Core Insights - KBR has been awarded a five-year contract worth $46 million to support the Iraqi government's infrastructure and energy ambitions, focusing on megaprojects and sustainable development [1][2][3] - The contract involves providing advisory and consultancy services to the Iraqi Ministry of Planning, emphasizing economic planning, strategy development, feasibility studies, technical reviews, and large-scale project management [1][2] - KBR aims to enhance Iraq's energy sector by collaborating with various ministries to implement critical projects that improve the country's economic and social landscape [2][3] Company Overview - KBR employs approximately 35,000 people globally and operates in over 30 countries, providing technology, value-added services, and long-term operations and maintenance services [4] - The company is committed to innovation and sustainability, aligning its efforts with Iraq's long-term growth and environmental goals [2][3] - KBR plans to establish an operational office in Baghdad and potentially build an engineering design center to enhance the skills of Iraqi engineers [3]

KBR, Inc. (KBR) is all set to support the United States Air Force’s (USAF) Air Force Life Cycle Management Center with an estimated $82 million cost-plus-fixed-fee task order under an IAC MAC contract.Notably, the center supports the B-52 System Program Office (AFLCMC/WBD) P1-22-2367, located at Tinker AFB, OK. With this five-year contract, KBR maintains its solid eight-year presence in the B-52 program office.Per the deal, KBR will continue to look after reliability, maintainability, quality, supportabilit ...

HOUSTON, June 6, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced it has been awarded an estimated $82 million cost-plus-fixed-fee task order under an IAC MAC contract by the United States Air Force (USAF) for the Air Force Life Cycle Management Center. The center supports the B-52 System Program Office (AFLCMC/WBD) P1-22-2367 at Tinker AFB, Oklahoma.   Under the terms of the contract, KBR will continue to address areas such as reliability, maintainability, quality, supportability and interoperability (RMQSI) ...

KBR, Inc. (KBR) has been reaping benefits from its diversified service portfolio, which includes the Government Solutions (GS) segment and the Sustainable Technology Solutions (STS) unit.The GS segment’s contribution remains solid, thanks to the growth in the U.S. budget, especially toward emerging technologies accompanied by the increased demand patterns in its international business.Moreover, the company’s strong liquidity provides it enough room to boost investors’ value.However, stiff competition, as we ...

KBR, Inc. (KBR) has inked a deal with the Defense Health Agency to deliver health and wellness support for military personnel and their families under the Medical Q Coded Support and Services Next Generation (MQS2-NG) contract.KBR unveiled that it was selected as one of 11 awardees for this multiple-award, indefinite-delivery/indefinite-quantity contract. Also, the company will have the opportunity to bid on task orders, which contain a ceiling of $43 billion.Per the MQS2-NG contract, KBR’s Government Solut ...

HOUSTON, May 23, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today it has been selected as one of 11 awardees for a multiple-award, indefinite-delivery/indefinite-quantity contract by the Defense Health Agency to provide health and wellness support for military personnel and their families. KBR will have the opportunity to bid on task orders under the Medical Q Coded Support and Services Next Generation (MQS2-NG) contract, which contains a ceiling of $43 billion.Under the terms of the MQS2-NG, KBR would ...

HOUSTON, May 22, 2024 /PRNewswire/ -- KBR (NYSE: KBR) and Sumitomo Chemical announced today that they have signed an alliance agreement to make KBR an exclusive licensing partner for Sumitomo Chemical's state-of-the-art propylene oxide by cumene (POC) technology. Propylene oxide is an intermediate product used primarily in the further manufacture of polyurethanes. Polyurethane is used in many products such as foams, coatings, adhesives and sealants which serve growing industries such as construction, indust ...

Marco Di Lauro/Getty Images News Investment Thesis KBR, Inc. (NYSE:KBR) should continue to deliver good revenue growth moving ahead given its healthy order bookings and secular growth drivers in its Government Solutions ('GS') and Sustainable Technology Solutions ('STS') segments. The GS segment should benefit from its good exposure to National Security, Emerging Technology, and Defense modernization driven by increased government spending amid recent geopolitical tensions. Moreover, the segment should ...

Group 1 - KBR's Board of Directors declared a quarterly dividend of $0.15 per share on common stock [1] - The dividend will be paid on July 15, 2024, to stockholders of record on June 17, 2024 [1] Group 2 - KBR provides science, technology, and engineering solutions globally [2] - The company employs approximately 35,000 people and serves customers in over 80 countries [2] - KBR operates in more than 30 countries, focusing on technology, value-added services, and long-term operations [2]

HOUSTON, May 13, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today it has been awarded a contract by OCI Global (OCI) to design and deploy its proprietary operator training simulator for OCI's 3,000 metric tonnes per day Texas Blue Clean Ammonia facility, in Texas. Under the terms of the contract, KBR will provide its operator training simulator for OCI's clean ammonia synloop unit. KBR's advanced digital solutions help clients maximize the ammonia yield and improve energy and production efficiency. The ...