Bahrain, Diego Garcia, and the UAE, and has over 30 years of experience supporting military operations in complex environments [4]. - The company offers diversified solutions through its Government Solutions and Sustainable Technology Solutions segments, benefiting from the rising importance of national security and energy transition [5]. - As of April 4, 2025, KBR's total backlog was $20.5 billion, with significant contributions from Mission Technology Solutions and Sustainable Technology Solutions [6]. Group 3: Financial Performance - KBR's shares have decreased by 9.5% year to date, while the Zacks Engineering - R and D Services industry has seen a decline of 0.6% [9]. - Despite concerns over dependency on government spending, the demand for sustainable services is expected to drive growth, with earnings estimates for 2025 increasing to $3.85 per share, reflecting a 15.3% growth from 2024 [9]. - The company has maintained a trailing 12-month book-to-bill ratio of 1.0X, indicating steady operational momentum [6].

Core Insights - KBR has been awarded a $476 million contract by the U.S. Navy Facilities Engineering Systems Command to provide Base Operations Support services at Camp Lemonnier and Chabelley Airfield in Djibouti, which is the only permanent U.S. Navy base in Africa [1][2] - The contract will run from November 2025 to May 2034 and includes a wide range of mission support services for the Combined Joint Task Force - Horn of Africa, covering facility operations, maintenance, fire and emergency services, airfield and security operations, as well as basic life support services [2][3] - KBR has a long-standing relationship with NAVFAC in Djibouti, having supported base operations since 2013, and has provided mission-critical support to the U.S. military and allied nations for over 30 years in various complex environments globally [3][4] Company Overview - KBR delivers science, technology, and engineering solutions to governments and companies worldwide, employing approximately 38,000 people and operating in over 30 countries [4] - The company is committed to providing technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery with predictable results [4]

Core Insights - KBR has signed a letter of intent with ACMI Properties to enhance its commercial space capabilities, including the establishment of a human spaceflight food laboratory at NASA's Exploration Park [1][2] - The new facility will be 45,000 square feet and aims to support the growing commercial low-Earth orbit (LEO) industry by developing tailored astronaut food systems [1][2] - KBR's initiative is expected to provide critical resources for NASA and its partners, focusing on safe food solutions that enhance human performance during space missions [2][3] Company Overview - KBR has over 60 years of experience in human spaceflight expertise and employs approximately 38,000 people globally, serving customers in more than 80 countries [4] - The company is committed to delivering science, technology, and engineering solutions, ensuring consistent delivery with predictable results [4] Strategic Importance - The facility will not only support human spaceflight programs but also target applications requiring advanced food safety and lifecycle management solutions in extreme environments [3] - KBR's collaboration with ACMI Properties, which specializes in mission-critical infrastructure, is expected to set new benchmarks for the needs of LEO, Moon, and Mars missions [2]